{"id":44180,"date":"2024-11-14T13:40:05","date_gmt":"2024-11-14T08:10:05","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/11\/14\/refex-industries-reports-59-percent-surge-in-standalone-net-profit-of-q2-fy25\/"},"modified":"2024-11-14T13:40:05","modified_gmt":"2024-11-14T08:10:05","slug":"refex-industries-reports-59-percent-surge-in-standalone-net-profit-of-q2-fy25","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/11\/14\/refex-industries-reports-59-percent-surge-in-standalone-net-profit-of-q2-fy25\/","title":{"rendered":"Refex Industries Reports 59 Percent Surge in Standalone Net Profit of Q2 FY25"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], November 14: <\/strong>Refex Industries Limited (NSE: REFEX | BSE: 532884) is committed to promoting sustainability in India with a diverse portfolio encompassing Ash & Coal Handling, Refrigerant Gases, Power Trading, and Green Mobility, announced its Unaudited Financial Results for Q2 & H1 FY25.<\/p>\n

Key Standalone Financial Highlights:\u00a0<\/strong><\/p>\n

Q2 FY25<\/strong><\/p>\n

\u2022Total Income of \u20b9 527.64 Cr, YoY growth of 48.58%<\/p>\n

\u2022 EBITDA of \u20b9 47.69 Cr, YoY growth of 36.16%<\/p>\n

\u2022 Net Profit of \u20b9 37.32 Cr, YoY growth of 59.44%<\/p>\n

\u2022 Diluted EPS of \u20b9 3.10, YoY growth of 47.62%<\/p>\n

H1 FY25<\/strong><\/p>\n

\u2022Total Income of \u20b9 1,119.69 Cr, YoY growth of 51.64%<\/p>\n

\u2022 EBITDA of \u20b9 99.94 Cr, YoY growth of 39.58%<\/p>\n

\u2022 Net Profit of \u20b9 73.28 Cr, YoY growth of 61.35%<\/p>\n

\u2022 Diluted EPS of \u20b9 6.17, YoY growth of 51.23%<\/p>\n

Key Consolidated Financial Highlights:\u00a0<\/strong><\/p>\n

Q2 FY25<\/strong><\/p>\n

\u2022 Total Income of \u20b9 534.73 Cr, YoY growth of 49.61%<\/p>\n

\u2022 EBITDA of \u20b9 46.44 Cr, YoY growth of 35.93%<\/p>\n

\u2022 Net Profit of \u20b9 31.06 Cr, YoY growth of 44.88%<\/p>\n

\u2022 Diluted EPS of \u20b9 2.58 YoY growth of 33.68%<\/p>\n

H1 FY25<\/strong><\/p>\n

\u2022Total Income of \u20b9 1,131.94 Cr, YoY growth of 52.63%<\/p>\n

\u2022 EBITDA of \u20b9 94.87 Cr, YoY growth of 34.44%<\/p>\n

\u2022 Net Profit of \u20b9 60.41 Cr, YoY growth of 41.79%<\/p>\n

\u2022 Diluted EPS of \u20b9 5.09 YoY growth of 32.55%<\/p>\n

Other Key Highlights:\u00a0<\/strong><\/p>\n

Consolidated Revenue Composition for Q2 FY25:<\/strong><\/p>\n

\u2022 Ash & Coal Handling: \u20b9407.81 crore<\/p>\n

\u2022 Refrigerant Gas: \u20b913.63 crore<\/p>\n

\u2022 Power Trading: \u20b991.81 crore<\/p>\n

\u2022 Green Mobility: \u20b97.85 crore<\/p>\n

\u2022 Solar Power & Others: \u20b96.55 crore<\/p>\n

Commenting on the performance, Mr.\u00a0Anil Jain,\u00a0Chairman &\u00a0Managing Director said,\u00a0\u201cI am delighted to share strong performance in Q2 & H1 of FY25, reflecting our strategic focus on growth and operational efficiency.<\/p>\n

Our financial performance underscores the strength of\u00a0Refex\u2019s\u00a0diversified business model, as demonstrated by a notable year-over-year rise in total income and the resulting net profit growth. EBITDA has also witnessed impressive growth, underlining the solid execution across our key verticals and a continued emphasis on operational efficiency.<\/p>\n

The recent credit rating upgrade recognizes our strong business fundamentals across sectors like\u00a0ash & coal handling,\u00a0eco-friendly refrigerants, power trading, and green mobility.<\/p>\n

Also, our recent preferential issue\u00a0of\u00a0equity shares and warrants will enhance our capital base, supporting our ambitious expansion plans.<\/p>\n

Looking forward, we aspire to drive value creation by capitalizing on the growing demand for eco-friendly solutions across energy, logistics & mobility sectors while continuing to invest in technology and operational enhancements to position Refex at the forefront of India\u2019s green transformation.\u201d<\/p>\n

Recent\u00a0Highlights\u00a0of Refex Industries Limited<\/strong><\/p>\n\n\n\n\n
Credit Rating Upgrade<\/td>\nUpgraded to ACUITE A- (Outlook- Stable) for long-term loans and ACUITE A2+ for short-term loans.<\/td>\n<\/tr>\n
Preferential Issue<\/td>\nSuccessfully completed a\u00a0preferential\u00a0allotment\u00a0of equity shares and warrants amounting to\u00a0the tune of\u00a0\u20b9905.44\u00a0crore, allocated as follows:<\/p>\n

\u2713\u00a081,77,068\u00a0equity shares for non-promoters (\u20b9382.69\u00a0crore).<\/p>\n

\u2713\u00a01,11,70,000 warrants for promoters and non-promoters (\u20b9522.76 crore).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], November 14: Refex Industries Limited (NSE: REFEX | BSE: 532884) is committed to promoting sustainability<\/p>\n","protected":false},"author":1,"featured_media":44181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-44180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=44180"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/44181"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=44180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=44180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=44180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}