Results - Announcements
Race Eco Chain Ltd share price tumbled by 8.18% to Rs 104.45 after 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, easing 4.65%. It has inched up 7.33% over last one week and soared by 35.33% in last one month while the market capitalization of Race Eco Chain Ltd has eased 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, crashing by 64.11% year-on-year, and tanking 25.90% quarter-on-quarter. EBITDA came in at Rs 2 crore, nosediving by 33.13% YoY and tumbling by 20.29% sequentially.
Total expenses softened 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 advanced 11.47% to Rs 618.75 crore, while net profit soared by 73.99% to Rs 7.29 crore, compared to previous FY. EBITDA jumped by 873% to Rs 12.55 crore, and PBT soared 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 plunged by 42.56% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.42% during the same period.