Rain Industries Limited

Press Release

November 10, 2015

Consolidated Results for the Third Quarter ended September 30, 2015
Consolidated Earnings per Share of INR 3.02 for the Third Quarter
Rain Industries Limited (Rain or the Company) reported its consolidated unaudited financial
results for the quarter ended September 30, 2015.
Consolidated Financial Highlights

Net Sales of INR 26,817 Million and Operating Profit of INR 3,802 Million
Profit After Tax of INR 1,014 Million and Earnings Per Share of INR 3.02
Strong Cash Balance of INR 8,335 Million to meet capex and debt obligations in the near-term
INR in Million

Consolidated Financial Performance

Quarter Sept.15

Quarter Sept.14

YTD
Sept.15

26,817

29,697

78,206

91,437

117,336

Other Operating Income

102

624

339

1,820

2,034

Income from Operations

26,919

30,321

78,545

93,257

119,370

3,802

3,617

11,309

10,643

12,220

14%

12%

14%

12%

10%

Finance Cost

1,464

1,490

4,318

4,596

6,079

Other Income

113

77

317

181

369

Forex (Gain)/ Loss

291

(196)

(21)

(324)

(209)

2,160

2,400

7,329

6,552

6,719

827

848

2,436

2,592

3,470

1,333

1,552

4,893

3,960

3,249

Exceptional Items

2,672

Profit Before Tax

1,333

1,552

4,893

3,960

577

Tax Expense/ (Benefit)

426

464

1,686

1,104

(120)

Net Profit Before Share of Profit of Associates

and Minority Interest

907

1,088

3,207

2,856

697

Share of Profit/(Loss) of Associates and

Minority Interest

107

59

102

26

188

1,014

1,147

3,309

2,882

885

3.02

3.41

9.84

8.57

2.63

Particulars
Net Sales

Operating Profit (EBITDA")

Operating Profit Margin

Profit Before Depreciation, Taxes and

Exceptional Items
Depreciation and Amortization Expenses
Profit Before Tax and Exceptional Items

Net Profit
Earnings Per Share

YTD
Sept.14

Year
CY14

Page 1 of 8

Rain Industries Limited

INR in Million

SEGMENT WISE REVENUE AND ADJUSTED OPERATING PROFIT

Quarter ended
Particulars

Q3 2015

Q2 2015

% change
Q3 2014

Q3 2015
vs.
Q2 2015

Q3 2015
vs.
Q3 2014

Net Sales (1)

(a) Carbon Products

19,188

18,065

21,077

6%

-9%

(b) Chemicals

4,985

5,361

6,291

-7%

-21%

(c) Cement

2,644

2,674

2,330

-1%

13%

Net Sales

26,817

26,100

29,697

3%

-10%

3,018

3,251

2,949

-7%

2%

(b) Chemicals

381

681

462

-44%

-18%

(c) Cement

403

440

206

-8%

96%

3,802

4,372

3,617

-13%

5%

Adjusted Operating Profit (2)

(a) Carbon Products

Total
Note:
(1)

Net Sales is adjusted for inter segmental sales.

(2)

Operating Profit is Profit before adjustment of exceptional items, Other Income, Foreign exchange (gain) loss,
Depreciation & amortisation, Impairment loss, Interest and Taxation.

In 000s Metric Tons

SALES VOLUME INFORMATION

Quarter Ended

% change

Particulars
Q3 2015
Carbon Products
Chemicals
Cement

Q3 2015
vs.
Q2 2015

Q3 2015
vs.
Q3 2014

Q2 2015

Q3 2014

771

714

813

8%

-5%

83

86

81

-3%

2%

561

554

512

1%

10%
Page 2 of 8

Rain Industries Limited

OPERATIONAL HIGHLIGHTS
STATUS OF CAPITAL PROJECTS
A)

Tar Distillation Plant in Russia:

A New Coal Tar Distillation Plant with a capacity of 300,000 Tons per annum is being
developed in Cherepovets, Russia by a Joint Venture with OAO Severstal, Russia and the
same is progressing well. It is currently in the last stage of commissioning and expected to
commence operations in December 2015.

B)

Chalmette De-scrubber
During the current quarter, the Company has commissioned new Flue-gas Desulfurization
Plant in its Calcining Plant in Chalmette, Louisiana, U.S.

With the commissioning of

De-scrubber Plant, the Company will be able to use abundantly available low grade Green
Petroleum Cokes to produce Calcined Petroleum Coke at lower cost. Further, the Company
would be able to re-store its CPC Capacity in Chalmette to 230,000 Tons per annum.
C)

Waste-heat Recovery Power Plant in Kurnool Cement Plant:

To optimize the cost of electricity in its Cement Operations, the Company is setting-up a
7 MW Waste-heat Recovery Power Plant (WHR Power Plant) at its existing Cement Plant
in Kurnool, India.

Civil construction work is in progress and the same is within the

scheduled timelines.

WHR Power Plant is expected to commence operations by

March 31, 2016.

D)

Solar Power Plant in Andhra Pradesh:

The Company partnered with SunE Solar B.V. (SunEdison) to develop a 22 MW Solar
Power Plant in Dharmavaram, Anantapur District, Andhra Pradesh (the Solar SPV). The
Company owns 51% shares of Solar SPV and balance 49% owned by SunEdison. Due to
delays in procurement of land, the Government of Andhra Pradesh has extended the
Scheduled Commercial Operations Date for all such Solar Projects until March 2016 and the
Project would be completed within the revised timelines.

Page 3 of 8

Rain Industries Limited

FINANCIAL PERFORMANCE REVIEW AND ANALYSIS Q3 2015 VS. Q3 2014:
Key performance indicators, on a consolidated basis:

Consolidated Net Revenue is INR 26,817 million during the current quarter, a fall of ~10%
compared to INR 29,697 million during Q3 2014.
o

Carbon products sales volume during the current quarter is 771 thousand tons, a decrease
of ~5% compared to 813 thousand tons in Q3 2014 mainly on account of decrease in Pet
coke trading sales volume which was offset by increase in CPC and CTP sales volumes.
Carbon revenues in Indian Rupees decreased during current quarter due to decline in
average blended realization by ~11%, substantially due to depreciation of Euro against
Indian Rupee by ~10% and partly offset by appreciation of US Dollar against Indian Rupee
by ~7%. Overall revenue from Carbon Products business declined by ~9% in Q3 2015; as
compared to Q3 2014.

Chemicals sales volume during the current quarter is 83 thousand tons, an increase of ~2%
compared to 81 thousand tons in Q3 2014. Chemical revenues in Indian Rupees decreased
during current quarter due to decline in average blended realization coupled with
depreciation of Euro against Indian Rupee. Overall revenue from Chemical business
reduced by ~21% in Q3 2015; as compared to Q3 2014.

Cement volume during the current quarter is 561 thousand tons, an increase of ~10%
compared to 512 thousand tons in Q3 2014. With increase in price realization coupled with
higher sales in new markets, Cement revenues increased by 13% in Q3 2015; as compared
to Q3 2014.

Consolidated Operating Profit for the current quarter is INR 3,802 million an increase of ~5%
compared to INR 3,617 million achieved during Q3 2014. Operating Profit increased during
current quarter mainly due to change in product mix and supplemented by savings in other
operating expenses. Operating Profit during Q3 2014 included environmental indemnification
claim of INR 531 million received from prior owners.

Operating Margin has increased to 14% for the current quarter, compared to operating margin
of 12% achieved during Q3 2014.

Page 4 of 8

Rain Industries Limited

During Q3 2015, the Company had a foreign exchange loss of INR 291 million, as compared to
a foreign exchange gain of INR 196 million in Q3 2014. The Foreign Exchange loss in the
current quarter is mainly on account of reinstatement of inter-company loans due to depreciation
of Russian Ruble and Canadian Dollar. Further, the Company has designated certain long term
inter-company loans as Investment in non-integral foreign operations, as per Accounting
Standard 11 with effect from July 1, 2015 and accordingly foreign exchange losses of INR 311
million on account of reinstatement of such inter-company has been transferred to Foreign
Currency Translation Reserve.

Finance cost during the current quarter is INR 1,464 million, a decrease of ~2% compared to
INR 1,489 million during Q3 2014. Even though there is an appreciation of US dollar against
Indian Rupee by 7%, finance cost has reduced on account of pre-payment of Junior
Subordinated Notes of US$ 26.3 million during December 2014 and buy-back of Senior Secured
Notes of US$ 41.4 million during last two quarters, making of scheduled repayment of debt and
translation impact of Euro currency interest cost which is partially offset by increase in bank
debt.

Effective tax rate during the quarter is in-line with the group tax rates in various geographies
which include India, Belgium, Canada, Germany and United States.

Consolidated net profit during the current quarter is INR 1,014 million compared to consolidated
net profit of INR 1,147 million during Q3 2014.

The Company achieved a consolidated EPS of INR 3.02 during the current quarter as compared
to consolidated EPS of INR 3.41 during Q3 2014.

Page 5 of 8

Rain Industries Limited

DEBT ANALYSIS:
As at September 30, 2015, the Company has a consolidated gross debt of US$ 1,151 million
(including working capital debt of US$ 37 million) and Cash and Cash Equivalents of US$ 127
million. The net debt as at the same date is US$ 1,024 million.
(US$ in Million)

Particulars

Sept. 30,
2015

Senior Secured Notes

974

Senior Bank debt

103

85 Floating Rate/ Instalments up to 2020

Sales Tax Deferment

12

13 Interest Free/ Instalments up to 2027

Loan from JV partners

10

Other Debt

15

Gross term debt

Add: Working Capital Debt
Gross Debt
Less: Cash & Cash Equivalents
Net Debt

Dec. 31,
2014

Type of Interest / Repayment Terms

1,035 Fixed Rate/ Bullet repayments in

December 2018 and January 2021

7 Fixed Rates/Un-secured loans

17 Fixed Rates/Includes Finance leases

1,114

1,157

37

54

1,151

1,211

127

145

1,024

1,066

Notes: As substantial part of the consolidated debt is denominated in US Dollars, the Consolidated Debt of
the Company is also presented in US Dollars.

With the existing cash and cash equivalents of US$ 127 million coupled with undrawn revolver
facilities of US$ 214 million, the Company is well placed to meet debt servicing obligations and
complete the capex projects in pipe line. The major debt repayments are scheduled to start only
from CY 2018.

Page 6 of 8

Rain Industries Limited

FOREIGN EXCHANGE RATES:

The Company has used the following average and closing exchange rates for conversion of foreign
currency transactions recorded in Profit and Loss statement and Balance sheet respectively in
preparing the consolidated financial statements.
Average Rate for
Currency

Q3 2015

INR / US Dollar
INR / EURO
RUB / US Dollar
Canadian Dollar / EURO

Q3 2014

64.91
72.20
63.39
1.45

60.59
80.33
37.16
1.43

Closing Rate as at
Currency

Sept. 30, 2015

INR / US Dollar
INR / EURO
RUB / US Dollar
Canadian Dollar / EURO

June 30, 2015

65.74
73.80
65.38
1.50

Variance in %
7%
-10%
71%
1%
Variance in %

Dec. 31, 2014

63.75
71.20
55.73
1.38

Sept.15 Vs Dec.14

63.33
77.00
59.58
1.41

4%
-4%
10%
6%

HISTORICAL PERFORMANCE
INR in Million

Particulars
Income from
Operations(1)
Operating Profit (2)
Net Profit
Adjusted Net Profit (3)

Q3
2015
26,919
3,802
1,014
1,014

Q2
2015

Q1
2015

CY
2014

CY
2013

26,237 25,390 119,370 117,443

4,372
1,451
1,451

3,135
843
843

12,220
885
2,561

14,978
3,845
4,512

CY
2012

CY
2011

CY
2010

53,615

56,395 37,857

11,090
4,577
5,796

13,873
6,641
6,641

7,559
2,407
3,305

Notes:
(1)
Income from Operations is sum of Net Sales and Other Operating Income.
(2)
Operating Profit / EBITDA is Profit before Other Income, Foreign Exchange (Gain) / Loss, Depreciation & Amortisation, Impairment
Loss, Interest, Taxation and Exceptional Items.
(3)
Net Profit is adjusted for exceptional expense or income for the reported period net of the applicable taxes.
(a)

Profit After Tax for CY 2014 is adjusted for incremental pension liability from actuarial losses of INR 1,820 million, Inventory
write down due to fall in oil prices of INR 237 million, Russian ruble currency devaluation impact INR 338 million, impairment
loss of INR 95 million, and tax impact on all these items of INR 814 million.

(b)

Profit After Tax for CY 2013 is adjusted for costs incurred for acquisition of RTGERS of INR 142 million, impairment loss of
INR 1,304 million offset by insurance claim receipts of INR 375 million and tax impact on all these items of INR 404 million.

(c)

Profit After Tax for CY 2012 is adjusted for one time expenditure of INR 1,789 million (net of tax INR 1,219 million) incurred inconnection with the acquisition of RTGERS.

(d) Profit After Tax for CY 2010 is adjusted for net exceptional expenditure of INR 1,249 million (net of tax INR 898 million) with
regard to refinancing of debt.

Page 7 of 8

Rain Industries Limited

About Rain:

Rain is one of the Worlds leading producer of Carbon Products and Specialty Chemicals with 16
operating facilities spread across India, Belgium, Canada, Egypt, Germany, the Netherlands,
Poland and U.S. and the 17th facility, a JV in Russia, is under construction. Rain is also having two
integrated Cement facilities in India and markets its product under the brand Priya Cement.
Carbon Products are comprised of Calcined Petroleum Coke (CPC), Green Petroleum Coke
(GPC), Coal Tar Pitch (CTP), Co-generated Energy and other derivatives of Coal Tar distillation.
Chemicals include the downstream operations of Coal Tar distillation and are comprised of Resins,
Modifiers, Super Plasticizers and other specialty products. The manufacture and sale of Cement
has been classified as Cement.

For further information please contact:

Investor Relations India

Investor Relations US

Anil Kumar Upadhyay

Tel: +91 40 4040 1252
Email: anilkumar@raincii.com

Ryan Tayman
Tel: +1 203 5172 822
Email: rtayman@raincii.com

Safe Harbour: Some of the statements made in this release that are not historical facts can be construed as forward-looking statements.
These forward-looking statements include the Rain Industries Limiteds (RIL) financial and growth projections as well as statements
concerning its plans, strategies, intentions and beliefs concerning its business and the markets in which it operates. These statements
are based on information currently available to RIL, and are not guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors could cause results to materially differ from those stated. These factors include, but are not
limited to, changes in laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange
rates of countries with which RIL does business; competitive pressures, the loss of one or more key customer or supplier relationships;
customer insolvencies, successful integration of structural changes, including restructuring plans, acquisitions divestitures and alliances;
cost and availability of raw materials; and other economic, business, competitive, regulatory and/or operational matters affecting the
Company and its subsidiaries generally. RIL assumes no obligation to update forward-looking statements and takes no responsibility for
any consequence of decisions made based on such statements.

Page 8 of 8

RAIN INDUSTRIES LIMITED

CIN: L26942TG1974PLC001693
Regd. Off: "Rain Center", 34, Srinagar Colony, Hyderabad - 500 073, Telangana State, India. Ph.No.040-40401234; Fax:040-40401214
Email: secretarial@rain-industries.com / www.rain-industries.com
PART I
Statement of Consolidated Unaudited Financial Results for the Quarter and Nine Months ended September 30, 2015
Quarter ended

Particulars
September 30, 2015
1

Income from operations

(a) Net Sales / Income from Operations (Net of excise duty)
(b)

Other Operating Income (See Note 4 below)

Total Income from Operations (net)

Expenses
(a) Cost of Materials Consumed
(b) Purchases of Stock-in-trade
(c) Changes in Inventories of Finished goods, Work-in-progress and Stock-in-trade
(d) Employee Benefits Expense
(e) Depreciation and Amortisation Expense
(f) Impairment Loss
(g) Power and Fuel
(h) Selling and Distribution Expenses
(i) Other Expenses
Total Expenses

June 30, 2015

(Rupees in lakhs)
Nine Months ended

September 30, 2014

Unaudited

September 30, 2015

Year ended

September 30, 2014

December 31, 2014

Audited

268,173

260,997

296,971

782,062

914,374

1,012

1,368

6,240

3,385

18,197

1,173,364
20,335

269,185

262,365

303,211

785,447

932,571

1,193,699

79,617
62,507
(2,161)
24,082
8,276
13,350
23,562
30,208
239,441

73,750
55,794
444
24,477
8,160
11,844
22,129
30,210
226,808

123,485
49,960
(3,665)
23,942
8,483
15,633
23,124
34,565
275,527

236,450
173,114
(5,341)
72,009
24,365
39,968
69,249
86,912
696,726

361,350
160,739
15,249
73,624
25,923
46,192
66,892
102,092
852,061

454,499
222,651
11,893
97,670
34,698
952
60,518
89,705
134,563
1,107,149

Profit from Operations before Other Income, Foreign Exchange (Gain)/Loss, Finance Costs,
Exceptional items, Tax, Share of Profit/(Loss) of Associates and Minority Interest (1-2)

29,744

35,557

27,684

88,721

80,510

86,550

4
5
6

1,134
2,905
27,973

1,318
1,471
35,404

769
(1,959)
30,412

3,171
(213)
92,105

1,814
(3,237)
85,561

3,690
(2,088)
92,328

7
8

Other Income
Foreign Exchange (Gain)/Loss
Profit before Finance Costs, Exceptional items, Tax, Share of Profit/(Loss) of Associates and Minority
Interest (3+4-5)
Finance Costs
Profit Before Exceptional items, Tax, Share of Profit/(Loss) of Associates and Minority Interest (6-7)

14,636
13,337

14,226
21,178

14,892
15,520

43,176
48,929

45,963
39,598

60,785
31,543

9
10
11
12
13
14
15
16
17
18

Exceptional items (See Note 7 below)

Profit Before Tax, Share of Profit/(Loss) of Associates and Minority Interest (8-9)
Tax Expense / (benefit)
Net Profit for the Period before Share of Profit/(Loss) of Associates and Minority Interest (10-11)
Share of Profit/(Loss) of Associates
Minority Interest
Net Profit for the period/year (12+13+14)
Paid-up Equity Share Capital - Face Value Rs. 2/- each
Reserves excluding Revaluation Reserves
Earnings Per Share - Basic and Diluted (of Rs. 2/- each)

13,337
4,262
9,075
1,067
10,142
6,727
3.02
(not annualised)

21,178
6,804
14,374
139
14,513
6,727
4.31
(not annualised)

15,520
4,638
10,882
584
11,466
6,727
3.41
(not annualised)

48,929
16,860
32,069
1,019
33,088
6,727
9.84
(not annualised)

39,598
11,041
28,557
15
252
28,824
6,727
8.57
(not annualised)

25,774
5,769
(1,206)
6,975
(12)
1,890
8,853
6,727
287,851
2.63

(See accompanying notes to the Consolidated Unaudited Financial Results)

PART II
Quarter ended
September 30, 2015
A

PARTICULARS OF SHAREHOLDING
1 Public shareholding
- Number of Shares
- Percentage of Shareholding
2 Promoters and Promoter Group Shareholding
(a) Pledged / Encumbered
- Number of Shares
- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share Capital of the Company)
(b) Non - encumbered
- Number of Shares
- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share Capital of the Company)

INVESTOR COMPLAINTS

Nine Months ended

June 30, 2015

Year ended

September 30, 2014

September 30, 2015

September 30, 2014

December 31, 2014

198,115,143
58.90%

198,115,143
58.90%

198,882,219
59.13%

198,115,143
58.90%

198,882,219
59.13%

198,882,219
59.13%

138,230,536

138,230,536

137,463,460

138,230,536

137,463,460

137,463,460

25,316,465
18.31%
7.53%

25,316,465
18.31%
7.53%

25,316,465
18.42%
7.53%

25,316,465
18.31%
7.53%

25,316,465
18.42%
7.53%

25,316,465
18.42%
7.53%

112,914,071
81.69%
33.57%

112,914,071
81.69%
33.57%

112,146,995
81.58%
33.34%

112,914,071
81.69%
33.57%

112,146,995
81.58%
33.34%

112,146,995
81.58%
33.34%

Quarter ended
September 30, 2015
-Nil20
20
-Nil-

Pending at the beginning of the quarter

Received during the quarter
Disposed off during the quarter
Remaining unresolved at the end of the quarter
Notes:
1

The Consolidated Unaudited Financial Results were reviewed by the Audit Committee on November 9, 2015 and approved by the Board of Directors at their meetings held on November 10, 2015.

The Consolidated Unaudited Financial Results for the quarter and nine months ended September 30, 2015 have been subjected to a 'Limited Review' by the Statutory Auditors of the Company. An unqualified report has been issued by them thereon.

The Consolidated Unaudited Financial Results have been prepared in accordance with Accounting Standard 21 - Consolidated Financial Statements, notified under section 133 of the Companies Act, 2013, read with Rule 7 of Companies (Accounts) Rules,
2014, guidelines issued by the Securities and Exchange Board of India and other accounting principles generally accepted in India.

The Company has been indemnified in relation to certain environmental expenditure, as per the terms of a prior acquisition made by the Company. Based on completion of due process as per the terms of the agreement, the Company has recognised claim
amount of Rs. 5,326 lakhs and Rs. 5,313 lakhs during the quarters ended June 30, 2014 and September 30, 2014 respectively. The total claim amount recognised for the nine months ended September 30, 2014 and year ended December 31, 2014 was Rs.
15,016 Lakhs. Such indemnification claims for the quarter and nine months ended September 30, 2015 was Rs. Nil.

The Company has filed a scheme of arrangement on July 8, 2015 with National Stock exchange (NSE), Bombay Stock Exchange (BSE) and Securities Exchange Board of India (SEBI) for merger of Moonglow Company Business Inc, a step down
wholly owned subsidiary, with the Company. The Company received the requisite approvals from BSE and NSE on September 14, 2015 and September 15, 2015, respectively, for filing the scheme of arrangement with Honourable High Court of Andhra
Pradesh and Telangana. The Company filed the scheme of arrangement on November 6, 2015 with Honourable High Court of Andhra Pradesh and Telangana. The Company will incorporate the necessary accounting treatment once the scheme is approved by
the Honourable High Court.

On August 14, 2015, Rain Cements Limited ("RCL", a subsidiary of Rain Industries Limited) has entered into the agreement with SunE Solar B.V. ("SunEdision") for sale of 49% share in Rain Coke Limited. Pursuant to the aforesaid agreement, RCL has
transferred 6,497,400 shares of Rs. 10 each to SunEdision.

The Group supports its overseas subsidiaries through long term loans wherever required and in respect of any loan, which is considered in substance a part of the net investment in a non-integral foreign operation, the exchange difference arising on translation
of such loans will be accumulated in foreign currency translation reserve as per Accounting Standard 11 The Effects of Changes in Foreign Exchange Rates. During the quarter, the Group has designated certain long term loans effective July 1, 2015 as such
and accordingly exchange differences amounting to Rs. 3,109 Lakhs has been transferred to foreign exchange translation reserve.

Exceptional items include:

(Rupees in lakhs)
Particulars

Incremental pension liability resulting from actuarial losses (due to significant fall in interest rates in
Europe)
Inventory write-down, resulting from abnormal fall in net realizable value, due to sharp decline in prices
of inputs
Foreign exchange loss resulting from substantial depreciation of Russian Ruble against US Dollar

Quarter ended
September 30, 2015

June 30, 2015

September 30, 2014

Nine Months ended

September 30, 2015

September 30, 2014

December 31, 2014

18,198

2,369
5,207

Certain Standalone information of the Company:

(Rupees in lakhs)
Quarter ended

Particulars
Net Sales / Income from Operations (Net of excise duty)
Profit/(Loss) Before Tax (including Other Income)
Profit/(Loss) After Tax
10

September 30, 2015

June 30, 2015

3,123
3,128
3,117

Nine Months ended

September 30, 2014

2,868
(250)
(262)

155
3,482
2,582

September 30, 2015

Year ended

September 30, 2014

6,309
2,898
2,860

December 31, 2014

499
3,594
2,693

773
3,400
2,458

Segment wise Revenue, Results and Capital Employed:

The Company has considered business segment as the primary segment for reporting. The products considered for business segment are:
(a) Carbon Products
(b) Chemicals
(c) Cement

(Rupees in lakhs)

Quarter ended

Nine Months ended

Year ended

Particulars
September 30, 2015
1) Segment Revenue
(a) Carbon Products
(b) Chemicals
(c) Cement
Total
Less: Inter Segment Revenue
Net Sales / Income from Operations (Net of excise duty)
2) Segment Results
Profit before Other Income, Foreign Exchange (Gain)/Loss, Finance Costs and Exceptional items from
each segment
(a) Carbon Products
(b) Chemicals
(c) Cement
Total
Less: i) Finance Costs
ii) Other Income
iii) Foreign Exchange (Gain)/Loss
iv) Exceptional items
Total Profit Before Tax
3) Capital Employed
(Segment Assets Segment Liabilities)
(a) Carbon Products
(b) Chemicals
(c) Cement
(d) Unallocated
Total

June 30, 2015

September 30, 2014

September 30, 2015

September 30, 2014

December 31, 2014

202,455
57,734
26,451
286,640
18,467
268,173

185,900
64,517
26,765
277,182
16,185
260,997

218,871
74,174
23,304
316,349
19,378
296,971

570,331
181,107
79,450
830,888
48,826
782,062

680,507
226,711
64,357
971,575
57,201
914,374

869,261
294,730
87,364
1,251,355
77,991
1,173,364

24,637
2,028
3,079
29,744
14,636
(1,134)
2,905
13,337

27,400
4,729
3,428
35,557
14,226
(1,318)
1,471
21,178

24,131
2,423
1,130
27,684
14,892
(769)
(1,959)
15,520

69,813
9,395
9,513
88,721
43,176
(3,171)
(213)
48,929

69,081
12,690
(1,261)
80,510
45,963
(1,814)
(3,237)
39,598

76,690
9,204
656
86,550
60,785
(3,690)
(2,088)
25,774
5,769

839,591
172,061
49,840
(26,109)
1,035,383

810,198
158,237
50,017
(23,111)
995,341

854,311
196,505
47,251
(25,326)
1,072,741

839,591
172,061
49,840
(26,109)
1,035,383

854,311
196,505
47,251
(25,326)
1,072,741

821,421
170,322
47,416
(9,472)
1,029,687

11

The figures of the previous year / periods have been regrouped / reclassified, wherever considered necessary to correspond with the current period's classification / disclosure.

12

The Investors can view Standalone Unaudited Financial Results of the Company on the Company's website www.rain-industries.com or on the BSE Limited website www.bseindia.com or on the National Stock Exchange of India Limited website
www.nseindia.com.
By order of the Board
for Rain Industries Limited

Place: Hyderabad
Date: November 10, 2015

N. Jagan Mohan Reddy

Managing Director
DIN:00017633

RAIN INDUSTRIES LIMITED

CIN: L26942TG1974PLC001693
Regd. Off: "Rain Center", 34, Srinagar Colony, Hyderabad - 500 073, Telangana State, India. Ph.No.040-40401234; Fax:040-40401214
Email: secretarial@rain-industries.com / www.rain-industries.com
PART I
Statement of Standalone Unaudited Financial Results for the Quarter and Nine Months ended September 30, 2015
Quarter ended

Particulars
September 30, 2015

June 30, 2015

(Rupees in lakhs)
Nine Months ended

September 30, 2014

Unaudited

Year ended

September 30, 2015

September 30, 2014

December 31, 2014

Audited

Income from operations

(a) Net Sales / Income from Operations (Net of excise duty)

3,123

2,868

155

6,309

499

773

Expenses
(a) Purchases of Stock-in-trade
(b) Employee Benefits Expense
(c) Depreciation Expense
(d) Other Expenses
Total Expenses

2,922
171
39
96
3,228

2,656
162
65
160
3,043

149
13
132
294

5,578
493
117
513
6,701

422
38
430
890

572
52
652
1,276

3
4
5
6
7
8

Loss from Operations before Other Income, Foreign Exchange (Gain)/Loss, Finance Costs and
Tax (1-2)
Other Income (See Note 3 below)
Foreign Exchange (Gain)/Loss
Profit/(Loss) before Finance Costs and Tax (3+4-5)
Finance Costs
Profit/(Loss) before Tax (6-7)

9
10
11
12
13

Tax Expense
Net Profit/(Loss) for the period/year (8-9)
Paid-up Equity Share Capital - Face Value Rs. 2/- each
Reserves excluding Revaluation Reserves
Earnings/(Loss) Per Share - Basic & Diluted (of Rs. 2/- each)

(See accompanying notes to the Standalone Unaudited Financial Results)

(105)

(175)

(139)

3,664
167
3,392
264
3,128

326
129
22
272
(250)

4,172
230
3,803
321
3,482

11
3,117

12
(262)
6,727
(0.08)
(not annualised)

6,727

0.93
(not annualised)

900
2,582
6,727
0.77
(not annualised)

(392)

(391)

(503)

4,334
223
3,719
821
2,898

5,007
(47)
4,663
1,069
3,594

5,469
(650)
5,616
2,216
3,400

38
2,860
6,727
0.85
(not annualised)

901
2,693
6,727
0.80
(not annualised)

942
2,458
6,727
25,227
0.73

PART II
Quarter ended
September 30, 2015
A

PARTICULARS OF SHAREHOLDING
1 Public shareholding
- Number of Shares
- Percentage of Shareholding
2 Promoters and Promoter Group Shareholding
(a) Pledged / Encumbered
- Number of Shares
. - Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share Capital of the Company)
(b) Non - encumbered
- Number of Shares
- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)
- Percentage of Shares (as a % of the total Share Capital of the Company)
INVESTOR COMPLAINTS

Nine Months ended

June 30, 2015

Year ended

September 30, 2014

September 30, 2015

September 30, 2014

December 31, 2014

198,115,143
58.90%

198,115,143
58.90%

198,882,219
59.13%

198,115,143
58.90%

198,882,219
59.13%

198,882,219
59.13%

138,230,536

138,230,536

137,463,460

138,230,536

137,463,460

137,463,460

25,316,465
18.31%
7.53%

25,316,465
18.31%
7.53%

25,316,465
18.42%
7.53%

25,316,465
18.31%
7.53%

25,316,465
18.42%
7.53%

25,316,465
18.42%
7.53%

112,914,071
81.69%
33.57%

112,914,071
81.69%
33.57%

112,146,995
81.58%
33.34%

112,914,071
81.69%
33.57%

112,146,995
81.58%
33.34%

112,146,995
81.58%
33.34%

Quarter ended
September 30, 2015
-Nil20
20
-Nil-

Pending at the beginning of the quarter

Received during the quarter
Disposed off during the quarter
Remaining unresolved at the end of the quarter
Notes:
1

The Standalone Unaudited Financial Results were reviewed by the Audit Committee on November 9, 2015 and approved by the Board of Directors at their meeting held on November 10, 2015.

The Standalone Unaudited Financial Results for the quarter and nine months ended September 30, 2015 have been subjected to a 'Limited Review' by the Statutory Auditors of the Company. An unqualified report has been issued by them thereon.

Other income inclusive of:

(Rupees in lakhs)
Quarter ended

Particulars
Dividends from Subsidiary Companies
Interest on Deposits with Banks and Others

September 30, 2015

3,368
296

Nine Months ended

June 30, 2015

326

Year ended

September 30, 2014

3,692

September 30, 2015

3,368

September 30, 2014

3,692

December 31, 2014

3,692

480

966

1,314

1,776

The segment results are included in Consolidated Unaudited Financial Results in compliance with Accounting Standard - 17 "Segment Reporting".

The figures of the previous year / periods have been regrouped / reclassified, wherever considered necessary to correspond with the current period's classification / disclosure.

By order of the Board

for Rain Industries Limited

Place: Hyderabad
Date: November 10, 2015

N. Jagan Mohan Reddy

Managing Director
DIN:00017633