Refex Industries Ltd
NSE:REFEX
Refex Industries Ltd
NSE:REFEX
Price:
214.6
INR
-2.73%
Market Cap:
₹29.4B
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Income Statement
Earnings Waterfall
Refex Industries Ltd
Refex Industries Ltd
Income Statement
Refex Industries Ltd
Refex Industries Ltd
Currency: INR
| Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
3
|
4
|
6
|
6
|
5
|
7
|
12
|
20
|
29
|
35
|
39
|
37
|
17
|
21
|
29
|
0
|
0
|
0
|
32
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
89
|
0
|
0
|
0
|
92
|
0
|
0
|
0
|
134
|
0
|
0
|
0
|
172
|
0
|
0
|
0
|
222
|
0
|
0
|
0
|
|
| Revenue |
513
N/A
|
564
+10%
|
643
+14%
|
722
+12%
|
899
+25%
|
1 021
+13%
|
1 098
+8%
|
973
-11%
|
895
-8%
|
713
-20%
|
506
-29%
|
473
-6%
|
189
-60%
|
406
+115%
|
802
+98%
|
881
+10%
|
993
+13%
|
785
-21%
|
419
-47%
|
382
-9%
|
180
-53%
|
148
-18%
|
169
+15%
|
186
+10%
|
214
+15%
|
236
+10%
|
245
+4%
|
230
-6%
|
203
-12%
|
175
-14%
|
847
+384%
|
838
-1%
|
836
0%
|
829
-1%
|
780
-6%
|
798
+2%
|
987
+24%
|
1 003
+2%
|
377
-62%
|
1 393
+269%
|
3 000
+115%
|
5 369
+79%
|
6 607
+23%
|
5 995
-9%
|
6 965
+16%
|
6 041
-13%
|
6 327
+5%
|
6 380
+1%
|
4 742
-26%
|
4 195
-12%
|
4 440
+6%
|
6 258
+41%
|
8 853
+41%
|
11 759
+33%
|
16 291
+39%
|
17 463
+7%
|
17 451
0%
|
16 706
-4%
|
13 829
-17%
|
15 957
+15%
|
17 711
+11%
|
21 823
+23%
|
24 677
+13%
|
22 558
-9%
|
21 550
-4%
|
20 139
-7%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(429)
|
(452)
|
(480)
|
(546)
|
(713)
|
(801)
|
(885)
|
(837)
|
(775)
|
(622)
|
(446)
|
(349)
|
(104)
|
(285)
|
(638)
|
(716)
|
(881)
|
(768)
|
(493)
|
(437)
|
(198)
|
(110)
|
(22)
|
(36)
|
(45)
|
(56)
|
(84)
|
(69)
|
(51)
|
(43)
|
(641)
|
(638)
|
(648)
|
(636)
|
(599)
|
(614)
|
(769)
|
(777)
|
(198)
|
(1 218)
|
(2 588)
|
(4 444)
|
(5 575)
|
(4 932)
|
(5 761)
|
(5 037)
|
(5 270)
|
(5 338)
|
(3 897)
|
(3 454)
|
(3 543)
|
(5 194)
|
(7 540)
|
(10 175)
|
(14 226)
|
(15 270)
|
(15 264)
|
(14 547)
|
(11 904)
|
(13 871)
|
(15 461)
|
(19 283)
|
(21 815)
|
(19 712)
|
(18 415)
|
(16 646)
|
|
| Gross Profit |
84
N/A
|
113
+35%
|
163
+45%
|
176
+8%
|
187
+6%
|
220
+18%
|
213
-3%
|
137
-36%
|
120
-12%
|
91
-24%
|
60
-34%
|
124
+107%
|
86
-31%
|
121
+41%
|
163
+35%
|
165
+1%
|
111
-33%
|
17
-85%
|
(74)
N/A
|
(56)
+25%
|
(18)
+68%
|
38
N/A
|
148
+291%
|
150
+2%
|
170
+13%
|
180
+6%
|
161
-11%
|
160
0%
|
152
-5%
|
132
-13%
|
206
+56%
|
200
-3%
|
188
-6%
|
193
+3%
|
181
-6%
|
184
+2%
|
217
+18%
|
226
+4%
|
179
-21%
|
174
-3%
|
412
+137%
|
924
+124%
|
1 033
+12%
|
1 063
+3%
|
1 204
+13%
|
1 003
-17%
|
1 057
+5%
|
1 042
-1%
|
844
-19%
|
741
-12%
|
897
+21%
|
1 063
+19%
|
1 312
+23%
|
1 584
+21%
|
2 066
+30%
|
2 193
+6%
|
2 186
0%
|
2 160
-1%
|
1 925
-11%
|
2 086
+8%
|
2 250
+8%
|
2 540
+13%
|
2 862
+13%
|
2 846
-1%
|
3 135
+10%
|
3 493
+11%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(21)
|
(31)
|
(44)
|
(52)
|
(41)
|
(59)
|
(53)
|
(80)
|
(69)
|
(65)
|
(74)
|
(60)
|
(47)
|
(63)
|
(77)
|
(79)
|
(86)
|
(77)
|
(131)
|
(159)
|
(180)
|
(179)
|
(256)
|
(298)
|
(299)
|
(257)
|
(161)
|
(161)
|
(157)
|
(146)
|
(175)
|
(174)
|
(174)
|
(192)
|
(164)
|
(172)
|
(174)
|
(163)
|
(166)
|
(77)
|
(190)
|
(462)
|
(534)
|
(646)
|
(634)
|
(516)
|
(433)
|
(390)
|
(304)
|
(248)
|
(375)
|
(440)
|
(445)
|
(447)
|
(388)
|
(379)
|
(413)
|
(461)
|
(490)
|
(671)
|
(748)
|
(915)
|
(972)
|
(1 262)
|
(1 301)
|
(1 233)
|
|
| Selling, General & Administrative |
(17)
|
(5)
|
(7)
|
(8)
|
(34)
|
(10)
|
(11)
|
(14)
|
(41)
|
(16)
|
(16)
|
(14)
|
(6)
|
(6)
|
(48)
|
(13)
|
(14)
|
(13)
|
(96)
|
(8)
|
(6)
|
(3)
|
(219)
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(7)
|
(8)
|
(15)
|
(24)
|
(31)
|
(33)
|
(41)
|
(49)
|
(60)
|
(83)
|
(101)
|
(116)
|
(318)
|
(142)
|
(148)
|
(146)
|
(319)
|
(137)
|
(148)
|
(172)
|
(357)
|
(251)
|
(280)
|
(326)
|
(648)
|
(448)
|
(477)
|
(476)
|
|
| Depreciation & Amortization |
(4)
|
(5)
|
(5)
|
(8)
|
(7)
|
(11)
|
(14)
|
(20)
|
(24)
|
(22)
|
(21)
|
(16)
|
(11)
|
(8)
|
(25)
|
(29)
|
(31)
|
(43)
|
(29)
|
(35)
|
(36)
|
(31)
|
(32)
|
(29)
|
(26)
|
(22)
|
(23)
|
(22)
|
(21)
|
(20)
|
(25)
|
(21)
|
(21)
|
(19)
|
(10)
|
(11)
|
(8)
|
(7)
|
(8)
|
(2)
|
(4)
|
(7)
|
(14)
|
(15)
|
(16)
|
(16)
|
(53)
|
(64)
|
(75)
|
(86)
|
(57)
|
(58)
|
(61)
|
(64)
|
(69)
|
(78)
|
(90)
|
(113)
|
(135)
|
(166)
|
(202)
|
(251)
|
(326)
|
(411)
|
(398)
|
(360)
|
|
| Other Operating Expenses |
0
|
(21)
|
(33)
|
(36)
|
0
|
(38)
|
(27)
|
(46)
|
(4)
|
(28)
|
(37)
|
(30)
|
(30)
|
(48)
|
(4)
|
(37)
|
(41)
|
(21)
|
(6)
|
(116)
|
(138)
|
(145)
|
(6)
|
(267)
|
(272)
|
(233)
|
(136)
|
(137)
|
(134)
|
(124)
|
(149)
|
(151)
|
(151)
|
(171)
|
(153)
|
(158)
|
(163)
|
(152)
|
(151)
|
(67)
|
(170)
|
(431)
|
(488)
|
(599)
|
(577)
|
(451)
|
(320)
|
(242)
|
(128)
|
(47)
|
0
|
(241)
|
(236)
|
(236)
|
0
|
(164)
|
(174)
|
(177)
|
2
|
(253)
|
(266)
|
(338)
|
1
|
(402)
|
(426)
|
(398)
|
|
| Operating Income |
63
N/A
|
82
+31%
|
119
+45%
|
125
+5%
|
146
+17%
|
161
+10%
|
161
0%
|
56
-65%
|
51
-10%
|
26
-50%
|
(14)
N/A
|
64
N/A
|
39
-39%
|
58
+49%
|
86
+49%
|
86
0%
|
26
-70%
|
(61)
N/A
|
(205)
-239%
|
(215)
-5%
|
(197)
+8%
|
(141)
+28%
|
(109)
+23%
|
(148)
-36%
|
(129)
+13%
|
(77)
+40%
|
(0)
+100%
|
(0)
+50%
|
(5)
-5 100%
|
(14)
-162%
|
30
N/A
|
26
-14%
|
14
-47%
|
0
-98%
|
16
+5 267%
|
13
-20%
|
43
+235%
|
63
+46%
|
14
-78%
|
98
+618%
|
222
+127%
|
462
+108%
|
500
+8%
|
417
-17%
|
570
+37%
|
487
-15%
|
624
+28%
|
652
+5%
|
541
-17%
|
492
-9%
|
522
+6%
|
623
+19%
|
868
+39%
|
1 137
+31%
|
1 678
+48%
|
1 814
+8%
|
1 774
-2%
|
1 698
-4%
|
1 434
-16%
|
1 415
-1%
|
1 502
+6%
|
1 624
+8%
|
1 889
+16%
|
1 584
-16%
|
1 834
+16%
|
2 260
+23%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(4)
|
(6)
|
(6)
|
(5)
|
(8)
|
(12)
|
(20)
|
(29)
|
(35)
|
(39)
|
(37)
|
(17)
|
(21)
|
(36)
|
(39)
|
(40)
|
(42)
|
(34)
|
(27)
|
(16)
|
(4)
|
(4)
|
(10)
|
(9)
|
(11)
|
(16)
|
(16)
|
(16)
|
(14)
|
(0)
|
0
|
0
|
0
|
0
|
(13)
|
(26)
|
(32)
|
0
|
(0)
|
(0)
|
(1)
|
(9)
|
(11)
|
(13)
|
(15)
|
(89)
|
(109)
|
(129)
|
(151)
|
(50)
|
(111)
|
(123)
|
(137)
|
(61)
|
(222)
|
(249)
|
(294)
|
(106)
|
(288)
|
(280)
|
(274)
|
161
|
(318)
|
(330)
|
(345)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(44)
|
0
|
0
|
(44)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(58)
|
0
|
(58)
|
(58)
|
0
|
0
|
0
|
0
|
134
|
132
|
128
|
129
|
(2)
|
(2)
|
2
|
1
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
4
|
7
|
8
|
8
|
5
|
12
|
12
|
13
|
14
|
1
|
13
|
22
|
28
|
29
|
16
|
6
|
3
|
1
|
1
|
0
|
3
|
3
|
3
|
29
|
35
|
34
|
34
|
1
|
1
|
1
|
1
|
(13)
|
0
|
0
|
0
|
(8)
|
10
|
27
|
27
|
48
|
38
|
26
|
26
|
44
|
58
|
68
|
77
|
2
|
59
|
72
|
76
|
(51)
|
79
|
103
|
121
|
(115)
|
185
|
203
|
419
|
(53)
|
586
|
568
|
378
|
|
| Pre-Tax Income |
60
N/A
|
78
+30%
|
114
+46%
|
123
+8%
|
147
+20%
|
162
+10%
|
157
-3%
|
41
-74%
|
33
-19%
|
(5)
N/A
|
(48)
-796%
|
33
N/A
|
23
-30%
|
50
+118%
|
72
+43%
|
74
+3%
|
15
-80%
|
(86)
N/A
|
(234)
-171%
|
(240)
-2%
|
(213)
+11%
|
(145)
+32%
|
(157)
-8%
|
(155)
+1%
|
(135)
+13%
|
(129)
+5%
|
12
N/A
|
18
+53%
|
12
-32%
|
6
-52%
|
30
+412%
|
27
-12%
|
14
-46%
|
1
-95%
|
3
+343%
|
(0)
N/A
|
17
N/A
|
31
+78%
|
5
-83%
|
108
+1 932%
|
249
+131%
|
489
+97%
|
480
-2%
|
444
-8%
|
525
+18%
|
440
-16%
|
579
+31%
|
601
+4%
|
479
-20%
|
419
-13%
|
610
+46%
|
704
+15%
|
945
+34%
|
1 206
+28%
|
1 564
+30%
|
1 668
+7%
|
1 630
-2%
|
1 526
-6%
|
1 213
-21%
|
1 312
+8%
|
1 429
+9%
|
1 770
+24%
|
1 999
+13%
|
1 853
-7%
|
2 072
+12%
|
2 292
+11%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(13)
|
(14)
|
(21)
|
(21)
|
(27)
|
(38)
|
(45)
|
(5)
|
(11)
|
2
|
23
|
(10)
|
(6)
|
(16)
|
0
|
(1)
|
5
|
15
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
50
|
50
|
50
|
50
|
(1)
|
(21)
|
(44)
|
(112)
|
(149)
|
(147)
|
(186)
|
(153)
|
(169)
|
(174)
|
(137)
|
(129)
|
(156)
|
(183)
|
(244)
|
(312)
|
(403)
|
(433)
|
(435)
|
(424)
|
(284)
|
(301)
|
(322)
|
(331)
|
(415)
|
(357)
|
(434)
|
(541)
|
|
| Income from Continuing Operations |
47
|
64
|
92
|
102
|
120
|
124
|
112
|
36
|
22
|
(3)
|
(24)
|
23
|
17
|
35
|
72
|
74
|
20
|
(72)
|
(234)
|
(239)
|
(213)
|
(145)
|
(157)
|
(155)
|
(135)
|
(129)
|
12
|
18
|
12
|
6
|
30
|
27
|
14
|
1
|
53
|
50
|
67
|
81
|
5
|
87
|
205
|
378
|
331
|
297
|
339
|
287
|
409
|
427
|
342
|
290
|
454
|
521
|
701
|
894
|
1 161
|
1 235
|
1 195
|
1 103
|
930
|
1 011
|
1 107
|
1 438
|
1 584
|
1 496
|
1 638
|
1 751
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
9
|
9
|
9
|
4
|
12
|
24
|
37
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
47
N/A
|
64
+38%
|
92
+44%
|
102
+11%
|
120
+18%
|
124
+3%
|
112
-10%
|
36
-68%
|
22
-38%
|
(3)
N/A
|
(24)
-650%
|
23
N/A
|
17
-27%
|
35
+108%
|
72
+108%
|
74
+2%
|
20
-73%
|
(72)
N/A
|
(234)
-227%
|
(239)
-2%
|
(213)
+11%
|
(145)
+32%
|
(157)
-8%
|
(155)
+1%
|
(135)
+13%
|
(129)
+5%
|
12
N/A
|
18
+53%
|
12
-32%
|
6
-52%
|
30
+412%
|
27
-12%
|
14
-46%
|
1
-95%
|
53
+7 486%
|
50
-6%
|
67
+35%
|
81
+20%
|
5
-94%
|
87
+1 791%
|
205
+136%
|
378
+84%
|
331
-12%
|
297
-10%
|
339
+14%
|
287
-15%
|
409
+43%
|
427
+4%
|
342
-20%
|
290
-15%
|
454
+57%
|
521
+15%
|
701
+34%
|
894
+28%
|
1 161
+30%
|
1 235
+6%
|
1 195
-3%
|
1 103
-8%
|
939
-15%
|
1 019
+9%
|
1 116
+9%
|
1 447
+30%
|
1 588
+10%
|
1 506
-5%
|
1 570
+4%
|
1 608
+2%
|
|
| EPS (Diluted) |
3.96
N/A
|
5.44
+37%
|
7.76
+43%
|
8.3
+7%
|
7.67
-8%
|
7.74
+1%
|
6.95
-10%
|
2.24
-68%
|
1.38
-38%
|
-0.2
N/A
|
-1.52
-660%
|
1.44
N/A
|
1.05
-27%
|
2.18
+108%
|
4.52
+107%
|
4.61
+2%
|
1.23
-73%
|
-4.48
N/A
|
-14.65
-227%
|
-15.14
-3%
|
-13.37
+12%
|
-9.16
+31%
|
-9.8
-7%
|
-9.66
+1%
|
-8.34
+14%
|
-8.07
+3%
|
0.74
N/A
|
1.12
+51%
|
0.77
-31%
|
0.38
-51%
|
1.89
+397%
|
1.67
-12%
|
0.91
-46%
|
0.04
-96%
|
3.33
+8 225%
|
3.18
-5%
|
4.21
+32%
|
5.06
+20%
|
0.29
-94%
|
5.44
+1 776%
|
12.73
+134%
|
23.59
+85%
|
20.7
-12%
|
19.16
-7%
|
16.15
-16%
|
13.67
-15%
|
19.49
+43%
|
20.33
+4%
|
16.28
-20%
|
13.8
-15%
|
21.61
+57%
|
24.82
+15%
|
33.37
+34%
|
40.63
+22%
|
10.77
-73%
|
11.13
+3%
|
10.74
-4%
|
9.94
-7%
|
8.44
-15%
|
8.52
+1%
|
9.26
+9%
|
11.16
+21%
|
12.41
+11%
|
10.74
-13%
|
14.08
+31%
|
11.6
-18%
|
|
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