Refex Industries Limited — Important, 13-11-2024: Updates

### Investor Presentation Summary

**Financial Highlights:**

In Q2 FY25, Refex Industries reported a total income of ₹527.64 crore, up 48.58% YoY. The EBITDA stood at ₹47.69 crore with a margin of 9.18%. PAT rose significantly to ₹37.32 crore, reflecting a 59.44% increase, with a PAT margin of 7.07%. For H1 FY25, total income reached ₹1,119.69 crore, marking a 51.64% rise, while EBITDA and PAT were ₹99.94 crore and ₹73.28 crore, respectively.

**Strategic Initiatives and Growth Drivers:**

Refex is prioritizing capacity expansion in its Ash & Coal Handling segment and plans to enter 10 new states. They aim to double ash collection capacity and increase their fleet through additional acquisitions. In refrigerant gases, the company is targeting large OEMs for bulk orders and is focused on increasing its EV fleet to 5,000 by FY27.

**Business Developments:**

The company commenced operations to diversify its power trading portfolio, engaging in various contract types across the nation. Additionally, the Green Mobility division seeks geographic expansion beyond Bengaluru and Chennai to meet rising eco-friendly transport demand.

**Market Position and Competitive Advantage:**

Refex holds a strong position in the environmentally-conscious sectors of refrigerants and sustainable coal handling, recognized as a top 10 power trader in India. The company’s ongoing commitment to innovation and sustainability aligns well with the expanding market opportunities.

**Investor Implications:**

Refex's robust financial growth and strategic expansions present a positive outlook. Investors should watch closely as the company navigates growth in sustainable solutions across multiple sectors while capitalizing on emerging opportunities in the renewable energy and electric vehicle markets.