Eco Recycling has reported its third quarter financial performance, showing significant declines across key metrics compared to the same period in the previous year. The company's revenue for the quarter stood at ₹59 million, down from ₹99 million in the corresponding quarter of the previous year, while net profit dropped to ₹15.5 million from ₹54 million year-over-year.

Financial Performance Overview

The quarterly results demonstrate substantial challenges faced by the company during this reporting period. The company's EBITDA for Q3 declined to ₹34.7 million compared to ₹66 million in the same quarter of the previous year. Additionally, the EBITDA margin compressed to 58.71% from 67.10% year-over-year, indicating pressure on operational efficiency.

Profitability and Margin Analysis

The revenue decline from ₹99 million to ₹59 million represents a significant reduction in the company's top-line performance. The EBITDA performance shows a similar trend, falling from ₹66 million to ₹34.7 million, reflecting challenges in maintaining operational profitability. The compression in EBITDA margin from 67.10% to 58.71% suggests increased operational pressures or cost challenges.

Simultaneously, the net profit decrease from ₹54 million to ₹15.5 million indicates challenges in maintaining overall profitability margins during the quarter. These financial results highlight the impact of various market and operational factors on Eco Recycling's performance across multiple profitability metrics in the recycling industry.

Eco recycling Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Nihal R Kare, effective from the close of business hours on January 31, 2026. The company informed BSE Limited about this key managerial personnel change in compliance with regulatory requirements.

Resignation Details

The company disclosed that Mr. Nihal R Kare tendered his resignation from the position of Company Secretary and Compliance Officer due to personal reasons. The resignation was formally accepted by the company, and he was relieved from his responsibilities effective January 31, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Part A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company also complied with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, providing the required disclosures in the prescribed format.

Company Information

The communication was signed by Managing Director B K Soni (DIN 01274250) and submitted to BSE Limited. The company trades under scrip code 530643 with the scrip name ECORECO and ISIN INE316A01038.

The resignation represents a change in the company's key managerial personnel structure, with the departure taking effect from January 31, 2026.