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Race Eco Chain - Quaterly Results

06 Nov 2023 Evaluate
The turnover zoomed to Rs. 788.85 millions, up 60.40% for the September 2023 quarter as against Rs. 491.81 millions during the year-ago period.A humble growth in net profit of 6.07% reported in the quarter ended September 2023 to Rs. 2.97  millions from Rs. 2.80 millions.Operating profit for the quarter ended September 2023 rose to 13.30 millions as compared to 6.39 millions of corresponding quarter ended September 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202309 202209 % Var 202309 202209 % Var 202303 202203 % Var
Sales 788.85 491.81 60.40 1896.29 919.57 106.21 2690.85 1572.13 71.16
Other Income 0.58 3.03 -80.86 0.90 5.14 -82.49 8.47 16.24 -47.84
PBIDT 13.30 6.39 108.14 32.95 11.63 183.32 29.36 18.07 62.48
Interest 7.67 1.87 310.16 13.21 3.25 306.46 7.03 4.17 68.59
PBDT 5.63 4.52 24.56 19.74 8.38 135.56 22.33 13.90 60.65
Depreciation 1.32 1.00 32.00 2.53 2.07 22.22 4.43 3.30 34.24
PBT 4.31 3.52 22.44 17.21 6.31 172.74 17.90 10.60 68.87
TAX 1.34 0.72 86.11 5.16 1.58 226.58 4.83 1.44 235.42
Deferred Tax 0.07 0.00 0.00 0.14 0.00 0.00 -0.52 -0.42 23.81
PAT 2.97 2.80 6.07 12.05 4.73 154.76 13.07 9.16 42.69
Equity 164.32 164.32 0.00 164.32 164.32 0.00 164.32 164.32 0.00
PBIDTM(%) 1.69 1.30 29.76 1.74 1.26 37.39 1.09 1.15 -5.07
Peers
Company Name CMP
VA Tech Wabag 2009.30
ION Exchage 419.40
Refex Industries 285.80
Antony WasteHandling 378.55
Race Eco Chain 117.85
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