Refex Industries Reports Positive Financial Results, Poised for Growth in Industrial Sector
Refex Industries, a midcap company in the industrial gases and fuels industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with its score improving from 11 to 13 in the last three months.One of the key factors contributing to this growth is the company's net sales, which have increased by 49.81% year on year to reach Rs 527.65 crore. This indicates a very positive sales trend in the near term for Refex Industries.
Moreover, the company's ability to manage interest payments has also improved, with its operating profit to interest ratio being the highest in the last five quarters at 8.66 times.
In terms of profitability, Refex Industries has also shown a positive trend. Its profit after tax (PAT) has grown by 44.1% year on year to reach Rs 30.86 crore, while its profit before tax less other income (PBT) has grown by 38.18% year on year to reach Rs 34.67 crore. This indicates a very positive near term trend for both PAT and PBT.
Based on these financial results, MarketsMOJO has given a 'Hold' call for Refex Industries' stock. With its strong financial performance and positive trends, Refex Industries is poised for growth in the industrial gases and fuels industry.
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