Refex Industries Limited — Updates, 24-04-2025: Press Release

Refex Industries Limited reported substantial growth in FY25, with an impressive 88% year-over-year rise in net profit, reaching ₹189 crore. Total income also witnessed a robust increase, soaring to ₹2,483 crore, up 79% from the previous year.

**Financial Highlights:**

- **Q4 FY25**:

- Total Income: ₹629.07 crore (+82% YoY)

- Net Profit: ₹57.09 crore (+60% YoY)

- Basic EPS: ₹4.42 (+37% YoY)

- **FY25**:

- Total Income: ₹2,483 crore (+79% YoY)

- Net Profit: ₹189 crore (+88% YoY)

- Basic EPS: ₹15.46 (+69% YoY)

**Strategic Initiatives and Growth Drivers:**

The company is enhancing its green mobility sector by transitioning its Bengaluru operations from airport taxi services to B2B and B2B2C electric mobility solutions, aiming to add 1,000 electric vehicles next year. Additionally, Refex is expanding its renewable energy footprint with the launch of Venwind Refex Power Services, focusing on operations and maintenance for wind power.

**Business Developments:**

Refex's subsidiary, Venwind Refex Power Limited, has secured a major contract to supply 153.7 MW of wind turbine generators, marking a significant step into renewable energy manufacturing.

**Investor Implications:**

With a strong financial performance and strategic shifts towards sustainable growth, Refex Industries shows a positive outlook. Investors should monitor developments in green mobility and renewable energy as potential growth drivers for continued value creation.