Race Eco Chain Limited — Important, 21-11-2024: General Updates

Q2 FY25 highlights reflect robust growth in RACE Ecochain's operations. The company achieved operating revenue of ₹106.29 crore, up 10x QoQ and 13x YoY. Aggregated waste reached approximately 31,422 MT, marking significant contributions to India's waste management sector. The EBITDA recorded was ₹1.86 crore, with EBITDA margin stabilizing at 1.75%. Profit After Tax (PAT) surged to ₹4.05 crore, a 13-fold increase YoY, driven by a strong performance in its core operations.

The strategic initiatives, including the introduction of dedicated regional collection centers and washing plants nationwide, aim to enhance efficiency and recycling capacity. RACE Ecochain is also focused on ESG compliance, aligning with regulatory trends and enhancing its operational sustainability.

The outlook remains positive, with ongoing investments like the partnership with Silverline aimed at scaling plastic waste management capabilities. The company plans a demerger to streamline operations, create value across business segments, and enhance shareholder returns. Overall, RACE Ecochain is well-positioned to benefit from the growing demand for organized waste management solutions in India.