Race Eco Chain Q2 FY26: consolidated PAT turns positive, standalone revenue down 47%

Revenue declinedNegative operating cash flowProfit growth above 25%Results View source PDF Explain this filing

RACE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹184.33

prior close

₹196.49

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.6% vs market

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.8

10m

-4.3

15m

-5.5

30m

-5.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.7-0.1-1.6

Next day

-3.0-0.2-2.8

-4.5+0.4-4.9

-5.8-0.4-5.4

-7.0-0.6-6.4

-11.0-0.9-10.1

-15.3-3.0-12.3

15d

-18.0-3.9-14.2

-20.1-4.8-15.3

-32.7-7.8-25.0

-34.9-7.2-27.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Race Eco Chain posted Q2 and H1 FY26 results. Standalone revenue fell about 47% YoY in Q2 to Rs 5,611 lakhs, with H1 down 41% to Rs 11,489 lakhs. Consolidated revenue however grew roughly 40% YoY in Q2 to about Rs 14,843 lakhs, aided by subsidiaries. Consolidated PAT was Rs 266.64 lakhs in Q2 versus a loss last year, lifting EPS to Rs 1.55. Standalone operating cash flow for H1 FY26 was negative at Rs 52 lakhs. Company invested Rs 5.1 crore in subsidiary Ganesha Recycling and disinvested 65% stake in India Polymers.

Likely market impact

Mixed signals - consolidated growth driven by new subsidiaries, but standalone core business shrank sharply; standalone cash burn is a watch point.