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Share the post "Refex Renewables & Infrastructure ‘s Q2 Update: Profit Falls by 21.09% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -31.91 % over the year, decrease in net sales/revenue by -22.27 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -52.5 %, Marginal increase in other income during this quarter, up by 11.76%.
- Profit over the Year and quarter: Significant improvement in profitability for Refex Renewables & Infrastructure Limited. Notable increase of 21.09 % in net profit Year to Year, Refex Renewables & Infrastructure Limited’s profitability increased by 49.29 % in this quarter.
- EPS over the Year and quarter: EPS increased by 21.74 % Year to Year. EPS increased by 49.31 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 20.56 Cr | Rs. 18.01 Cr | Rs. 14 Cr | -22.27 % | -31.91 % |
| Expenses | Rs. 10.61 Cr | Rs. 9.19 Cr | Rs. 9.05 Cr | -1.52 % | -14.7 % |
| Operating Profit | Rs. 9.95 Cr | Rs. 8.82 Cr | Rs. 4.95 Cr | -43.88 % | -50.25 % |
| OPM % | 48.39 % | 48.97 % | 35.36 % | -13.61 % | -13.03 % |
| Other Income | Rs. 0.8 Cr | Rs. 0.34 Cr | Rs. 0.38 Cr | + 11.76 % | -52.5 % |
| Interest | Rs. 10.77 Cr | Rs. 10.3 Cr | Rs. 10.39 Cr | + 0.87 % | -3.53 % |
| Depreciation | Rs. 4.56 Cr | Rs. 4.43 Cr | Rs. 4.52 Cr | + 2.03 % | -0.88 % |
| Profit before tax | Rs. -4.58 Cr | Rs. -5.57 Cr | Rs. -9.58 Cr | -71.99 % | -109.17 % |
| Tax % | -128.82 % | -52.6 % | -32.46 % | + 20.14 % | + 96.36 % |
| Net Profit | Rs. -10.48 Cr | Rs. -8.5 Cr | Rs. -12.69 Cr | -49.29 % | -21.09 % |
| EPS in Rs | Rs. -23.23 | Rs. -18.94 | Rs. -28.28 | -49.31 % | -21.74 % |
Today, we’re looking at Refex Renewables & Infrastructure Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -31.91 %. However, it did see a marginal slip of -22.27 % from the previous quarter. Expenses decreased slightly by -1.52 % quarter-on-quarter, aligning with the annual decline of -14.7 %. Operating profit, while down -50.25 % compared to last year, faced a quarter-on-quarter dip of -43.88 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -13.03 %, but a shrinkage of -13.61 % sequentially. Other income rose by 11.76 % compared to the last quarter, despite an annual decline of -52.5 %. Interest expenses surged remarkably by 0.87 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.53 %. Depreciation costs climbed by 2.03 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.88 %. Profit before tax declined annually by -109.17 % but saw a reduction from the preceding quarter by -71.99 %.
Tax expenses as a percentage of profits increased slightly by 96.36 % compared to last year, with a more notable quarter-on-quarter increase of 20.14 %. Net profit fell by -21.09 % year-on-year but witnessed a -49.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -21.74 % but a quarterly fall of -49.31 %. 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.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 20.56 Cr | Rs. 18.01 Cr | Rs. 14 Cr | -22.27 % | -31.91 % |
| Expenses | Rs. 10.61 Cr | Rs. 9.19 Cr | Rs. 9.05 Cr | -1.52 % | -14.7 % |
| Operating Profit | Rs. 9.95 Cr | Rs. 8.82 Cr | Rs. 4.95 Cr | -43.88 % | -50.25 % |
| Net Profit | Rs. -10.48 Cr | Rs. -8.5 Cr | Rs. -12.69 Cr | -49.29 % | -21.09 % |
| EPS in Rs | Rs. -23.23 | Rs. -18.94 | Rs. -28.28 | -49.31 % | -21.74 % |
In reviewing Refex Renewables & Infrastructure Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -31.91 % year-on-year, although there was a slight dip of -22.27 % from the previous quarter. Expenses decreased by -14.7 % compared to the previous year, with a decrease of -1.52 % quarter-on-quarter. Operating Profit dropped by -50.25 % annually, and saw a -43.88 % decrease from the last quarter.
Net Profit showed yearly decrease of -21.09 %, and experienced a -49.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -21.74 % annually, however dipped by -49.31 % compared to the last quarter. In essence, while Refex Renewables & Infrastructure Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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