Race Eco Chain Limited (BOM:537785)

Race Eco Chain Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	6,675	5,551	3,475	2,691	1,572	587.16
Other Revenue	-	-	-	-0.1	-	-
Revenue	6,675	5,551	3,475	2,691	1,572	587.16
Revenue Growth (YoY)	90.40%	59.75%	29.14%	71.15%	167.75%	271.00%
Cost of Revenue	6,477	5,398	3,373	2,627	1,536	554.87
Gross Profit	198.25	152.76	101.7	63.73	36.48	32.3
Selling, General & Admin	38.9	33.78	23.37	26.39	18.05	12.14
Other Operating Expenses	28.15	21.04	20.07	16.19	15.76	18.42
Operating Expenses	78.81	63.6	51.46	47.01	37.11	32.88
Operating Income	119.44	89.16	50.24	16.71	-0.63	-0.59
Interest Expense	-57.71	-40.79	-27.7	-6.95	-3.93	-6.12
Interest & Investment Income	7.56	7.56	4.33	5.54	6.23	6.97
Earnings From Equity Investments	14.38	0.62	-	-	-	-
Currency Exchange Gain (Loss)	-0.03	-0.03	-0.06	0.09	0.39	0.81
Other Non Operating Income (Expenses)	3.63	-0.63	0.75	0.04	2.88	8.82
EBT Excluding Unusual Items	87.26	55.89	27.56	15.43	4.95	9.88
Gain (Loss) on Sale of Investments	-	-	-	-	0.24	7.37
Gain (Loss) on Sale of Assets	-	-	-	0.01	5.42	-2.52
Other Unusual Items	-	-	-	-0.12	-	-
Pretax Income	87.26	55.89	27.56	17.89	10.61	14.73
Income Tax Expense	9.94	13.94	12.09	4.84	1.44	4.77
Earnings From Continuing Operations	77.32	41.95	15.47	13.05	9.17	9.97
Minority Interest in Earnings	-5.42	-3.02	0.02	-	-	-
Net Income	71.9	38.93	15.49	13.05	9.17	9.97
Net Income to Common	71.9	38.93	15.49	13.05	9.17	9.97
Net Income Growth	57.55%	151.30%	18.72%	42.26%	-7.96%	2608.26%
Shares Outstanding (Basic)	16	17	17	16	16	16
Shares Outstanding (Diluted)	17	17	17	16	16	16
Shares Change (YoY)	-1.87%	1.48%	2.57%	-	-	-10.68%
EPS (Basic)	4.40	2.31	0.92	0.79	0.56	0.61
EPS (Diluted)	4.34	2.28	0.92	0.79	0.56	0.61
EPS Growth	60.71%	147.64%	16.34%	41.53%	-7.96%	2932.19%
Free Cash Flow	-572.42	-515.1	-120.05	-145.87	11.15	-53.3
Free Cash Flow Per Share	-34.53	-30.12	-7.12	-8.88	0.68	-3.24
Gross Margin	2.97%	2.75%	2.93%	2.37%	2.32%	5.50%
Operating Margin	1.79%	1.61%	1.45%	0.62%	-0.04%	-0.10%
Profit Margin	1.08%	0.70%	0.45%	0.48%	0.58%	1.70%
Free Cash Flow Margin	-8.58%	-9.28%	-3.45%	-5.42%	0.71%	-9.08%
EBITDA	129.7	96.44	58.25	21.15	2.67	1.75
EBITDA Margin	1.94%	1.74%	1.68%	0.79%	0.17%	0.30%
D&A For EBITDA	10.26	7.28	8.02	4.43	3.3	2.33
EBIT	119.44	89.16	50.24	16.71	-0.63	-0.59
EBIT Margin	1.79%	1.61%	1.45%	0.62%	-0.04%	-0.10%
Effective Tax Rate	11.39%	24.95%	43.87%	27.05%	13.54%	32.36%
Revenue as Reported	6,688	5,560	3,482	2,699	1,588	612.18
Advertising Expenses	-	1.88	0.53	0.46	0.35	0.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.