Edition:
India

Rain Industries Ltd (RAID.NS)

RAID.NS on National Stock Exchange of India

95.95INR
3:58pm IST
Change (% chg)

Rs2.90 (+3.12%)
Prev Close
Rs93.05
Open
Rs93.10
Day's High
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Rs93.10
Volume
1,583,404
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Rs128.80
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Rs44.75

Latest Key Developments (Source: Significant Developments)

India's Rain Industries Posts Dec-Qtr Consol Net Loss Attributable
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Rain Industries Ltd ::DEC QUARTER CONSOL NET LOSS ATTRIBUTABLE 1.39 BILLION RUPEES VERSUS PROFIT OF 3.07 BILLION RUPEES YEAR AGO.DEC QUARTER CONSOL REVENUE FROM OPERATIONS 34.44 BILLION RUPEES VERSUS 31.46 BILLION RUPEES YEAR AGO.  Full Article

Rain Industries Sees Delay In Collecting Receivable From Customer In Venezuela in Q4
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Rain Industries Ltd ::RAIN INDUSTRIES - IN Q4, THERE WILL BE DELAY IN COLLECTING RECEIVABLE FROM ITS CUSTOMER IN VENEZUELA.RAIN INDUSTRIES - DECIDED TO MAKE AN ALLOWANCE FOR DOUBTFUL RECEIVABLES OF $10.85 MILLION DURING THE DECEMBER 2018 QUARTER.SAYS OPERATING MARGINS WERE ALSO AFFECTED BY THE REVALUING OF INVENTORY DUE TO THE PRICING ENVIRONMENT.EXPECTED THAT DECLINE IN PRICE OF FINISHED PRODUCT WILL OUTPACE DECLINE IN COST OF INVENTORY, LEADING TO MARGIN PRESSURE IN DEC-QUARTER.  Full Article