Race Eco Chain Limited (BOM:537785)

Race Eco Chain Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	4,463	3,475	2,691	1,572	587.16	158.27
Other Revenue	0	0	-0.1	-	-	-
Revenue	4,463	3,475	2,691	1,572	587.16	158.27
Revenue Growth (YoY)	25.85%	29.14%	71.15%	167.75%	271.00%	-68.46%
Cost of Revenue	4,340	3,373	2,627	1,536	554.87	148
Gross Profit	123.24	101.7	63.73	36.48	32.3	10.26
Selling, General & Admin	28.64	23.37	26.39	18.05	12.14	8.92
Other Operating Expenses	19.52	20.34	16.19	15.76	18.42	2.89
Operating Expenses	58.85	51.74	47.01	37.11	32.88	14.8
Operating Income	64.39	49.96	16.71	-0.63	-0.59	-4.54
Interest Expense	-33.66	-27.7	-6.95	-3.93	-6.12	-7.22
Interest & Investment Income	4.33	4.33	5.54	6.23	6.97	9.16
Currency Exchange Gain (Loss)	-0.06	-0.06	0.09	0.39	0.81	-
Other Non Operating Income (Expenses)	3.58	0.75	0.04	2.88	8.82	-0.03
EBT Excluding Unusual Items	38.59	27.29	15.43	4.95	9.88	-2.64
Gain (Loss) on Sale of Investments	-	-	-	0.24	7.37	2.82
Gain (Loss) on Sale of Assets	-	-	0.01	5.42	-2.52	-
Other Unusual Items	-	-	-0.12	-	-	-
Pretax Income	38.59	27.29	17.89	10.61	14.73	0.18
Income Tax Expense	14.24	11.82	4.84	1.44	4.77	-0.19
Earnings From Continuing Operations	24.35	15.47	13.05	9.17	9.97	0.37
Minority Interest in Earnings	-1.86	0.02	-	-	-	-
Net Income	22.49	15.49	13.05	9.17	9.97	0.37
Net Income to Common	22.49	15.49	13.05	9.17	9.97	0.37
Net Income Growth	2.75%	18.72%	42.26%	-7.96%	2608.26%	-27.50%
Shares Outstanding (Basic)	16	16	16	16	16	18
Shares Outstanding (Diluted)	16	16	16	16	16	18
Shares Change (YoY)	0.32%	-	-	-	-10.68%	8.75%
EPS (Basic)	1.39	0.94	0.79	0.56	0.61	0.02
EPS (Diluted)	1.36	0.94	0.79	0.56	0.61	0.02
EPS Growth	2.53%	18.99%	41.53%	-7.96%	2932.19%	-33.33%
Free Cash Flow	-	-120.05	-145.87	11.15	-53.3	-40.93
Free Cash Flow Per Share	-	-7.31	-8.88	0.68	-3.24	-2.23
Gross Margin	2.76%	2.93%	2.37%	2.32%	5.50%	6.49%
Operating Margin	1.44%	1.44%	0.62%	-0.04%	-0.10%	-2.87%
Profit Margin	0.50%	0.45%	0.48%	0.58%	1.70%	0.23%
Free Cash Flow Margin	-	-3.45%	-5.42%	0.71%	-9.08%	-25.86%
EBITDA	71.95	56.54	21.15	2.67	1.75	-1.54
EBITDA Margin	1.61%	1.63%	0.79%	0.17%	0.30%	-0.97%
D&A For EBITDA	7.55	6.58	4.43	3.3	2.33	3
EBIT	64.39	49.96	16.71	-0.63	-0.59	-4.54
EBIT Margin	1.44%	1.44%	0.62%	-0.04%	-0.10%	-2.87%
Effective Tax Rate	36.90%	43.31%	27.05%	13.54%	32.36%	-
Revenue as Reported	4,473	3,482	2,699	1,588	612.18	172.35
Advertising Expenses	-	0.53	0.46	0.35	0.32	0.03

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