Pls find attached Revised Financial Results for the Quarter and year ended on 31st March, 2025
RACE · price
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Race Eco Chain has re-submitted its audited financial results for FY25 in response to a BSE query. On a consolidated basis, revenue from operations grew ~60% to Rs. 55,509.54 lakhs (vs Rs. 34,748.13 lakhs in FY24), while net profit jumped ~171% to Rs. 419.47 lakhs (vs Rs. 154.70 lakhs). Standalone revenue rose ~36% to Rs. 46,029.91 lakhs with net profit up ~74% to Rs. 269.66 lakhs. The Recycle Division remains the key growth driver, while the Biomass Division saw revenue decline. The company expanded its group by acquiring stakes in three subsidiaries (Silverline Eco Thrive, Ganesha Recycling Chain, Vasundhara Envirogreen) and made a strategic investment in Prime Industries. However, operating cash flow was sharply negative at Rs. -4,286.29 lakhs (consolidated) due to a large build-up in trade receivables.
Strong top-line and bottom-line growth should be positive for shareholders, though the deeply negative operating cash flow and surging receivables (trade receivables nearly doubled to Rs. 9,509.66 lakhs standalone) signal working capital stress that warrants close monitoring. Short-term borrowings also rose ~59% to Rs. 5,845.06 lakhs.