Race Eco Chain Limited has informed the Exchange regarding Board meeting held on August 12, 2025 for the Declaration of the Financial Results for the Quarter ending on 30th June, 2025
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Race Eco Chain's board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited results. On a standalone basis, revenue from operations rose about 14.7% year-on-year to ₹9,881.38 lakhs, but profit after tax dropped sharply to ₹10.24 lakhs from ₹36.19 lakhs a year ago, mainly because finance costs nearly doubled to ₹155.01 lakhs. Earnings per share on a standalone basis fell to ₹0.06 from ₹0.22. The consolidated picture was much stronger, with revenue jumping roughly 81% YoY to ₹15,672.60 lakhs and consolidated profit after tax rising to ₹41.36 lakhs from ₹10.38 lakhs, helped by contributions from subsidiaries. The board also appointed M/s SSAR & Associates as the new internal auditor for FY26, M/s HKS & Associates LLP as the secretarial auditor for five years starting FY26 (subject to shareholder approval), and approved the FY25 annual report. The auditor's limited review report is clean, with no qualifications or observations.
Standalone profitability has weakened despite revenue growth, dragged down by sharply higher interest costs — a concern for shareholders watching margins. The consolidated numbers look healthier thanks to new subsidiaries, but investors should track whether standalone finance costs and PAT recover in the coming quarters before taking comfort in the headline growth.