How has been the historical performance of Refex Renewables?

Answer:The historical performance of Refex Renewables has shown significant fluctuations in key financial metrics over the years.

Breakdown:
Refex Renewables' net sales peaked at 76.64 Cr in March 2023 but declined to 67.99 Cr by March 2025. Total operating income followed a similar trend, decreasing from 76.64 Cr in March 2023 to 67.99 Cr in March 2025. The company's total expenditure, excluding depreciation, also decreased from 68.54 Cr in March 2023 to 36.34 Cr in March 2025, indicating a reduction in costs. Operating profit (PBDIT) improved from a loss of 16.64 Cr in March 2022 to a profit of 37.63 Cr in March 2025, reflecting a recovery in operational efficiency. However, the company continued to report a loss before tax of -22.69 Cr in March 2025, slightly worse than the -8.32 Cr loss in March 2024. The net profit remained negative, with a loss of -36.39 Cr in March 2025, compared to -34.42 Cr in March 2024. The company's total liabilities decreased from 601.71 Cr in March 2023 to 508.99 Cr in March 2024, while total assets also fell from 601.71 Cr to 508.99 Cr in the same period. Cash flow from operating activities showed a positive trend, with 120 Cr in March 2024, contrasting with a negative cash flow of -54 Cr in March 2023. Overall, while Refex Renewables has made strides in reducing costs and improving operational profit, it continues to face challenges with profitability and net losses.