Latest news with #RefexIndustries
Business Standard
3 days ago
- 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
Mint
28-05-2025
- Business
- Mint
Reliance Infra, Va Tech Wabag among 18 micro-cap stocks that surged up to 24% in a week amid stock market volatility
Microcap stocks in focus: Shares of Va Tech Wabag, Reliance Infrastructure, Refex Industries, Gopal Snacks, Prince Pipes & Fittings, Subros, and Neogen Chemicals are among 18 micro-cap stocks that defied market volatility to deliver double-digit gains over the past week. Despite the back-and-forth movement in frontline indices amid global headwinds—including rising trade tensions, US fiscal concerns, and higher bond yields—as well as positive domestic tailwinds such as reports of India becoming the fourth-largest economy, the RBI's bumper dividend, and a steady rise in the rupee, several often-overlooked micro-cap stocks have managed to shine amid ongoing market volatility. These stocks span sectors such as pharma, FMCG, industrials, utilities, chemicals & petrochemicals, and fertilisers. Some counters witnessed a spike in demand following the release of their March quarter results, while others rallied on the back of recent order wins and value buying at lower levels. The Nifty Microcap 250 index rose 2.33% over the past week and 9% over the past month, outperforming the Nifty 50, which gained 0.30% and 3% during the same periods. Shilpa Medicare's stock surged 24.3% over the past week, pushing its May gains to 36%, the highest monthly rise since February 2020. The rally is driven by multiple positive developments, including its subsidiary Shilpa Pharma Lifesciences receiving an EIR from the USFDA and its biologics arm obtaining European GMP certification for its Dharwad facility, with zero inspection observations. Dishman Carbogen Amcis is another stock from the pharma pack that maintained a steady upward trajectory, gaining 22.2% in a week. Enviro Infra Engineers' shares also jumped 20%, while those of Prince Pipes & Fittings, Sequent Scientific, Gopal Snacks, and Refex Industries delivered returns of up to 14%. Stock Name Returns in last one week Shilpa Medicare 24% Dishman Carbogen Amics 22.2% Enviro Infra Engineers 20% Prince Pipes & Fittings 17.3% Sequent Scientific 15.8% Gopal Snacks 14.4% Refex Industries 13.8% Va Tech Wabag 12.9% Subros 12% Venus Pipes & Tubes 11.9% Reliance Infrastructure 11.7% ITD Cementation India 11.4% ISGEC Heavy Engineering 10.8% Kaveri Seed Company 10.3% Neogen Chemicals 10.1% Transrail Lighting 10.1% India Glycols 10% Lloyds Enterprises 10% Source: Trendlyne On the back of steady order wins, coupled with a healthy performance in the March quarter, Va Tech Wabag's share price jumped 13% in a week. The Indian water treatment company has secured new orders worth roughly ₹ 57 billion this year, increasing its order book to around ₹ 137 billion, including framework agreements. Likewise, Reliance Infrastructure's share price also surged 12%. The company-promoted Reliance Defence and Düsseldorf-based Rheinmetall AG entered into a strategic partnership in the field of ammunition on May 22. This marks the third major partnership for Reliance Defence, following its successful strategic alliances with Dassault Aviation and the Thales Group of France, the company said in its May 23 press release. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the market is likely to consolidate around current levels in the near term. With mutual funds holding sizeable cash reserves, any dip is expected to be bought into, while high valuations may lead to selling on rallies. He noted that a sustained rally will only occur once leading indicators point to a revival in earnings growth, which may take some time. Vijayakumar also highlighted a slow accumulation in rate-sensitive sectors like autos, driven by expectations of further rate cuts amid declining inflation. Additionally, he pointed out that investors are now staying invested through SIPs for longer periods than before, which is expected to provide underlying support to the market. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
24-04-2025
- Business
- Business Standard
Refex Inds Q4 PAT climbs 41% YoY to Rs 48 cr
Refex Industries reported 41.03% surge in consolidated net profit to Rs 48.32 crore in Q4 FY25 compared with Rs 34.26 crore in Q4 FY24. Revenue from operations soared 83.36% YoY to Rs 627.76 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 59.52 crore in Q4 FY25, up 62.71% as against Rs 36.58 crore recorded in Q4 FY24. On the segmental front, revenue from the ash & coal handling business stood at Rs 591.69 crore, marking a 94.52% YoY increase. Revenue from refrigerant gas manufacturing (refilling) and sales was Rs 16.60 crore, down 30.89% YoY. Revenue from electric vehicles stood at Rs 15.45 crore, reflecting a 210.86% YoY increase during the period under review. Additionally, revenue from power trading dropped 41.23% YoY to Rs 1.24 crore, while revenue from solar power generation and related activities increased 14.40% YoY to Rs 2.78 crore during the quarter. On a full-year basis, the companys consolidated net profit soared 69.14% to Rs 158.78 crore on a 78.44% surge in revenue to Rs 2,467.66 crore in FY25 over FY24. Anil Jain, chairman & managing director of Refex Industries said, FY25 marks another defining chapter in our journey as we continue to steer Refex towards sustainable, future-focused growth. Our performance reflects the strength of our diversified business model and the strategic realignments weve made across key verticals. During the year, we made decisive moves to strengthen and expand our green mobility verticala segment we are actively investing in for long-term growth. The recent realignment of our Bengaluru operations w.r.t. the phase out of our airport taxi operations reflects our sharpened focus on B2B and B2B2C opportunities that will be anchored in long-term partnerships and stable demand. In the renewable energy space, we advanced our clean energy strategy with the formation of Venwind Refex Power Limited that will focus on manufacturing, supply, and commissioning of wind turbines. Another step-down subsidiary, Venwind Refex Power Services, was incorporated, which will undertake O&M services for wind. As we scale sustainably across sectors, Refex remains steadfast in its purpose to enable Indias green transition while creating enduring value for all. Refex Industries, headquartered in Chennai, is a pioneer in sustainability-driven solutions in India. With over 22 years of expertise, it has built a diverse portfolio encompassing ash and coal handling, eco-friendly refrigerant gases, power trading, and green mobility initiatives. Furthering its commitment to sustainability, it has forayed into electric mobility through its subsidiary, Refex Green Mobility. This division offers electric vehicle (EV) services for passenger mobility, addressing corporate transportation needs and B2B2C use cases with four-wheeler EVs. The counter slipped 3.32% to Rs 470 on the BSE.
Business Standard
24-04-2025
- Business
- Business Standard
Refex Industries consolidated net profit rises 39.83% in the March 2025 quarter
Sales rise 83.37% to Rs 627.76 crore Net profit of Refex Industries rose 39.83% to Rs 47.92 crore in the quarter ended March 2025 as against Rs 34.27 crore during the previous quarter ended March 2024. Sales rose 83.37% to Rs 627.76 crore in the quarter ended March 2025 as against Rs 342.35 crore during the previous quarter ended March 2024. For the full year,net profit rose 68.72% to Rs 158.38 crore in the year ended March 2025 as against Rs 93.87 crore during the previous year ended March 2024. Sales rose 78.44% to Rs 2467.66 crore in the year ended March 2025 as against Rs 1382.87 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 627.76342.35 83 2467.661382.87 78 OPM % 10.1712.05 - 8.5010.56 - PBDT 71.1440.72 75 232.48134.87 72 PBT 59.5236.56 63 199.91121.33 65 NP 47.9234.27 40 158.3893.87 69
