Race Eco Chain FY26 Revenue Jumps 73.9% to ₹618.75 Crore; PAT Up 11.5%
Race Eco Chain reported FY26 consolidated revenue of ₹618.75 crore, up 73.9% YoY, with PAT at ₹7.29 crore. Standalone FY26 revenue reached ₹381.82 crore, up 38.7% YoY. The company proposed a demerger of its business segments and entered a strategic partnership with Ganesha Ecosphere Ltd.
The substantial revenue growth, proposed demerger into three listed entities, and strategic partnership with a major player like Ganesha Ecosphere are significant corporate actions that are expected to have a material impact on the company's valuation and future strategy.
The company has reported strong revenue growth across consolidated and standalone segments, significant increases in PAT, and detailed strategic initiatives like demerger and partnership with Ganesha Ecosphere, indicating positive future prospects.
Race Eco Chain Limited has announced its financial results for the Quarter and Financial Year ended 31st March, 2026. The company reported a significant increase in consolidated operating revenue, which grew by 73.9% year-on-year to ₹618.75 crore. Consolidated EBITDA saw a substantial rise of 46.39% to ₹14.20 crore, and Profit After Tax (PAT) increased by 11.5% to ₹7.29 crore. The consolidated EBITDA margin stood at 2.30% and PAT margin at 1.18%.
On a standalone basis, for the full financial year FY26, operating revenue grew by 38.7% to ₹381.82 crore, with EBITDA at ₹9.85 crore and PAT at ₹2.30 crore. For the fourth quarter of FY26, standalone operating revenue was ₹108.25 crore, up 36.2% year-on-year. Standalone EBITDA was ₹3.06 crore and PAT was ₹0.81 crore.
The company's divisions also showed growth. The PET Waste Division reported standalone revenue of ₹363.68 crore for FY26, a 16% year-on-year increase, with EBIT at ₹7.76 crore. The Biomass Division's standalone revenue for FY26 was ₹8.27 crore, up 55.8% year-on-year, with EBIT at ₹0.27 crore. The Restore Division reported standalone revenue of ₹9.88 crore for FY26, a 10.5% year-on-year increase, with EBIT at ₹1.66 crore.
Race Eco Chain Limited also highlighted its strategic initiatives, including the proposed demerger of its business segments into three focused entities to unlock value and improve capital allocation. Shareholders are expected to receive stock in two additional listed entities post-demerger. Furthermore, the company has entered into a strategic partnership with Ganesha Ecosphere Ltd., India's largest PET waste recycler, involving an equity investment in Race Eco Chain. This partnership aims to revolutionize India's waste management supply chain, streamline operations, and ensure sustainable practices.
The company is expanding its ESG-compliant collection network, strengthening partnerships with recyclers and brand owners, and improving value realization through digitization and data-driven decisions. The introduction of the 'RACE App' aims to streamline the waste selling process, offering transparent price negotiation and efficient logistics, with future plans to integrate AI for market insights and regulatory updates. The company also announced the establishment of four new collection centers in Roorkee, Haridwar, Rishikesh, and Dehradun to strengthen its network.
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Race Eco Chain Limited filed this with the NSE as a statutory disclosure, categorised under consolidated results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Race Eco Chain Limited. Read the original for the full detail.