Race Eco Chain Limited Approves CFO Appointment and Financial Results for March 31, 2026
Race Eco Chain Limited announced on May 30, 2026, that its Board of Directors approved its audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. Furthermore, the Board approved the appointment of Mr. Sujeet Thakur as the Company's Chief Financial Officer, effective immediately.Mr. Thakur is a seasoned professional bringing 15 years of extensive experience in the field of Finance and Accounts.
Financial Results Summary
The Company released detailed financial results, including standalone, consolidated, and segment-wise financial statements. The comprehensive financial picture for the year ended March 31, 2026, was approved by the Board.Financial Highlights (Rs. In lakhs)
The annual financial results reflected the following total figures:| Metric | Year Ended 31-Mar-26 | Year Ended 31-Mar-25 |
|---|---|---|
| Standalone Total Assets | 17,297.89 | 15,496.67 |
| Consolidated Total Assets | 21,550.98 | 18,233.55 |
| Consolidated Revenue from Operations | 61,875.49 | 55,509.54 |
| Consolidated Total Income | 62,041.07 | 55,599.40 |
| Consolidated Profit for the Year | 307.09 | 316.08 |
Standalone Financial Overview
The Standalone Balance Sheet as at March 31, 2026, showed total assets of 17,297.89 Rs. In lakhs, compared to 15,496.67 Rs. In lakhs on the same date in the previous year.Standalone Balance Sheet Summary (Rs. In lakhs)
| Particulars | As at 31-Mar-26 | As at 31-Mar-25 |
|---|---|---|
| Total Assets | 17,297.89 | 15,496.67 |
| Shareholders' Funds (Other Equity) | 5,201.16 | 6,926.88 |
| Total Liabilities and Equity | 17,297.89 | 15,496.67 |
Consolidated Financial Performance (Rs. In lakhs)
For the consolidated figures, the total assets stood at 21,550.98 Rs. In lakhs as of March 31, 2026.Consolidated Balance Sheet Summary (Rs. In lakhs)
| Particulars | As at 31-Mar-26 | As at 31-Mar-25 |
|---|---|---|
| Total Assets | 21,550.98 | 18,233.55 |
| Shareholders' Funds | 8,650.57 | 7,793.11 |
| Total Liabilities and Equity | 21,550.98 | 18,233.55 |
Cash Flow Generation
The consolidated cash flow statement revealed the following operating cash generation:Consolidated Cash Flow Statement Summary (Rs. in lakhs)
| Metric | For Period Ended 31-Mar-26 | For Period Ended 31-Mar-25 |
|---|---|---|
| Net cash flow from operating activities | 1,559.01 | 526.67 |
| Net cash flow from investing activities | -2,878.53 | -1,340.41 |
| Net cash flow from financing activities | 2,023.53 | 483.17 |
| Net increase in Cash and cash equivalents | 1,559.01 | 526.67 |
Segmental Analysis
The segment-wise financial results show a diversified operational structure contributing to the Group's revenue.Consolidated Segment Revenue and Profit (Rs. In lakhs)
| Segment | Year Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-25 (Audited) |
|---|---|---|
| Recycle Division (Revenue) | 17,411.80 | 52,745.02 |
| Restore Division (Revenue) | 328.89 | 893.81 |
| Biomass Division (Revenue) | 506.96 | 1,870.70 |
| Total Revenue | 18,247.66 | 55,509.54 |
| Recycle Division (Profit) | 1,065.19 | 893.80 |
| Restore Division (Profit) | 166.25 | 25.47 |
| Biomass Division (Profit) | 26.60 | 21.09 |
The audit reports for both the standalone and consolidated financial results were issued with an unmodified opinion, confirming the true and fair view of the Group's financial position for the year ended March 31, 2026.
RACE Stock Price Movement
Shares of Race Eco Chain Limited slipped by 1.63% on Friday, settling at ₹115.36. The stock recorded a total traded volume of 7,921 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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