How has been the historical performance of Refex Renewables?

Answer:The historical performance of Refex Renewables shows a fluctuating trend in key financial metrics over the years. Breakdown: Refex Renewables experienced a decline in net sales from INR 76.64 crore in March 2023 to INR 67.99 crore in March 2025, following a peak of INR 76.09 crore in March 2024. The total operating income mirrored this trend, decreasing from INR 76.64 crore in March 2023 to INR 67.99 crore in March 2025. Raw material costs significantly decreased from INR 14.47 crore in March 2023 to INR 1.27 crore in March 2025, while employee costs increased slightly from INR 10.33 crore in March 2023 to INR 11.59 crore in March 2025. Operating profit (PBDIT) showed improvement, rising from INR 8.10 crore in March 2023 to INR 37.63 crore in March 2025, despite the company reporting a profit before tax of -22.69 crore in March 2025. The net profit also remained negative, at -36.39 crore in March 2025, compared to -30.08 crore in March 2023. Total liabilities decreased from INR 601.71 crore in March 2023 to INR 508.99 crore in March 2024, while total assets also fell from INR 601.71 crore to INR 508.99 crore in the same period. Cash flow from operating activities improved to INR 120 crore in March 2024, contrasting with a negative cash flow of -54 crore in March 2023. Overall, while Refex Renewables has shown some operational improvements, it continues to face challenges reflected in its net profit and overall financial health.