Race Eco Chain LimitedQ1 FY27 Results & Financial Update
Race Eco Chain Limited: Q1 FY27 consolidated results and company financials – revenue ₹191.06 Cr, PAT ₹1.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Race Eco Chain Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Race Eco Chain Limited reported total consolidated revenue from operations of INR 191.0645 crore for the quarter ended 30 June 2026. Total income for the period stood at INR 191.8830 crore, supported by other income of INR 0.8185 crore.
The company registered a profit before tax (PBT) of INR 1.1738 crore for Q1 FY27 after accounting for total expenses and financing commitments. Tax expense for the quarter was recorded at INR 0.3600 crore.
Net profit after tax (PAT) for the quarter stood at INR 1.0347 crore, translating to a basic and diluted earnings per share (EPS) of INR 0.60 based on the reporting period's capital structure.
Financing costs for the quarter aggregated to INR 2.6958 crore, reflecting the capital requirements and debt servicing obligations associated with the company's operations and supply chain financing needs.
Depreciation and amortization expenses for Q1 FY27 were recorded at INR 0.7591 crore, accounting for the wear and tear and systematic allocation of asset costs across the consolidated entity.
During the quarter ended June 30, 2026, Race Eco Chain posted consolidated revenue from operations of INR 191.06 crore, supported by total income of INR 191.88 crore which included other income of INR 0.82 crore.
Profitability for the quarter remained modest relative to top-line scale, with Profit Before Tax (PBT) reported at INR 1.17 crore and Profit After Tax (PAT) standing at INR 1.03 crore after accounting for tax expenses of INR 0.36 crore.
Basic earnings per share (EPS) for Q1 FY27 came in at INR 0.60, reflecting the current earnings distribution over the equity base.
01 · Business model
What does Race Eco Chain do?
Race Eco Chain Limited operates in the waste management and recycling sector, functioning as an enterprise dedicated to resource recovery and environmental supply chain solutions. The company manages recyclable materials and facilitates structured aggregation, processing, and distribution networks within the waste recycling ecosystem.
The primary revenue engine relies on the trading and processing of recyclable commodities, connecting decentralized waste streams with industrial consumers seeking verified raw materials. The economic model is centered on aggregating fragmented waste categories and scaling volumes through organized supply channels.
By formalizing waste aggregation, Race Eco Chain addresses logistical bottlenecks in the recycling value chain, serving institutional and commercial entities that require consistent inputs for sustainable manufacturing and circular economy initiatives.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹191.06 Cr |
| Total income | ₹191.88 Cr |
| Profit before tax | ₹1.17 Cr |
| Profit after tax | ₹1.03 Cr |
| EPS | ₹0.60 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 0.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.82 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue generation is driven by the scale of recyclable materials aggregated and transacted through the company's operational network during the quarter.
Reported revenue from operations reached INR 191.06 crore for Q1 FY27, driven by core trading and processing activities in recyclable waste materials.
The company recorded INR 0.82 crore in other income, bringing total consolidated income for the quarter to INR 191.88 crore.
What drove margins
Finance costs of INR 2.6958 crore exerted pressure on operating margins, representing a material outflow relative to the gross operating scale.
Depreciation and amortization charges of INR 0.7591 crore contributed to the fixed cost structure impacting bottom-line conversion.
Finance expenses amounted to INR 2.70 crore for the quarter, reflecting the cost of capital and borrowings required to support working capital in the recycling business.
Depreciation and amortization stood at INR 0.76 crore, while tax expenses accounted for INR 0.36 crore, leading to a net profit margin of approximately 0.54%.
04 · Reported developments
What changed operationally
The company maintained a substantial revenue scale of over INR 191 crore in consolidated turnover during the first quarter of fiscal 2027.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Other Income Contribution
Other income for the quarter contributed INR 0.8185 crore to the total income of INR 191.8830 crore.
06 · Key Q&A
The quarter, answered directly
What does Race Eco Chain do?
Race Eco Chain Limited operates in the waste management and recycling sector, functioning as an enterprise dedicated to resource recovery and environmental supply chain solutions. The company manages recyclable materials and facilitates structured aggregation, processing, and distribution networks within the waste recycling ecosystem.
What is the clearest takeaway from Q1 FY27?
Race Eco Chain Limited reported total consolidated revenue from operations of INR 191.0645 crore for the quarter ended 30 June 2026. Total income for the period stood at INR 191.8830 crore, supported by other income of INR 0.8185 crore.
What drove revenue or demand?
Revenue generation is driven by the scale of recyclable materials aggregated and transacted through the company's operational network during the quarter.
What mattered most for margins or profitability?
Finance costs of INR 2.6958 crore exerted pressure on operating margins, representing a material outflow relative to the gross operating scale.
What changed operationally beyond the headline numbers?
Other income for the quarter contributed INR 0.8185 crore to the total income of INR 191.8830 crore.
What should the next disclosure help confirm?
Monitor subsequent quarterly filings for trends in revenue scale and net profit conversion relative to the INR 191.0645 crore baseline established in Q1 FY27.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Earnings Trajectory: Monitor subsequent quarterly filings for trends in revenue scale and net profit conversion relative to the INR 191.0645 crore baseline established in Q1 FY27.
- 02
Debt Servicing and Finance Costs: Track the evolution of finance costs relative to revenue growth to assess operational leverage efficiency.
- 03
Margin Progression: Monitor subsequent quarterly disclosures for improvements in net profit conversion and operating margin expansion relative to top-line growth.
- 04
Finance Cost Management: Observe trends in finance costs and working capital utilization to assess their impact on overall profitability.
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