Eco Recycling Q1 Results Record Profit with Total Income of ₹11.40 Cr and PAT of ₹7.99 Cr

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.

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Eco Recycling Q1 Results 2024-2025

Here is a summary of Eco Recycling's financial performance for Q1 of 2024-2025.

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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.

Quarterly Results

Here is a summary of Eco Recycling’s quarterly financial results for December 2023, March 2024, and June 2024.

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.

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