Refex Renewables & Infrastructure ‘s Q1 Update: Profit Falls by 235.97% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Refex Renewables & Infrastructure 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 Renewables & Infrastructure 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 4.89 %. However, it did see a marginal increase of 1.12 % from the previous quarter. Expenses decreased slightly by -17.28 % quarter-on-quarter, aligning with the annual rise of 1.88 %. Operating profit, while up 8.22 % compared to last year, faced a quarter-on-quarter increase of 31.64 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.5 %, but an expansion of 11.35 % sequentially. Other income fell by -86.56 % compared to the last quarter, despite an annual decline of -97.23 %. Interest expenses surged remarkably by 8.42 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.38 %. Depreciation costs fell by -4.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.51 %. Profit before tax declined annually by -192.83 % but saw a reduction from the preceding quarter by -13.67 %.
Tax expenses as a percentage of profits decreased slightly by -194.77 % compared to last year, with a more notable quarter-on-quarter increase of 68.42 %. Net profit fell by -235.97 % year-on-year but experienced a 21.51 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -237.61 % but a quarterly rise of 21.12 %. In summary, Refex Renewables & Infrastructure Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Refex Renewables & Infrastructure Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.89 % year-on-year growth, however, there was a minor increase of 1.12 % from the previous quarter. Expenses rose by 1.88 % compared to the previous year, with a decrease of -17.28 % quarter-on-quarter. Operating Profit surged by 8.22 % annually, and saw a 31.64 % increase from the last quarter.
Net Profit showed yearly decrease of -235.97 %, and experienced a 21.51 % increase from the previous quarter. Earnings Per Share (EPS) fell by -237.61 % annually, however rose by 21.12 % compared to the last quarter. In essence, while Refex Renewables & Infrastructure 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.