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Refex Industries Revenue Rises From Rs 443 Cr To Rs 1629 Cr

Quarter on quarter revenue increase by 65.65 per cent from Rs 380 crores in Q3FY23 to Rs 630 crores in Q4FY23 

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Refex Industries' year-on-year (YoY) revenue increased from Rs 443 crore to Rs 1,629 crore in the fourth quarter of financial year 2023 (Q4FY23).

The company said that its quarter-on-quarter (QoQ) revenue grew by 65.65 per cent from Rs 380 crore in Q3FY23 to Rs 630 crore in Q4FY23.

In Q4FY23, Refex forayed into the green mobility business space by incorporating and operationalising a subsidiary Refex Green Mobility which is now a wholly-owned subsidiary. 

Currently, the entity provides EV-based fleet transport services to organisations.  

Anil Jain, Managing Director, Refex Industries said, “This year’s performance has been remarkable and I can proudly say that it is a strong testimony to the efforts put in by the team, and the trust that the stakeholders have infused into Refex. As I have mentioned several times, this result will not only strengthen us to grow further from hereon but will also help us continue to stick to our commitments towards ESG."

He added that we are highly committed to integrating the ten principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity to achieve SDG.

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