Refex Industries Limited — Updates, 13-11-2024: Press Release

Refex Industries Limited reported a significant growth in financial performance for Q2 and H1 FY25, with standalone net profit surging by 59.44% year-over-year to ₹37.32 crore, driven by a total income increase of 48.58% to ₹527.64 crore. EBITDA also rose by 36.16%, illustrating strong operational execution. The consolidated figures mirrored standalone growth, with net profit at ₹31.06 crore and total income at ₹534.73 crore, representing year-over-year increases of 44.88% and 49.61%, respectively.

The company's diversified revenue streams include ₹407.81 crore from ash and coal handling, and ₹91.81 crore from power trading, underpinning its strategic focus on sustainability across various verticals. Mr. Anil Jain, the Chairman, emphasized the positive outlook, particularly following a credit rating upgrade to ACUITE A- for long-term loans. Additionally, a preferential allotment of equity shares and warrants worth ₹905.44 crore strengthens the capital base, supporting ambitious expansion plans in the eco-friendly solutions sector, which remains a key growth driver for the company.