Stock In Focus: Rain Industries Shares Jump 4% Amid Crude Oil Volatility

Rain Industries shares climbed over 4% on Monday, August 24, as continued volatility in crude oil prices kept commodity-linked stocks on investors' radar. The move also came against the backdrop of a strong quarterly performance from the company, with its Carbon and Advanced Materials businesses reporting healthy growth.

On the BSE, the stock opened at Rs 211.75, touched an intraday high of Rs 218.35 and a low of Rs 209.15 during the session.

Crude prices have stayed elevated on concerns over potential supply disruptions in the Middle East, following renewed US sanctions on Iran and the prospect of further restrictions. The added geopolitical risk has kept oil markets volatile, prompting investors to watch for its impact on global supply chains and energy-linked sectors.

Brent crude eased to around $93 a barrel after climbing nearly 13% over the previous two weeks, while WTI held near $86 a barrel. Markets are now awaiting further clarity on Washington's next steps to tighten economic pressure on Tehran, with US Treasury Secretary Scott Bessent expected to detail the measures at a press conference. He has also called on US allies to back the effort in an interview with CNBC.

Crude has gained more than 50% this year as the six-month-old US-Iran conflict continues to disrupt the flow of crude and refined products globally. Any further escalation could also involve China, Iran's largest crude buyer, raising concerns over retaliation and wider economic fallout.

Rain Industries Financial Performance

Rain Industries' quarterly numbers provided another factor supporting investor interest in the stock. The company's Q2 CY26 revenue stood at Rs 5,167 crore, up 14.3% quarter-on-quarter and 17.4% year-on-year, with growth led by the Carbon and Advanced Materials segments while Cement remained subdued.

Gross profit increased 29.3% year-on-year and 17% sequentially to Rs 2,450 crore, taking the gross margin to 47.4%. EBITDA rose 53.2% year-on-year and 38.4% quarter-on-quarter to Rs 964 crore, while the EBITDA margin improved to 18.7% from 14.3% in Q2 CY25 and 15.4% in Q1 CY26.

Net profit more than quadrupled year-on-year to Rs 341 crore, compared with Rs 83 crore in Q2 CY25 and Rs 158 crore in Q1 CY26. PAT margin stood at 6.6%, while basic EPS increased to Rs 8.81 from Rs 1.80 a year earlier.

Carbon revenue rose 17.9% year-on-year to Rs 4,021 crore, supported by higher realisations and calcination volumes. Operating profit for the segment increased 33.6% to Rs 773 crore, while its margin expanded to 19.2%.

Advanced Materials revenue grew 26.3% year-on-year to Rs 1,198 crore, helped by higher volumes in chemical intermediates and resins and improving customer demand. Operating profit jumped 190.5% to Rs 161 crore, with the margin expanding to 13.4%.

Cement remained the weaker segment, with revenue declining 8.9% year-on-year to Rs 297 crore amid intense competition in South India. The segment, however, returned to profitability, reporting an operating profit of Rs 6 crore against a loss of Rs 1 crore in the previous quarter.

Global aluminium supply also remained tight during the quarter due to partial disruptions at Middle Eastern smelters, supporting demand and pricing for Rain Industries' CPC and CTP products.

Rain Industries Share Price

Rain Industries shares opened at Rs 211.75 on the BSE on Monday and touched an intraday high of Rs 218.35 and a low of Rs 209.15.

At the time of writing, the stock was trading around the day's higher levels after gaining more than 4% during the session.

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