Race Eco Chain Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
RACE · price
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Race Eco Chain Limited reported its unaudited Q1 FY26 results (quarter ended June 30, 2025). On a consolidated basis, revenue from operations jumped about 81% YoY to Rs. 15,672.60 lakhs (from Rs. 8,644.42 lakhs), driven by the Recycle Division. Consolidated profit after tax surged to Rs. 41.36 lakhs from Rs. 10.38 lakhs a year ago, and EPS rose to Rs. 1.13 from Rs. 0.06. On a standalone basis, revenue grew roughly 15% YoY to Rs. 9,881.38 lakhs, but profit after tax actually fell to Rs. 10.24 lakhs from Rs. 36.19 lakhs due to sharply higher finance costs (up nearly 86% YoY to Rs. 155 lakhs). The board also approved the FY25 Annual Report and appointed M/s SSAR & Associates as internal auditor and M/s HKS & Associates LLP as secretarial auditor for five years.
Strong top-line growth and a big jump in consolidated profits should be positive for the stock, especially with the Recycle Division scaling up via subsidiaries. However, the weak standalone earnings and rising interest burden are red flags that investors should watch closely.