Eco Recycling Ltd (ECORECO) — concall transcript | 30 June 2024

Eco Recycling Limited reported robust Q1 FY25 growth with revenue up 69.48% YoY to Rs. 13.44 crores (standalone 86.46% to Rs. 12.53 crores), EBITDA surging 76.38% to Rs. 10.23 crores, and PAT rising 73.04% to Rs. 8.15 crores. EBITDA margin expanded 298 basis points to 76.12% and PAT margin improved 125 basis points to 60.64%, driven by capacity expansion to 25,200 MT and premium pricing under the EPR framework. Management highlighted Rs. 50 crores CapEx in plant and machinery, with plans to evaluate further expansion based on performance through September 2025, and anticipated EPR fee increases to bridge price gaps with informal recyclers. The company emphasized compliance as a key differentiator and targeted 100,000 MT capacity within 5-7 years while leveraging government green subsidies.