Eco Recycling Limited reported a significant expansion in top-line growth for the quarter ended June 30, 2026, with consolidated revenue rising 75% year-on-year to ₹1,913 lakh. The Mumbai-based waste management firm also posted a 13% increase in net profit after tax (PAT), which stood at ₹917 lakh compared to ₹809 lakh in the corresponding period of the previous year. The strong revenue momentum was supported by improved operational efficiency, reflected in a 28% surge in EBITDA to ₹1,206 lakh from ₹944 lakh in Q1FY25.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 10, 2026. The company’s Statutory Auditors have expressed an unmodified conclusion on both the standalone and consolidated financial results. The detailed results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics

Note: Revenue growth is cited as 75% in management commentary; calculated YoY change from table data is approximately 40.4%. EBITDA and PAT growth align closely with the stated percentages.

What the Numbers Show

The divergence between the reported 75% revenue growth and the tabular data showing a rise from ₹1,362 lakh to ₹1,913 lakh suggests potential reclassification or regrouping of previous period figures, as noted in the filing. Despite this, the core profitability metrics remain robust. EBITDA margins expanded, indicating better cost control or higher-margin business mix. The net profit before tax increased by 27% to ₹1,140 lakh, outpacing the tax rate impact, leading to a healthy bottom-line growth. Earnings per share rose 11% to ₹4.49, offering modest value accretion to shareholders.

In addition to the operational results, the company disclosed that it allotted 3,00,000 warrants to promoters at an issue price of ₹411 per warrant. These warrants are convertible into one equity share upon full payment. This capital structure adjustment may dilute existing equity holdings in the future but provides immediate liquidity or strategic alignment with promoter interests. The equity share capital remains unchanged at ₹1,930 lakh during the quarter.

eco recycling reported a significant improvement in its top-line performance in Q1, with revenue nearly doubling to 162M rupees compared to 92M rupees in the corresponding period last year. The strong revenue growth was accompanied by a meaningful expansion in operating profitability, reflecting improved operational efficiency during the quarter.

EBITDA and Margin Performance

The company's EBITDA rose sharply on a year-on-year basis, underscoring the operating leverage achieved during the quarter. The following table summarises the key operating metrics:

EBITDA grew to 92M rupees from 51M rupees year-on-year, representing a substantial increase in absolute operating profit. The EBITDA margin also improved, rising to 56.58% from 55.19% in the year-ago period, indicating that revenue growth was accompanied by proportionate cost discipline.

Standalone Net Profit

On the profitability front, Eco Recycling's standalone net profit for Q1 stood at 69M rupees, compared to 67M rupees in the same quarter last year. While the net profit growth was modest relative to the sharp rise in revenue and EBITDA, the company maintained a healthy bottom line during the period.

The relatively contained growth in net profit compared to EBITDA may reflect movements in depreciation, finance costs, or tax provisions during the quarter, though specific line-item details were not disclosed in the available data.

Key Highlights

• Revenue nearly doubled YoY, rising to 162M rupees from 92M rupees
• EBITDA increased to 92M rupees from 51M rupees on a year-on-year basis
• EBITDA margin expanded by approximately 139 basis points YoY to 56.58%
• Standalone net profit rose marginally to 69M rupees from 67M rupees YoY

Overall, Eco Recycling's Q1 results reflect a robust improvement in revenue and operating profitability on a year-on-year basis, with EBITDA margin expansion highlighting sustained operational efficiency.