Race Eco Chain Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Race Eco Chain Limited reported FY2026 audited results with mixed performance. On standalone basis, revenue declined 17% to Rs 38,182.48 lakhs from Rs 46,029.91 lakhs, with PAT falling 39% to Rs 229.62 lakhs. On consolidated basis (including subsidiaries), revenue grew 11.4% to Rs 61,875.49 lakhs and PAT surged 74% to Rs 729.47 lakhs, boosted by associate share profit of Rs 331.50 lakhs. The company expanded its subsidiary portfolio with new acquisitions and subscriptions. Short-term borrowings increased significantly to Rs 8,222.48 lakhs (standalone) and Rs 8,842.97 lakhs (consolidated). Statutory auditors issued unmodified opinions. New CFO Mr. Sujeet Thakur was appointed with effect from May 30, 2026.
Consolidated results show strong growth driven by subsidiary consolidation, but standalone operations face revenue and profit decline, which may concern investors focused on organic growth. Increased borrowings indicate higher leverage.