WEEE Exceeded Beyond Expectation

The Management of Eco Recycling Limited has announced that Ecoreco has achieved the splendid performance again during the first quarter ended on 30 June 2021.

As I mentioned in my previous communication that "We are looking forward for very exciting times for the company in coming years, which should accelerate its growth both in terms of revenue and profitability. "I am pleased to inform that for the quarter ended 30" June, 2021, the company achieved net profit of Rs. 627 Lacs as against Rs. 150 Lacs in the corresponding quarter of the previous financial year. This works out to an Earning of Rs. 3.25 Per Share on quarterly basis.

There are several factors responsible for this splendid performance including multifold increase in our Fee Based Business, received from our global clients present in more than 100 countries. We are also thankful to our SEZ Clients, who prefers our services while discarding their Waste Electrical & Electronic Equipment (WEEE).

Shares of Eco Recycling Limited was last trading in BSE at Rs. 81.7 as compared to the previous close of Rs. 82.7. The total number of shares traded during the day was 134121 in over 1411 trades.

The stock hit an intraday high of Rs. 83.7 and intraday low of 78.6. The net turnover during the day was Rs. 10632716.

Source : Equity Bulls

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