Race Eco Chain Ltd's Q3FY25 Quarterly Results

Result Summary

• Race Eco Chain Ltd reported a 52.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 131.6%.
• Its expenses for the quarter were up by 57.5% QoQ and 130.6% YoY.
• The net profit decreased 56.2% QoQ and increased 200.0% YoY.
• The earnings per share (EPS) of Race Eco Chain Ltd stood at 1 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Race Eco Chain Ltd is a company engaged in the industry of environmentally sustainable solutions. Although specific details about the company's main products or services are not provided, companies with similar names typically focus on providing eco-friendly alternatives in various sectors, such as energy, transportation, or materials. Major recent developments for the company are not available based on the provided information. Therefore, the analysis will focus entirely on the financial data presented for the specified periods.

Revenue

For the third quarter of the fiscal year 2025 (Q3FY25), Race Eco Chain Ltd reported a total income of ₹168.69 crores. This represents a significant quarter-over-quarter (QoQ) increase of 52.4% from the second quarter of the fiscal year 2025 (Q2FY25), where the total income was ₹110.68 crores. Comparing year-over-year (YoY) performance, the total income in Q3FY25 rose by 131.6% from ₹72.83 crores in the third quarter of the fiscal year 2024 (Q3FY24). The data indicates a strong growth trajectory in revenue over both short-term and long-term periods.

Profitability

In terms of profitability, Race Eco Chain Ltd's profit before tax in Q3FY25 was ₹2.38 crores, which is a decrease of 53.1% QoQ from ₹5.07 crores in Q2FY25. However, there is a YoY increase of 230.6% compared to Q3FY24, where the profit before tax was ₹0.72 crores. The profit after tax for Q3FY25 stood at ₹1.77 crores, down 56.2% QoQ from ₹4.04 crores in Q2FY25, but up 200.0% YoY from ₹0.59 crores in Q3FY24. Earnings per share for the quarter were ₹1.00, reflecting a decrease of 56.5% QoQ from ₹2.30 in Q2FY25, and an increase of 150.0% YoY from ₹0.40 in Q3FY24.

Operating Metrics

The total expenses for Race Eco Chain Ltd in Q3FY25 amounted to ₹166.31 crores, which is a 57.5% QoQ increase from ₹105.61 crores in Q2FY25. On a YoY basis, expenses increased by 130.6% from ₹72.12 crores in Q3FY24. The tax expense in Q3FY25 was ₹0.61 crores, reflecting a 40.8% QoQ decrease from ₹1.03 crores in Q2FY25, and a 369.2% YoY increase from ₹0.13 crores in Q3FY24. These figures highlight the company's operational cost structure and tax liabilities within the analyzed periods. The financial analysis is based solely on the data provided, without additional assumptions or conclusions.