Results - Announcements
Race Eco Chain Ltd share price climbed 5.47% to Rs 113.75. The Company's net profit witnessed a sharp fall of 39.81% to Rs 0.62 crore, while revenue from operations slipped slightly by 8.66% to Rs 174.51 crore in Q2FY27 over Q2FY26.
The market capitalization of Waste Management industry group stocks on BSE stood at Rs 9495.27 crore, rising 4.65%. It has improved by 7.33% over last one week and spiked sharply by 35.33% in last one month while the market capitalization of Race Eco Chain Ltd has softened by 0.05% and 4.77% in the same period respectively.
Profit before tax (PBT) of Race Eco Chain Ltd stood at Rs 1.03 crore in Q2 FY27, nosediving by 64.11% year-on-year, and tanking 25.90% quarter-on-quarter. EBITDA came in at Rs 2 crore, plunging by 33.13% YoY and tumbling by 20.29% sequentially.
Total expenses slightly declined by 8.57% to Rs 172.1 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 1.27 crore, witnessing a strong rise of 13.39% YoY.
For FY26, revenue from operations rose 11.47% to Rs 618.75 crore, while net profit jumped 73.99% to Rs 7.29 crore, compared to previous FY. EBITDA soared by 873% to Rs 12.55 crore, and PBT surged 65.41% to Rs 9.18 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 18.87 crore in FY26, as against Rs 42.86 crore in FY25.
Race Eco Chain Ltd crashed 38.71% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.