Refex Renewables & Infrastructure Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue showed a consistent increase, reaching ₹20.56 Crore in Q2 2023, indicating strong sales growth.
Other income increased, particularly in Q3 2023, reflecting improved financial management.
Operating expenses decreased, suggesting better cost control and operational efficiency.

NEGATIVES

Net profit remained negative, worsening to -₹10.48 Crore in Q3 2023, raising concerns about profitability.
Profit before tax has been consistently negative, indicating ongoing financial challenges.
Earnings per share (EPS) showed a downward trend, reaching -₹23.23 in Q3 2023, alarming investors.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Jun 25
Revenue	17.17	20.56	20.55	17.81	18.01	14	15.90	16.74
Expenses	23.45	25.94	27.80	25.24	23.92	23.96	23.69	24.06
Operating Profit	-6.28	-5.38	-7.25	-7.43	-5.91	-9.96	-7.79	-7.32
Other Income	1.04	0.80	2.41	2.53	0.34	0.38	0.36	1.89
Interest	10.66	10.77	10.66	9.50	10.30	10.39	10.85	11.36
Depreciation	3.77	4.56	4.68	4.63	4.43	4.52	4.51	4.65
Profit Before Tax	6	-4.58	-4.84	-4.90	-5.57	-9.58	-6.52	-5.43
Tax	8.53	5.90	5.73	5.93	2.93	3.11	3.65	2.08
Net Profit	-2.53	-10.48	-10.57	-10.83	-8.50	-12.69	-10.17	-7.51
Eps in Rs	-5.61	-23.23	-23.54	-24.01	-18.94	-28.28	-22.67	-16.78