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Race Eco Chain - Quaterly Results

28 May 2024 Evaluate
Net sales declined -13.92%  to  Rs. 794.70 million from Rs. 923.23 millions.The Net Profit of the company slipped to Rs. 2.37 millions from Rs. 4.44 millions, a decline of -46.62% on QoQ basis.Operating profit for the quarter ended March 2024 rose to 14.70 millions as compared to 10.26 millions of corresponding quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 794.70 923.23 -13.92 3384.99 2690.85 25.80 3384.99 2690.85 25.80
Other Income 4.44 1.86 138.71 6.74 8.47 -20.43 6.74 8.47 -20.43
PBIDT 14.70 10.26 43.27 62.02 29.36 111.24 62.02 29.36 111.24
Interest 7.46 2.56 191.41 28.38 7.03 303.70 28.38 7.03 303.70
PBDT 7.24 7.70 -5.97 33.64 22.33 50.65 33.64 22.33 50.65
Depreciation 2.74 1.27 115.75 6.63 4.43 49.66 6.63 4.43 49.66
PBT 4.50 6.43 -30.02 27.01 17.90 50.89 27.01 17.90 50.89
TAX 2.13 1.99 7.04 11.34 4.83 134.78 11.34 4.83 134.78
Deferred Tax 0.73 0.00 0.00 2.91 -0.52 -659.62 2.91 -0.52 -659.62
PAT 2.37 4.44 -46.62 15.67 13.07 19.89 15.67 13.07 19.89
Equity 164.32 164.32 0.00 164.32 164.32 0.00 164.32 164.32 0.00
PBIDTM(%) 1.85 1.11 66.45 1.83 1.09 67.92 1.83 1.09 67.92
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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