Integrated Filing — IndAS



General information about company
Scrip Code 537785
NSE Symbol RACE
MSEI Symbol NOTLISTED
ISIN INE084Q01012
Name of company RACE ECO CHAIN LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-May-2025   15:30:00
End date and time of board meeting 30-May-2025   15:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1939461000 5550954000
Other income 3756000 8987000
Total income 1943217000 5559941000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 1884383000 5389628000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 8996000 30729000
(e) Finance costs 15531000 42412000
(f) Depreciation, depletion and amortisation expense 2151000 8698000
(f) Other Expenses
1 Other Direct Expenses 1380000 7907000
2 Other Expenses 10591000 25727000
Total other expenses 11971000 33634000
Total expenses 1923032000 5505101000
3 Total profit before exceptional items and tax 20185000 54840000
4 Exceptional items 0 0
5 Total profit before tax 20185000 54840000
6 Tax expense
7 Current tax 6415000 16543000
8 Deferred tax -1502000 -3032000
9 Total tax expenses 4913000 13511000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 15272000 41329000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 15272000 41329000
17 Other comprehensive income net of taxes -28692000 -14720000
18 Total Comprehensive Income for the period -13420000 26609000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 14756000 38929000
Total profit or loss, attributable to non-controlling interests 1134000 3018000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests -28692000 -10339000
21 Details of equity share capital
Paid-up equity share capital 172572000 172572000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.92 2.49
Diluted earnings (loss) per share from continuing operations 0.89 2.45
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.92 2.49
Diluted earnings (loss) per share from continuing and discontinued operations 0.89 2.45
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 103789000
Capital work-in-progress 5190000
Investment property
Goodwill 125000
Other intangible assets 303000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 143338000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 138023000
Total non-current financial assets 281361000
Deferred tax assets (net) 5337000
Other non-current assets 17100000
Total non-current assets 413205000
2 Current assets
Inventories 12405000
Current financial asset
Current investments 0
Trade receivables, current 1194060000
Cash and cash equivalents 52617000
Bank balance other than cash and cash equivalents 50000
Loans, current 12486000
Other current financial assets 4410000
Total current financial assets 1263623000
Current tax assets (net) 8106000
Other current assets 126020000
Total current assets 1410154000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1823359000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 172572000
Other equity 543174000
Total equity attributable to owners of parent 715746000
Non controlling interest 63567000
Total equity 779313000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 880000
Total non-current financial liabilities 880000
Provisions, non-current 1475000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 2355000
Current liabilities
Current financial liabilities
Borrowings, current 615039000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 10231000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 349592000
Total Trade payable 359823000
Other current financial liabilities
Total current financial liabilities 974862000
Other current liabilities 5649000
Provisions, current 16597000
Current tax liabilities (Net) 44583000
Deferred government grants, Current
Total current liabilities 1041691000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1044046000
Total equity and liabilites 1823359000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Recycle Division 1914896000 5274502000
2 Restore Division 5975000 89381000
3 Biomass Division 18591000 187070000
4 Unallocable 0 0
Total Segment Revenue 1939462000 5550953000
Less: Inter segment revenue 0 0
Revenue from operations 1939462000 5550953000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Recycle Division 30468000 89380000
2 Restore Division 234000 2547000
3 Biomass Division 141000 2109000
4 Unallocable 4875000 3217000
Total Profit before tax 35718000 97253000
i. Finance cost 15532000 15532000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 20186000 54841000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Recycle Division 1594098000 1594098000
2 Restore Division 48902000 48902000
3 Biomass Division 15173000 15173000
4 Unallocable 165186000 165186000
Total Segment Asset 1823359000 1823359000
Un-allocable Assets 0 0
Net Segment Asset 1823359000 1823359000
4 Segment Liabilities
Segment Liabilities
1 Recycle Division 968657000 968657000
2 Restore Division 6224000 6224000
3 Biomass Division 9329000 9329000
4 Unallocable 59836000 59836000
Total Segment Liabilities 1044046000 1044046000
Un-allocable Liabilities 0 0
Net Segment Liabilities 1044046000 1044046000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 37939000 18828000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss -9247000 -4108000
5 Total Other comprehensive income -28692000 -14720000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 54840000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 42412000
Adjustments for decrease (increase) in inventories -2769000
Adjustments for decrease (increase) in trade receivables, current -643010000
Adjustments for decrease (increase) in trade receivables, non-current -1962000
Adjustments for decrease (increase) in other current assets -109312000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 192184000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 8698000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 23000
Adjustments for provisions, non-current 493000
Adjustments for other financial liabilities, current 40785000
Adjustments for other financial liabilities, non-current 5438000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 5261000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships -2828000
Total adjustments for reconcile profit (loss) -475109000
Net cash flows from (used in) operations -420269000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 8360000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -428629000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 63301000
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 88650000
Proceeds from sales of investment property 81429000
Purchase of investment property 142493000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received -17100000
Interest received 5262000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -35790000
Net cash flows from (used in) investing activities -134041000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 462440000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 244220000
Repayments of borrowings 0
Payments of lease liabilities 53261000
Dividends paid 0
Interest paid 42413000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 610986000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 48316000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 48316000
Cash and cash equivalents cash flow statement at beginning of period 4350000
Cash and cash equivalents cash flow statement at end of period 52666000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Garg Arun & Associates Yes 31-Jul-2027