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Race Eco Chain - Quaterly Results

12 Feb 2024 Evaluate
The sales is pegged at Rs. 694.01 millions for the December 2023 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 848.06 millions during the year-ago period.Net Profit recorded in the quarter ended December 2023 rise to 25.48% to Rs. 4.53  millions  compared to R. 3.61 millions in corresponding previous quarter.The company reported a good operating profit of 14.38 millions compared to 7.47 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Sales 694.01 848.06 -18.16 2590.30 1767.63 46.54 2690.85 1572.13 71.16
Other Income 1.41 1.47 -4.08 2.31 6.61 -65.05 8.47 16.24 -47.84
PBIDT 14.38 7.47 92.50 47.33 19.10 147.80 29.36 18.07 62.48
Interest 7.72 1.22 532.79 20.93 4.47 368.23 7.03 4.17 68.59
PBDT 6.66 6.25 6.56 26.40 14.63 80.45 22.33 13.90 60.65
Depreciation 1.35 1.10 22.73 3.88 3.17 22.40 4.43 3.30 34.24
PBT 5.31 5.15 3.11 22.52 11.46 96.51 17.90 10.60 68.87
TAX 0.78 1.54 -49.35 5.94 3.12 90.38 4.83 1.44 235.42
Deferred Tax 0.13 0.00 0.00 0.27 0.00 0.00 -0.52 -0.42 23.81
PAT 4.53 3.61 25.48 16.58 8.34 98.80 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(%) 2.07 0.88 135.24 1.83 1.08 69.11 1.09 1.15 -5.07
Peers
Company Name CMP
VA Tech Wabag 1884.35
ION Exchage 377.20
Refex Industries 256.95
Antony WasteHandling 332.50
Race Eco Chain 119.30
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