Refex Industries Limited reports its financial results for Q3

Mumbai/Chennai, February 2023: Refex Industries Limited (Refex) reported its financial results for the quarter ending December 31, 2022.

Nearly 3 times revenue growth from Q3 FY22 to Q3 FY23;

Particulars (Rs. Cr) Q3FY23 Q3FY22 9 months FY23 9 months FY22
Revenue from Operations 380.40 Cr 89.72 Cr 999.02 Cr 267.03 Cr
EBITDA 39.61 Cr 12.26 Cr 98.43 Cr. 36.10 Cr

Q2FY23 Highlights

Q-o-Q increase in revenue of Rs. 26.97 Cr from Q2 FY23 to Q3 FY23

Operational revenue increased from Rs. 267.04 Cr in the first 9 months of FY22 (April 2021 – December 2021) to Rs. 999.02 Cr in the first 9 months of FY23 (April 2022 – December 2022)

This quarter has shown a remarkable and noteworthy result which is a testimony to our efforts and commitment. The business segments have been able to keep the momentum that had been achieved through Q1 & Q2 and the consistent efforts will continue to carry the momentum to coming quarters and years.

Commenting on the quarter gone by, Anil Jain, Managing Director, Refex Industries Limited, said, “this quarter has shown noteworthy results and this is in line with our efforts where we have worked hard to generate value for our stakeholders. Our focus towards maintaining a healthy growth has helped us maintain the momentum which had been achieved through Q1 & Q2 this year, and we will continue to work hard, and maintain our thrust towards ESG, in our endeavours in the coming quarter as well as subsequent years”

Other important events in Q3:

Road Safety Week celebrated as part of our ESG initiatives
ESOPs were granted to the employees

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