- Home »
- Quarterly Results »
- Eco Recycling Q1 Results Record Profit with Total Income of ₹11.40 Cr and PAT of ₹7.99 Cr
Eco Recycling Q1 Results Record Profit with Total Income of ₹11.40 Cr and PAT of ₹7.99 Cr
Eco Recycling Q1 Results reveal a total income of ₹11.40 Cr, a notable increase of 111.50% YoY. Eco Recycling Q1 Results also highlight an operating profit of ₹7.95 Cr, up 183.93% YoY, and a profit after tax of ₹7.99 Cr, which is up 77.56% YoY, with an operating margin of 69.74%, representing a 34.24% YoY increase.
by Madhumitha
Updated Sep 12, 2024
Table of Content
Eco Recycling Q1 Results 2024-2025: Eco Recycling announced their Q1 results for the period ending June 30, 2024, on August 12, 2024. The company reported a significant increase in total income by 46.1% year-over-year (YoY), rising from ₹856 lacs in the previous quarter to ₹1,253 lacs in the current quarter.
Revenue from operations also saw a substantial rise of 41.3% YoY, reaching ₹1,140 lacs compared to ₹806 lacs in the same quarter last year. The company's profit before tax surged by 112.1% YoY, climbing from ₹421 lacs in Q1 of the previous year to ₹893 lacs this quarter.
In terms of quarterly growth (QoQ), Eco Recycling's total income grew by 46.1% compared to the previous quarter’s ₹856 lacs. The profit before tax increased by 112.1% QoQ, indicating strong financial performance.
The company also reported a remarkable 176.5% YoY increase in net profit, which jumped from ₹268 lacs in the same quarter last year to ₹741 lacs this quarter. This impressive growth reflects the company’s robust operational efficiency and successful strategic initiatives.
For More Q1 results check our Twitter Page.
Eco Recycling Q1 Results 2024-2025
Here is a summary of Eco Recycling's financial performance for Q1 of 2024-2025.
| Particulars |
Quarter Ended |
Quarter Ended March 31, 2024 |
Quarter Ended June 30, 2023 |
|---|---|---|---|
| Revenue from Operations | ₹1,140 lacs | ₹806 lacs | ₹806 lacs |
| Other Income | ₹113 lacs | ₹50 lacs | ₹50 lacs |
| Total Income | ₹1,253 lacs | ₹856 lacs | ₹856 lacs |
| Total Expenses | ₹361 lacs | ₹435 lacs | ₹435 lacs |
| Profit Before Tax | ₹893 lacs | ₹421 lacs | ₹421 lacs |
| Net Profit | ₹741 lacs | ₹268 lacs | ₹268 lacs |
| Earnings Per Share | ₹3.84 | ₹1.38 | ₹1.38 |
Source: Click Here
Eco Recycling Current Market Overview
Eco Recycling's stock is trading at ₹1,009, reflecting a recent drop of 3.64%. The company has a market capitalization of ₹1,947 crores, and its stock has ranged between ₹1,215 and ₹186 over the past year. The stock has a high price-to-earnings ratio of 97.9, indicating that investors expect significant future growth.
Despite not offering a dividend, Eco Recycling shows strong financial health with a return on capital employed of 34.1% and a return on equity of 28.6%. The company's book value stands at ₹33.9, and the face value of its stock is ₹10.
| Metric | Value |
|---|---|
| Current Price | ₹1,009 |
| Market Cap | ₹1,947 Crores |
| High / Low | ₹1,215 / ₹186 |
| Stock P/E Ratio | 97.9 |
| Book Value | ₹33.9 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 34.1% |
| Return on Equity (ROE) | 28.6% |
| Face Value | ₹10.0 |
| Recent Change | -3.64% |
Quarterly Results
Here is a summary of Eco Recycling’s quarterly financial results for December 2023, March 2024, and June 2024.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crores) | 7.47 | 8.06 | 11.40 |
| Expenses (₹ Crores) | 2.33 | 4.26 | 3.19 |
| Operating Profit (₹ Crores) | 5.14 | 3.80 | 8.21 |
| OPM % | 68.81% | 47.15% | 72.02% |
| Other Income (₹ Crores) | 1.30 | 0.50 | 1.13 |
| Interest (₹ Crores) | 0.11 | 0.35 | 0.17 |
| Depreciation (₹ Crores) | 0.34 | -0.26 | 0.24 |
| Profit Before Tax (₹ Crores) | 5.99 | 4.21 | 8.93 |
| Tax % | 17.03% | 36.10% | 17.02% |
| Net Profit (₹ Crores) | 4.97 | 2.69 | 7.41 |
| EPS (₹) | 2.58 | 1.39 | 3.84 |
About Eco Recycling
Eco Recycling, known as Ecoreco, is India's first and leading company specializing in e-waste management. They provide comprehensive services including the collection and recycling of electronic waste, data destruction, and the recovery of precious metals.
Ecoreco uses advanced recycling technologies from the US, Europe, and Japan to ensure efficient and environmentally friendly processes. Serving over 120 countries, the company is at the forefront of sustainable waste management practices and is committed to reducing electronic waste's impact on the environment.
Visit our website for more Q1 results.
Eco Recycling Q1 Results- FAQs
1. What is Eco Recycling’s total income for Q1 2024-2025?
Eco Recycling’s total income for Q1 2024-2025 is ₹1,253 lacs.
2. What was Eco Recycling’s revenue from operations in Q1 2024-2025?
Eco Recycling’s revenue from operations in Q1 2024-2025 was ₹1,140 lacs.
3. How much did Eco Recycling’s total income increase compared to the previous quarter?
Eco Recycling’s total income increased by ₹397 lacs compared to the previous quarter.
4. What are Eco Recycling’s total expenses for Q1 2024-2025?
Eco Recycling’s total expenses for Q1 2024-2025 are ₹361 lacs.
5. What is Eco Recycling’s profit before tax for Q1 2024-2025?
Eco Recycling’s profit before tax for Q1 2024-2025 is ₹893 lacs.
6. How much did Eco Recycling’s net profit grow compared to the same quarter last year?
Eco Recycling’s net profit grew to ₹741 lacs, up from ₹268 lacs in the same quarter last year.
7. What was the earnings per share (EPS) for Eco Recycling in Q1 2024-2025?
Eco Recycling’s earnings per share (EPS) in Q1 2024-2025 is ₹3.84.
8. What was the revenue from operations for Eco Recycling in the previous quarter?
The revenue from operations for Eco Recycling in the previous quarter was ₹806 lacs.
9. What is Eco Recycling’s other income for Q1 2024-2025?
Eco Recycling’s other income for Q1 2024-2025 is ₹113 lacs.
10. How much did Eco Recycling’s profit before tax increase compared to the same quarter last year?
Eco Recycling’s profit before tax increased to ₹893 lacs from ₹421 lacs in the same quarter last year.