H1 revenue numbers have surpassed overall FY22 revenue numbers Refex Industries Limited (Refex) reported its financial results for the quarter ending September 30, 2022.Nearly 33% QoQ revenue growth and 69% QoQ EBITDA growth.
Particulars (Rs. Cr)
- Q2FY23
- Q2FY22
- H1FY23
- H1FY22
- Income from Operations
- 353.43 crs
- 93.95 crs
- 618.62 crs
- 177.32 crs
- EBITDA
- 36.91 crs
- 12.20 crs
- 58.82 crs
- 23.83 crs
- Net Debt to EBITDA
- 2.65 times
- 0.24 times
Q2FY23 Highlights
- Revenue increased 33.28% QoQ from Rs. 265.19 crs to Rs. 353.43 crs, 276.20% YoY from Rs. 93.94 crs in Q2FY22 to Rs. 353.43 crs in Q2FY23.
- Net Debt/EBITDA stood at 2.65 times.
We have seen a healthy growth of revenue as well as improved profitability in Q2 FY23.
Increased orders have brought in increased revenue in the coal and fly ash handling segment and the refrigerant gas segment.
“the results in the quarter have been healthy, and we will continue to work hard to generate value for our stakeholders in the coming quarters as well as in line with our thrust towards ESG.”
Commenting on the quarter gone by, Anil Jain, Managing Director, Refex Industries Limited, said,
Other important events in Q2:
- Refex celebrated its 20th anniversary.
- ESOPs were granted to the employees.
- Awards:
- Refex Group was named a Gold Stevie award winner in the conglomerate’s category (medium size)
- Anil Jain, MD, Refex announced as a bronze Stevie award winner for the ‘Best Entrepreneur of the Year in the conglomerate’s category (medium size)
