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Race Eco Chain - Quaterly Results

12 Feb 2024 Evaluate
The sales declined to Rs. 694.01 millions for the December 2023 quarter as compared to Rs. 848.06 millions during the corresponding quarter last year.The company has announced a 25.48% increase in its profits to Rs . 4.53  millions for the  quarter ended December 2023 compared to Rs. 3.61 millions in the corresponding quarter in the previous year.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 1986.45
ION Exchage 303.75
Refex Industries 226.20
Antony WasteHandling 303.65
Race Eco Chain 104.50
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