Race Eco Chain Reports Strong Financial Growth in December 2024 Results
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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