REFEX RENEWABLES Q2 : CONS NET PROFIT TURNAROUND AT ₹23.73 CR (YOY), TURNAROUND (QOQ). MIX (On 1st Look)

• Revenue up 17.2% at ₹16.73 Cr (YOY), down 24.6% (QOQ). • Profit before exceptional items ₹1.85 Cr v loss of ₹12.41 Cr (YOY); Q1 FY27 loss ₹1.28 Cr. • Profit boosted by exceptional gain of ₹23.78 Cr from write-back of liabilities, trademark and investment sale under restructuring. • Other income ₹13.49 Cr, including ₹12.67 Cr gain on disposal of loss-making Ishaan Solar and SEI Tejas. • Subsidiary Refex Green Power won two 80 MW wind projects under SECI and SJVN bids with 25-year PPAs. • Caution: net worth fully eroded, auditor flagged material uncertainty on going concern; promoter support letter obtained.

Refex Renewables & Infrastructure Ltd

Open attachment

← Back to feed