Race Eco Chain Limited will participate in BIOFUEL EXPO 2026, India’s largest trade exhibition focused on ethanol, biomass, biodiesel, biogas, and allied industries. The event is scheduled to take place from June 04, 2026 to June 06, 2026 at the India Expo Centre & Mart in Greater Noida, Uttar Pradesh. This participation underscores the company's engagement with the biofuel sector.

Event Details

The BIOFUEL EXPO 2026 serves as a key platform for industry stakeholders to explore advancements in renewable energy sources. The exhibition will cover a broad spectrum of the biofuel value chain, including biomass and biodiesel technologies.

Schedule and Venue

The three-day event provides an opportunity for networking and business development within the industry.

Race Eco Chain reported a consolidated net profit of ₹729.47 lakh for the financial year ended March 31, 2026, compared to ₹419.47 lakh in the previous year. Total consolidated income for the year stood at ₹62,041.07 lakh, up from ₹55,599.40 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results during a meeting held on May 30, 2026. The company submitted the newspaper advertisement for these audited financial results for the quarter and year ended March 31, 2026, to the Bombay Stock Exchange and National Stock Exchange on May 31, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

On a standalone basis, the net profit for the year was ₹229.62 lakh, a decrease from ₹375.76 lakh in the prior year, while total income fell to ₹38,424.83 lakh from ₹46,141.38 lakh. The company's finance costs increased significantly during the year, with consolidated finance costs rising to ₹820.03 lakh from ₹424.12 lakh in the previous year, and standalone finance costs increasing to ₹760.41 lakh from ₹405.15 lakh. The board attributed the financial results to the operations across its Recycle, Restore, and Biomass divisions.

Key Financial Metrics

The following table outlines the standalone and consolidated financial performance for the year ended March 31, 2026:

Segment Performance

The Recycle Division remained the primary revenue driver, contributing ₹60,060.87 lakh to the consolidated segment revenue for the year. The Restore Division and Biomass Division reported segment revenues of ₹987.80 lakh and ₹826.82 lakh respectively. The company noted that it invested in subsidiary companies during the year, including the acquisition of shares in Ganesha Recycling Chain Private Limited and the incorporation of Race Grassland Private Limited.

Auditor and Regulatory Compliance

M/s Garg Arun & Associates, Statutory Auditors, issued an unmodified opinion on the audited standalone and consolidated financial results. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The company confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the submission of these results.