Race Eco Chain Reports Strong Financial Growth in December 2024 Results

Feb 12 2025 11:48 AM IST
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Race Eco Chain announced its financial results for the quarter ending December 2024, revealing net sales of Rs 168.42 crore, a year-on-year growth of 131.73%. The company reported a profit before tax of Rs 2.10 crore and a profit after tax of Rs 1.58 crore, reflecting significant increases.
Race Eco Chain, a microcap company in the trading industry, recently announced its financial results for the quarter ending December 2024. The results, declared on February 11, 2025, indicate a notable shift in the company's evaluation, with a revision in its score reflecting the performance over the past three months.

The financial data reveals that Race Eco Chain achieved net sales of Rs 168.42 crore, marking a significant year-on-year growth of 131.73%. This performance is underscored by a consistent upward trend in sales over the last five quarters. Additionally, the company reported a profit before tax less other income (PBT) of Rs 2.10 crore, which represents a remarkable year-on-year increase of 268.42%. Similarly, the profit after tax (PAT) reached Rs 1.58 crore, showcasing a year-on-year growth of 222.4%.

Operating profit also reached its highest point in the last five quarters at Rs 3.04 crore, further indicating a positive trend in the company's financial health. Overall, the recent financial results suggest a strong performance for Race Eco Chain in the near term.

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