RACE Eco Chain reports strong half-year growth, sustainability progress

RACE Eco Chain Limited announced robust financial performance for Q2 FY26 and HY26 (standalone). For Q2 FY26, operating revenue stood at ₹96.10 crore, a 10% year-over-year (YoY) increase. EBITDA reached ₹3.06 crore, up 29% YoY, with PAT at ₹1.15 crore, marking a substantial 480% YoY growth. The company aggregated approximately 22,491 metric tonnes (MT) of waste during the quarter. For HY26, operating revenue was ₹460.30 crore, a 36% YoY increase, with EBITDA at ₹9.49 crore (up 53% YoY) and PAT at ₹3.76 crore (up 140% YoY). Waste aggregated for HY26 totaled approximately 121,159 MT.

The company is strategically focused on organizing the unorganized waste industry through initiatives like a PAN India network for waste suppliers, setting up washing plants for B2B raw material supply, and digitizing its supply chain with the RACE App. ESG efforts include prioritizing environmental, social, and governance factors, achieving an ESG score of 65+, and dedicated regional collection centers. The company also reported saving 262,927 tonnes of CO2 from PET bottle management and 140,475 tonnes from biomass utilization.

In a significant development, RACE Eco Chain has partnered with Ganesha Ecosphere Limited to form a joint venture, Ganesha Recycling Chain Private Limited, which will establish washing plants to produce premium rPET flakes. This alliance aims to address the rising demand for recycled PET, driven by ESG mandates, and enhance environmental protection while creating employment opportunities.