Refex Industries announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Refex Industries Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Refex Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 54.62 %. However, it did see a marginal increase of 74.78 % from the previous quarter. Expenses ticked up slightly by 82.87 % quarter-on-quarter, aligning with the annual rise of 55.87 %. Operating profit, while up 42.81 % compared to last year, faced a quarter-on-quarter increase of 20.09 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.73 %, but a shrinkage of -4.03 % sequentially. Other income fell by -71.23 % compared to the last quarter, despite an annual growth of 36.23 %. Interest expenses dropped significantly by -38.87 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.67 %. Depreciation costs climbed by 0.9 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.19 %. Profit before tax grew annually by 60.57 % but saw an increase from the preceding quarter by 13.03 %.
Tax expenses as a percentage of profits decreased slightly by -1.3 % compared to last year, with a more notable quarter-on-quarter increase of 9.24 %. Net profit rose by 63.43 % year-on-year but experienced a 0.62 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -69.15 % but a quarterly fall of -4.67 %. In summary, Refex Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Refex Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 54.62 % year-on-year growth, however, there was a minor increase of 74.78 % from the previous quarter. Expenses rose by 55.87 % compared to the previous year, with a 82.87 % increase quarter-on-quarter. Operating Profit surged by 42.81 % annually, and saw a 20.09 % increase from the last quarter.
Net Profit showed yearly increase of 63.43 %, and experienced a 0.62 % increase from the previous quarter. Earnings Per Share (EPS) fell by -69.15 % annually, however dipped by -4.67 % compared to the last quarter. In essence, while Refex Industries Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.