Mumbai, August 7Rain Industries, a diversified company with business interest in metals and cement, reported that its net profit in the June quarter (Q2 for the company) was up over four times to ₹341 crore, against ₹83 crore logged in the same period last year, on better realisation.Revenue increased to ₹5,167 crore (₹4,401 crore), driven largely by the increase in the sales price of products, but was marginally offset by lower volumes.It has announced an interim dividend of ₹1 per equity share.The company operates through two main subsidiaries -- Rain Carbon Inc and Rain Cements.It has 17 manufacturing facilities across eight countries.EBITDA was up 61 per cent at ₹994 crore in the quarter.The improvement in performance was supported by steady improvement in the distillation business, favourable inventory pricing, including the benefit of lower-cost inventory from the earlier quarter flowing through cost of sales, disciplined cost management, and positive foreign exchange translation benefits, said the company.Overall performance improved meaningfully, although it should be viewed in the context of lower overall volumes, particularly in Carbon Calcination, it added.Jagan Reddy Nellore, Managing Director, Rain Industries, said while the quarter represents an important step towards the upper end of the historical quarterly EBITDA range, the company is mindful that the operating environment remains highly fluid, with several global geopolitical, energy, logistics, and market-related variables that remain difficult to predict with confidence.“While the quarter’s performance is positive, we believe it is appropriate to view it with measured optimism and continued discipline,” he said.If Aluminium Smelters or Oil Refineries in the Persian Gulf region cannot receive raw materials or ship out their finished products due to logistical blockages, they may curtail their production, driving competitors outside the region to then increase their own production to fill global market gaps.“We recognise that the on-going uncertainties have created some level of concern among customers of calcined petroleum coke, particularly about the elevated price trend,” he added.Published on August 7, 2026