Race Eco Chain Limited has informed the Exchange the Presentation on Audited Financial Results for the Year ended on 31st March, 2025
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Race Eco Chain reported strong FY25 results with standalone operating revenue of ₹460.30 crore, up 36% YoY, while PAT jumped 140% to ₹3.76 crore and EBITDA grew 52% to ₹8.38 crore. Consolidated revenue rose 60% to ₹555.10 crore with PAT up 171% to ₹4.19 crore. The Plastic Packaging Waste segment drove growth (revenue up 48% to ₹432.65 crore, 95,318 MT aggregated), but the Biofuel division declined sharply (revenue down 58% to ₹18.71 crore) due to supply chain disruptions, which management is restructuring. The RESTORE segment delivered a turnaround with revenue up 282% YoY. Key strategic moves include a JV with Ganesha Ecosphere to set up PET washing lines, acquisition of Vasundhara Envirogreen, and a proposed demerger of business segments into three entities.
Strong top-line growth and sharp PAT expansion signal improving operational leverage, though margins remain thin (EBITDA margin ~1.8% standalone). The proposed demerger and new partnerships/JVs could unlock value for shareholders by creating focused entities, while the Biofuel segment remains a near-term drag. Investors should watch execution on the restructuring and the new ventures.