Latest news with #RefexIndustries
Business Standard
2 days ago
- Business
- Business Standard
Refex Industries consolidated net profit declines 29.50% in the June 2025 quarter
Sales decline 35.15% to Rs 383.25 crore Net profit of Refex Industries declined 29.50% to Rs 21.17 crore in the quarter ended June 2025 as against Rs 30.03 crore during the previous quarter ended June 2024. Sales declined 35.15% to Rs 383.25 crore in the quarter ended June 2025 as against Rs 590.94 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 383.25590.94 -35 OPM % 9.878.19 - PBDT 38.5644.66 -14 PBT 24.4239.05 -37 NP 21.1730.03 -30
Time of India
4 days ago
- Automotive
- Time of India
Refex Mobility appoints former Blusmart executive Anirudh Arun as CEO
Arun was among the executives who exited BluSmart at the time of the debt repayment crisis in March. Along with Arun, CTO Rishabh Sood and chief business officer Tushar Garg had also exited. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Refex EVeelz, an electric mobility solutions provider that was rebranded to Refex Mobility , on Monday said it has appointed former Blusmart Fleet CEO Anirudh Arun as chief executive officer (CEO), it said in a stock exchange was among the executives who exited BluSmart during its debt repayment crisis in March, alongside chief technology officer (CTO) Rishabh Sood and former Uber India executive Tushar Garg, who served as the company's chief business officer (CBO).Reflex Mobility has also named former BluSmart AVP of global growth, Ankit Grover, as its CBO. In this role, he will focus on driving revenue growth by strengthening enterprise partnerships and expanding corporate client engagements, the company March 21, Chennai-based Refex Industries had called off its deal with BluSmart's associated entity, Gensol Engineering , under which Gensol was to sell 2,997 electric vehicles (EVs) to Refex Industries . ET had reported that the transaction did not proceed, given the condition of the cars that have been operating on is also one of the fleet operators for ride-hailing platform Uber . It had earlier partnered with Uber to deploy 1,000 electric cars across key Indian cities by Refex has raised its stake in its subsidiary, Venwind Refex Power Limited (VRPL), which operates in the power and energy sector focussing on wind power and related company has infused further capital, thereby increasing its equity holding by 8.50%—from 67% to 75.50%—in VRPL, a subsidiary of the company, it to the company, part of the outstanding unsecured loan amounting to Rs 59 crore is being converted into 34,693 equity shares of VRPL of face value Rs 10 each at a premium of Rs 17,265 per share.
Business Standard
08-07-2025
- Business
- Business Standard
Refex Inds bags order worth Rs 250-cr from GENCO
Refex Industries said that it has received an order worth Rs 250 crore from state-owned power generation company (GENCO) for comprehensive ash disposal along with operation & maintenance (O&M) of fly ash systems. The scope of order includes O&M of the existing ash handling system & spares management, and the daily utilization/lifting of fly ash, pond ash, and hydrobin ash. The contract is valid for a period of three years, up to 31st March 2028. Refex Industries, headquartered in Chennai, is a pioneer in sustainability driven solutions in India. With over 22 years of expertise, the company has built a diverse portfolio encompassing ash & coal handling, eco-friendly refrigerant gases, green mobility initiatives, and wind energy solutions. The company reported 39.8% surge in consolidated net profit to Rs 47.92 crore in Q4 FY25 compared with Rs 34.27 crore in Q4 FY24. Revenue from operations soared 83.4% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. The counter advanced 1.06% to end at Rs 444.15 on the BSE.
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Business Standard
08-07-2025
- Business
- Business Standard
Refex Industries shares rise 4% after winning ₹250-crore order from GENCO
Refex Industries shares rose 4 per cent in trade, logging an intraday high at ₹462.35 per share. At 9:33 AM, Refex Industries shares were trading 3.14 per cent higher at ₹458.1 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 83,542.4. The company's market capitalisation stood at ₹5,922.34 crore. Its 52-week high was at ₹600 per share and the 52-week low was at ₹204 per share. Why were Refex Industries shares buzzing in trade? The counter saw buying after the company procured an order for comprehensive ash disposal along with the operation and maintenance of fly ash systems from GENCO. The order is worth ₹250 crore and has to be completed by March 31, 2028. "We wish to inform you that Refex Industries Limited (RIL), has procured an order for comprehensive ash disposal along with operation & maintenance of fly ash systems from a prominent GENCO for a tenure of 3 years," the filing read. According to the filing, the scope of supply and services is operation and maintenance of the existing Ash Handling System and Spares management, utilisation/lifting of fly ash on a daily basis, and utilisation/lifting of pond ash and hydrobin ash on a daily basis. Other than this, recently, the company's board increased the authorised share capital from ₹40 crore, divided into 17,50,00,000 shares of ₹2 each, and 5,00,000 cumulative redeemable preference shares of ₹100 each, to ₹100 crore divided into 47,50,00,000 shares of ₹2 each, and 5,00,000 cumulative redeemable preference shares of ₹100 each. The amount was raised considering the future expansion plan, additional capital may be required to fund the growth and operations of the company and to facilitate any fundraising in the future via the further issue of equity shares of the company, it is imperative to increase the authorized share capital of the company from ₹40 crore to ₹100 crore, by creation of additional 30 crore equity shares of ₹2 each, aggregating to ₹60 crore. About Refex Industries Refex Industries is a specialist manufacturer and re-filler of Refrigerant gases in India, particularly, environmentally acceptable gases that are replacements for Chloro-fluoro-carbons (CFC's). These are used primarily as refrigerants, foam-blowing agents, and aerosol propellants. The company exercises superior quality control and efficiency with the aid of sophisticated and novel computer technology. Refex is committed to being an exemplary player in terms of safety, protection of health and environment, and sustainable development.
Business Standard
05-06-2025
- Business
- Business Standard
Refex Industries allots 98,334 equity shares under ESOP
Refex Industries has allotted 98,334 equity shares under ESOP on 05 June 2025. Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from Rs 25,83,64,546/- (divided into 12,91,82,273 equity shares of face value of Rs 2/- each) to Rs 25,85,61,214/- (divided into 12,92,80,607 equity shares of face value of Rs 2/- each). Powered by Capital Market - Live News
