Refex Industries Q1 Results Revenue Hits ₹595.12 Crores with YoY Growth

Refex Industries Q1 Results: Refex Industries released its financial results for the first quarter of the fiscal year 2024. In this quarter, the total revenue was ₹595.12 crores. This shows a decrease of 5% compared to the previous quarter (QoQ) when the revenue was ₹630.13 crores. However, there is a significant increase of 55.7% when compared to the same quarter last year, which was ₹382.33 crores. The company had total operating expenses of ₹552.31 crores in this quarter, which is slightly down by 0.4% from the previous quarter but up 58.5% year-over-year (YoY) compared to ₹348.61 crores last year.

Refex Industries’ Net income for the quarter was ₹30.03 crores, representing a decrease of 40.8% QoQ from ₹50.67 crores in the previous quarter. Nevertheless, year-over-year (YoY), this figure has increased by 41.0% compared to ₹21.27 crores in the same quarter last year. The diluted normalized earnings per share (EPS) were ₹2.50, which is down 45% from ₹4.55 in the previous quarter but up 29.6% year-over-year (YoY) compared to ₹1.93 from last year. Overall, while Refex Industries faced a decline in some areas compared to the previous quarter, it showed strong growth year-over-year (YoY).

Here are the quarterly results for Refex Industries for Q1, presented in a simple format:

(Rs. in crores, except the shares data)

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Refex Industries Q1 Results

Refex Industries has released its financial results for the quarter ended June 30, 2024. The company generated a total income of 59,205.19 Lakhs, which includes revenue from operations of 58,965.25 Lakhs and other income of 239.94 Lakhs. This shows a strong performance compared to the previous quarter. The total expenses for this quarter were 54,399.37 Lakhs. Major expenses included costs for materials and services consumed, which were 7,622.67 Lakhs, and purchases of stock, amounting to 46,609.53 Lakhs. Despite the high expenses, Refex Industries reported a profit before tax of 4,805.82 Lakhs. 

Refex Industries After accounting for taxes, which totaled 1,209.00 Lakhs, the net profit for the quarter was 3,596.82 Lakhs. This indicates a positive growth in profitability compared to the previous quarter. The company’s basic earnings per share (EPS) for this quarter was 3.11, suggesting good returns for its shareholders. The financial health of Refex Industries appears to be stable, with solid revenue and profit margins, making it a noteworthy player in its industry. Overall, these results reflect the company’s effective management and growth strategies in the competitive market.

Here’s a summarized version of the financial results you provided, formatted in a clearer table structure:

(Rs. In Lakhs)

Refex Industries Stock Performance

Refex Industries has a market capitalization of ₹6,570 crores, indicating its total value in the stock market. The current price of its shares is ₹544, which is the amount investors pay for one share. The stock reached a high of ₹600 and a low of ₹102 in recent trading. Its Price-to-Earnings (P/E) ratio is 65.1, showing that investors are willing to pay more for each unit of profit. The book value per share is ₹40.2, indicating the company's net asset value. With a dividend yield of 0.02%, shareholders receive a small return on their investment. 

Here’s the information you provided in a clear table format:

Quarterly Results 

Refex Industries' quarterly data shows important financial trends for Dec 2023, Mar 2024, and Jun 2024. In Dec 2023, the company made ₹306 crores in sales and had a profit of ₹17 crores. By Mar 2024, sales increased to ₹342 crores, and net profit rose significantly to ₹33 crores, indicating strong growth and improved performance. However, in Jun 2024, sales jumped to ₹595 crores, but net profit decreased to ₹29 crores.

Here’s the data for the quarters Dec 2023, Mar 2024, and Jun 2024 along with their particulars:

About Refex Industries

Refex Industries is a leading company in India that specializes in manufacturing and refilling refrigerant gases. These gases are environmentally friendly and are designed to replace harmful substances known as Chloro-fluoro-carbons (CFCs). RIL uses advanced technology to ensure high quality and efficiency in its production process. The company is committed to safety, protecting health, and caring for the environment. T

Refex Industries focus on sustainable development, which means they aim to meet today’s needs without harming future generations. Refex Industries believes in strong values like integrity, professionalism, and dedication. Their goal is to build strong relationships with clients while striving to be a global player in the air-conditioning industry. By practicing cleaner and greener solutions, RIL aims to enhance the quality of its products and deliver the best results for customers, employees, and society as a whole.