Rain Industries Limited - Earnings Presentation on Un-Audited Financial Results (Standalone, Consolidated and Segment) for the Third Quarter ended September 30, 2026.

RAIN INDUSTRIES LIMITED Date: November 6, 2026 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra East Mumbai-400 001 Mumbai – 400 051 Dear Sir/Madam, Sub: Earnings Presentation – Reg. Ref : Scrip Code: 500339 (BSE) & Scrip code : RAIN (NSE) With reference to the above stated subject, please find enclosed herewith Rain Industries Limited Earnings Presentation on Unaudited Financial Results for the third quarter ended September 30, 2026. This is for your information and records. Thanking you, Yours faithfully, for Rain Industries Limited S. Venkat Ramana Reddy Company Secretary Regd. Office: Rain Center Phone : +91 (40) 40401234 34, Srinagar Colony Fax: + 91 (40) 40401214 Hyderabad 500073 Email:secretarial@rain-industires.com Telangana, India Website: www.rain-industries.com CIN:L26942TG1974PLC001693 RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 2026 A leading vertically integrated global producer of carbon, cement and advanced Investor Relations Contact: materials. RAIN converts by-products of oil refining and steel production into high-value carbon-based products for the aluminium, graphite, carbon black and specialty chemicals India Email: investorrelations@rain-industries.com industries, and produces cement for the South Indian market. Longstanding customer and Main Phone: +91 40 4040 1234 supplier relationships, an integrated global logistics network and process flexibility position us to capitalise on opportunities across established and emerging markets. US Email: investorrelations@raincarbon.com Main Phone:+1 985 635 3400 Related image Forward-Looking Statements This presentation contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including our statements addressing our expectations for segment volumes and earnings, the factors we expect to impact earnings in each segment, demand for our products, our expected uses of cash, and our expected tax rate, are forward looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict. If known or unknown risks materialize, or should underlying assumptions prove inaccurate, our actual results could differ materially from past results and from those expressed in the forward-looking statements. Important factors that could cause our results to differ materially from those expressed in the forward-looking statements include, but are not limited to lower than expected demand for our products; the loss of one or more of our important customers; our failure to develop new products or to keep pace with technological developments; patent rights of others; the timely commercialization of products under development (which may be disrupted or delayed by technical difficulties, market acceptance, competitors' new products, as well as difficulties in moving from the experimental stage to the production stage); changes in raw material costs; demand for our customers' products; competitors' reactions to market conditions; delays in the successful integration of structural changes, including acquisitions or joint ventures; the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries where we do business; and severe weather events that cause business interruptions, including plant and power outages or disruptions in supplier or customer operations. Safety Performance Safety is the cornerstone of our culture o 9M 2026 TRIR of 0.22 is in line with leading 0.24 chemical and industrial benchmarks. o Objective: return to a year-end TRIR at or below 0.22 0.15 by the end of 2026. o Several facilities reached record days without a recordable incident. 0.16 0.13 0.11 2022 2023 2024 2025 9M Sep 2026 TRIR Note: Total Recordable Incident Rate (“TRIR”) is reported in accordance with OSHA guidelines. Until 2023, reporting covered only Carbon and Advanced Materials segments. Beginning in 2024, TRIR reporting includes all three business segments. Key Highlights – Q3 2026 EARNINGS PERFORMANCE — Q3 2026 ADJUSTED EPS REVENUE FROM ADJUSTED EBITDA ADJUSTED PAT OPERATIONS ₹6.05 ₹8.57 Billion ₹2.04 Billion ₹54.86 Billion ▲ 32% vs Q3’25 Net profit after tax Earnings per share ▲ 23% vs Q3’25 (not annualised) BALANCE SHEET & LIQUIDITY TOTAL LIQUIDITY CAPITAL EXPENDITURE DEBT MATURITY RUNWAY US$345 Million US$46 Million Oct 2028 Cash US$165 Mn + Undrawn US$180 Mn Nine months ended September 2026 No significant term maturities until then Aluminium Market Update Not to Scale Primary Aluminium Production Growth - in Thousand Tonnes 29,636 30,340 29,240 31,564 43,109 43,671 44,650 44,955 2024 2025 2026 (F) 2027 (F) China Rest of World LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$) per MT) T M) 3.5 )T M n1.5 3 re illiM Y R O N0.1 1122 .. 55 $ 0 0 0 ( V 0.5 U 0 0 E Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026 L Inventory LME Quote • Middle East disruptions constrain supply; full recovery could take up to a year after hostilities cease. • US and European smelters ramp up idle capacity; LME prices remain near highs and inventories near lows. • Long-term fundamentals remain strong; near-term demand faces energy, financing, trade and geopolitical risks. Price Trend of Key Products and Natural Gas 1,338 1,376 Not to Scale 1,239 1,075 1,026 864 851 882 Benzene prices 635 709 663 625 612 610 704 678 853 685 843 declined during Q3 559 562 505 600 582 455 498 480 450 460 435 440 411 498 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Fuel Oil 1% $/Ton Benzene $/Ton Naphtha $/Ton 200 Brent Oil & Natural Gas 78 85 82 74 74 73 71 68 85 100 at 12-quarter high 46 53 34 43 45 36 27 36 37 33 37 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Brent Oil $/bbl Natural Gas €/MWh Consolidated Revenue and EBITDA Q3 2026 (₹ in Billions) ₹ 2.45 ₹ 0.33 ₹ 54.24 ₹ 7.11 ₹ 0.37 ₹ 44.35 ₹ 2.03 ₹ 8.57 -₹ 0.31 ₹ 6.48 Q3 CY25 Carbon Advanced Cement Q3 CY26 Q3 CY25 Carbon Advanced Cement Q3 CY26 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts not to scale. USD and EUR appreciated 9.5% and 7.8% vs INR year-on-year, benefiting revenue and EBITDA. Carbon: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 2,593 Q3 2026 vs Q3 2025 124.98 ▪ Revenue increased 22%, driven by 19.97 o Higher realisations in Calcination and Distillation, supported by US Dollar and Euro appreciation against the Indian Rupee. o Partly offset by lower Calcination volumes due to shipment timing. ▪ Adjusted EBITDA increased 38%, driven by 8.11 o Margin contribution from lower-cost 7.42 inventory carried over from earlier 39.79 37.70 periods. 673 5.39 619 594 32.68 o Disciplined cost management and favourable foreign exchange movements. Volumes (MT 000) Revenue Adj EBITDA (₹ in Billions) (₹ in Billions) Advanced Materials: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 Q3 2026 vs Q3 2025 31.62 ▪ Revenue increased 28%, driven by 2.20 o Supply-driven price increases, supported by Euro appreciation of approximately 7.8% against the Indian Rupee. 1.68 o Higher Chemical Intermediates volumes, reflecting improved demand 1.26 and customer engagement. ▪ Adjusted EBITDA increased 42%, 0.89 driven by o Improved margins from disciplined 76 75 11.36 cost and pricing management and 71 10.73 favourable currency movements, 8.91 despite volatile raw material and energy costs. Volumes (MT 000) Revenue Adj EBITDA (₹ in Billions) (₹ in Billions) Cement: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 Q3 2026 vs Q3 2025 ▪ Revenue increased 12% driven by 1 [Showing first 8,000 characters — download PDF for full document]