Refex Industries Limited — Updates, 27-01-2025: Press Release

Refex Industries Limited reported a significant rise in standalone net profit of 200.12% for Q3 FY25, reaching ₹59.04 Cr compared to ₹19.67 Cr in Q3 FY24. Total income surged to ₹733.48 Cr, a 140.71% increase year-on-year. For the first nine months of FY25, net profit stood at ₹132.31 Cr, up 103.58%, with total income of ₹1,853.44 Cr, reflecting a 77.70% increase.

The company’s diversified revenue composition highlights that Ash & Coal Handling remains the primary contributor at ₹683.46 Cr for Q3 FY25. Strong growth in the green mobility sector is also notable, underlined by the acquisition of nearly 3,000 EVs from Gensol, signaling a strategic commitment to sustainability and cleaner transportation solutions.

The surge in profits, alongside expanded operations in green initiatives, provides a positive outlook for investors, showcasing Refex's persistent growth in a competitive landscape while reinforcing their focus on environmental responsibility.