Refex Industries Ltd

The scope of order includes O&M of the existing ash handling system & spares management, and the daily utilization/lifting of fly ash, pond ash, and hydrobin ash. The contract is valid for a period of three years, up to 31st March 2028. Refex Industries, headquartered in Chennai, is a pioneer in sustainability driven solutions in India. With over 22 years of expertise, the company has built a diverse portfolio encompassing ash & coal handling, eco-friendly refrigerant gases, green mobility initiatives, and wind energy solutions. The company reported 39.8% surge in consolidated net profit to Rs 47.92 crore in Q4 FY25 compared with Rs 34.27 crore in Q4 FY24. Revenue from operations soared 83.4% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. The counter advanced 1.06% to end at Rs 444.15 on the BSE.Powered by Capital Market - Live

Refex Industries announced that the 23th Annual General Meeting(AGM) of the company will be held on 18 July 2025.Powered by Capital Market - Live

Refex Industries has allotted 98,334 equity shares under ESOP on 05 June 2025. Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from Rs 25,83,64,546/- (divided into 12,91,82,273 equity shares of face value of Rs 2/- each) to Rs 25,85,61,214/- (divided into 12,92,80,607 equity shares of face value of Rs 2/- each). Powered by Capital Market - Live

Revenue from operations soared 83.36% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 59.52 crore in Q4 FY25, up 62.71% as against Rs 36.58 crore recorded in Q4 FY24. On the segmental front, revenue from the ash & coal handling business stood at Rs 591.69 crore, marking a 94.52% YoY increase. Revenue from refrigerant gas manufacturing (refilling) and sales was Rs 16.60 crore, down 30.89% YoY. Revenue from electric vehicles stood at Rs 15.45 crore, reflecting a 210.86% YoY increase during the period under review. Additionally, revenue from power trading dropped 41.23% YoY to Rs 1.24 crore, while revenue from solar power generation and related activities increased 14.40% YoY to Rs 2.78 crore during the quarter. On a full-year basis, the company's consolidated net profit soared 69.14% to Rs 158.78 crore on a 78.44% surge in revenue to Rs 2,467.66 crore in FY25 over FY24. Anil Jain, chairman & managing director of Refex Industries said, 'FY25 marks another defining chapter in our journey as we continue to steer Refex towards sustainable, future-focused growth. Our performance reflects the strength of our diversified business model and the strategic realignments we've made across key verticals. During the year, we made decisive moves to strengthen and expand our green mobility vertical'a segment we are actively investing in for long-term growth. The recent realignment of our Bengaluru operations w.r.t. the phase out of our airport taxi operations reflects our sharpened focus on B2B and B2B2C opportunities that will be anchored in long-term partnerships and stable demand. In the renewable energy space, we advanced our clean energy strategy with the formation of Venwind Refex Power Limited that will focus on manufacturing, supply, and commissioning of wind turbines. Another step-down subsidiary, Venwind Refex Power Services, was incorporated, which will undertake O&M services for wind. As we scale sustainably across sectors, Refex remains steadfast in its purpose to enable India's green transition while creating enduring value for all.' Refex Industries, headquartered in Chennai, is a pioneer in sustainability-driven solutions in India. With over 22 years of expertise, it has built a diverse portfolio encompassing ash and coal handling, eco-friendly refrigerant gases, power trading, and green mobility initiatives. Furthering its commitment to sustainability, it has forayed into electric mobility through its subsidiary, Refex Green Mobility. This division offers electric vehicle (EV) services for passenger mobility, addressing corporate transportation needs and B2B2C use cases with four-wheeler EVs. The counter slipped 3.32% to Rs 470 on the BSE. Powered by Capital Market - Live

Net profit of Refex Industries rose 39.83% to Rs 47.92 crore in the quarter ended March 2025 as against Rs 34.27 crore during the previous quarter ended March 2024. Sales rose 83.37% to Rs 627.76 crore in the quarter ended March 2025 as against Rs 342.35 crore during the previous quarter ended March 2024. For the full year,net profit rose 68.72% to Rs 158.38 crore in the year ended March 2025 as against Rs 93.87 crore during the previous year ended March 2024. Sales rose 78.44% to Rs 2467.66 crore in the year ended March 2025 as against Rs 1382.87 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales627.76342.35 83 2467.661382.87 78 OPM %10.1712.05 -8.5010.56 - PBDT71.1440.72 75 232.48134.87 72 PBT59.5236.56 63 199.91121.33 65 NP47.9234.27 40 158.3893.87 69 Powered by Capital Market - Live

Refex Industries will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

Refex Green Mobility (RGML), subsidiary of Refex Industries, has updated the recent development regarding the proposed asset takeover of 2,997 electric vehicle ('EV') from Gensol Engineering (Gensol). RGML after constructive discussions and due consideration, has mutually decided with Gensol Engineering not to proceed with the proposed transaction for the takeover of vehicles from Gensol Engineering. This decision has been arrived at due to the evolving commitments at both ends, which would make it challenging to conclude the transaction within the originally envisaged timeline. The parties have therefore agreed to not move forward with the transaction at this stage. Powered by Capital Market - Live

In a regulatory filing made during market hours today, the company informed that Refex Green Mobility (Refex eVeelz), a wholly owned subsidiary of Refex Industries, has entered into an agreement with one of India's largest ride-hailing platforms to induct and operate 1,000 electric four-wheelers (e4Ws) across Chennai, Hyderabad, Bengaluru, and Mumbai in FY26. The ride-hailing platform will continue to cater to demand and build new mobility categories, while Refex eVeelz will focus on seamless service delivery, ensuring reliable and sustainable transportation solutions. Refex eVeelz currently operates a fleet of nearly 1,300 electric vehicles at present, across multiple cities such as Chennai, Bengaluru, Hyderabad, Mumbai, and Pune. The addition of 1,000 new e4Ws, combined with the organic growth of its fleet size in the employee transportation segment, will further solidify its role in driving the mainstream adoption of electric mobility solutions across India. Anil Jain, managing director of Refex Industries, said: At Refex eVeelz, we are committed to playing a leading role in shaping the future of sustainable mobility in India. This strategic expansion not only strengthens our presence across key metropolitan cities but also aligns with our long-term vision of enabling a cleaner, smarter, and more efficient transportation ecosystem. Refex Industries (RIL) is primarily into coal trading to power plants, coal handling services, and refillery of refrigerant gases in India. RIL has also forayed into the logistic services to power plants, such as handling and disposal of fly ash and crushing of uncrushed coal. The company also operates a solar power plant at Vituza village, Barmer, Rajasthan. The company's consolidated net profit surged to Rs 50.05 crore in the quarter ended December 2024 as against Rs 16.89 crore during the previous quarter ended December 2023. Sales rose 134.36% to Rs 717.13 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

Net profit of Refex Industries rose 196.33% to Rs 50.05 crore in the quarter ended December 2024 as against Rs 16.89 crore during the previous quarter ended December 2023. Sales rose 134.36% to Rs 717.13 crore in the quarter ended December 2024 as against Rs 305.99 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales717.13305.99 134 OPM %7.1311.20 - PBDT68.2229.17 134 PBT59.3125.19 135 NP50.0516.89 196 Powered by Capital Market - Live

Revenue from operations stood at Rs 717.12 crore in Q3 FY25, steeply higher than Rs 305.98 crore posted in Q3 FY24. Profit before tax (PBT) soared 135.45% to Rs 59.31 crore during the quarter as against Rs 25.19 crore posted in corresponding quarter last year. On the segmental front, revenue from the Ash & Coal handling business stood at Rs 683.46 crore, marking a 158.71% YoY increase. Revenue from refrigerant gas manufacturing (refiling) and sales was Rs 10.44 crore, up 17.27% YoY. Revenue from electric vehicles stood at Rs 8.87 crore, reflecting a 97.99% YoY increase during the period under review. Additionally, revenue from power trading jumped 73.96% YoY to Rs 11.76 crore, while revenue from solar power generation and related activities increased 10.73% YoY to Rs 2.58 crore during the quarter. Refex Industries, headquartered in Chennai, is a pioneer in sustainability-driven solutions in India. With over 22 years of expertise, it has built a diverse portfolio encompassing Ash & Coal Handling, eco-friendly Refrigerant Gases, Power Trading, and Green Mobility initiatives. Furthering its commitment to sustainability, it has forayed into electric mobility through its subsidiary, Refex Green Mobility. This division offers electric vehicle (EV) services for passenger mobility, addressing corporate transportation needs and B2B2C use cases with four-wheeler EVs.Powered by Capital Market - Live