Race Eco Chain Limited Reports Q1 FY2026 Results and Appoints New Auditors Aug 12, 2025
More news about Race Eco Chain
30May 25
Race Eco Chain Reports Improved Q4 EBITDA and Margin
Race Eco Chain, a leader in eco-friendly supply chain solutions, announced impressive Q4 financial results. The company's consolidated net profit doubled to ₹15.00 crore, up 114.29% year-over-year. Revenue surged by 123% to ₹1,900.00 crore. EBITDA increased to ₹34.00 crore from ₹10.00 crore, with the EBITDA margin improving to 1.76%. Despite these gains, there was a slight 6.25% quarter-over-quarter decline in net profit.
15Apr 25
Race Eco Chain Strengthens Recycling Portfolio with ₹25.50 Crore Investment in Subsidiary
Race Eco Chain Limited has invested ₹25.50 crore in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue. The company acquired 2,55,000 equity shares at ₹100 per share, maintaining its 51% ownership stake. This investment aligns with Race Eco Chain's strategy to expand in the recycling sector and strengthen its position in the circular economy.
01Apr 25
Race Eco Chain Faces GST Scrutiny: Pays ₹19.00 Crore Under Protest
Race Eco Chain, an eco-friendly packaging company, is under investigation by the GST Department for alleged excess Input Tax Credit claims. The company's office premises were searched, and in response, Race Eco Chain has paid ₹19 crore towards IGST under protest. This development raises concerns about regulatory compliance, financial impact, and corporate governance for investors.
28Mar 25
Race Eco Chain Faces GST Scrutiny: Pays ₹1.90 Crore Under Protest
Race Eco Chain Limited faced a GST Department search operation on March 27, 2025, at its Ghaziabad office over alleged GST Act contraventions. The company paid ₹1.90 crore under protest towards IGST for excess Input Tax Credit claims. Race Eco Chain states no expected impact on operations and continues normal business activities.