Refex Industries Limited — Important, 27-01-2025: Financial Result Updates

**Consolidated Financial Summary**

Refex Industries Limited's consolidated financial results for the quarter and nine months ended December 31, 2024, show robust performance. Total revenue from operations reached ₹71,712.65 crore, reflecting a significant year-on-year increase from ₹30,598.65 crore, driven primarily by strong demand in the Ash & Coal Handling business and expansion in the refrigerant gas segment.

Net profit for the quarter stood at ₹5,005.33 crore, compared to ₹1,689.52 crore, showcasing a notable increase in profitability. Earnings per share (EPS) improved to ₹3.99, supported by effective cost management and higher sales volumes. Total operational costs rose to ₹68,260.77 crore, primarily due to increased raw material expenses and labor costs, but were offset by efficiency gains in other areas.

The balance sheet appears healthy with total assets of ₹1,60,697.11 crore and liabilities at ₹1,60,697.11 crore, indicating stable financial leverage. Cash flow from operations remains positive, providing ample liquidity for ongoing investments in growth.

Strategically, the company is focused on enhancing its market presence, particularly in renewable energy and sustainable solutions, positioning itself well in the evolving market landscape.

For investors, the outlook suggests a **buy** position, given the robust growth trajectory and solid demand in core segments, alongside efforts to optimize operational efficiency and explore new opportunities in clean energy.