Eco Recycling Limited - Q2 FY26 Investor Presentation Company V3
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Awaiting price reaction for this filing.
Eco Recycling (Ecoreco), India's pioneer and the only BSE-listed e-waste recycler, shared its Q2 FY26 results in an investor presentation. Total income rose modestly YoY (₹13.91 Cr to ₹14.48 Cr in Q2; ₹27.35 Cr to ₹28.10 Cr in H1), but profitability took a heavy hit as raw material costs jumped nearly 4x (₹1.52 Cr to ₹6.10 Cr in Q2). EBITDA collapsed 29% YoY to ₹7.25 Cr in Q2 (margin falling from ~74% to ~50%), and net profit dropped 32% to ₹5.60 Cr. Despite the quarterly pressure, the company remains debt-free with FY25 revenue of ₹46.30 Cr, EBITDA of ₹33.32 Cr, PAT of ₹23.28 Cr, ROE of 32%, and ROCE of 34%. It holds 31,200 MTPA recycling capacity, operates across 120+ countries, and is part of the global TERRA network.
Sharp Q2 margin compression is a near-term negative for the stock, especially with raw material costs surprising on the upside — though the company's debt-free balance sheet, strong return ratios, and sole BSE-listed status in India's fast-growing (13.5% CAGR) e-waste industry continue to support its long-term investment case.