RAIN Industries has announced a board meeting to review the financial results for the quarter and half-year.

Consolidated net revenue rose 2.4% YoY to ₹3746 Cr, driven by a 10.8% revenue increase in Carbon segment from higher CPC volumes after import restrictions eased.

Adjusted EBITDA improved by ₹108 Cr, mainly from Carbon gains, offsetting declines in Advanced Materials and Cement segments.

Challenges include raw material shortages impacting Advanced Materials in Europe and a 21.5% revenue drop in Cement due to volume and pricing pressures.

Debt stands at $989M, with net debt/EBITDA at 4.5x. Strategic initiatives target EV battery materials growth via US CPC imports, global blending, and a new Canada R&D facility.