Pls find enclosed Financial Results
RACE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Race Eco Chain Ltd reported standalone revenue of Rs 38,182.48 lakhs for FY26, down 17% from Rs 46,029.91 lakhs in FY25. Standalone profit after tax declined to Rs 229.62 lakhs from Rs 375.76 lakhs, a 39% fall. On a consolidated basis, the company performed better with revenue growing 11.5% to Rs 61,875.49 lakhs and consolidated PAT rising 74% to Rs 729.47 lakhs. The improvement was driven by new subsidiary acquisitions including Ganesha Recycling Chain and Grassland Private (51% stake acquired in March 2026). Finance costs nearly doubled to Rs 760.41 lakhs on standalone basis due to increased borrowings. The company also appointed Mr. Sujeet Thakur as CFO with immediate effect. Auditors issued an unmodified opinion.
The standalone results show a concerning revenue and profit decline, but the consolidated picture is much stronger due to new acquisitions. The sharp increase in finance costs and borrowings raises concerns about leverage. Investors should monitor whether the new subsidiaries can sustain the consolidated growth trajectory.