Refex Industries Q4 net profit grows 44% to ₹48 cr

Refex Industries, a wind solutions provider, on Thursday reported 43.60 per cent rise in consolidated net profit at ₹47.92 crore for the quarter ended March 31, 2025.

It had posted ₹33.37 crore net profit in the January-March quarter of 2023-24, the company said in an exchange filing.

In the fourth quarter, the company’s total income rose to ₹643.88 crore, up 83.80 per cent, over ₹350.31 crore in the same quarter a year ago.

For the full FY25, the net profit rose by 70.34 per cent to ₹158.38 crore, from ₹92.97 crore in the year-ago quarter.

Refex Industries Chairman & Managing Director Anil Jain said, “Our performance reflects the strength of our diversified business model and the strategic realignments we’ve made across key verticals.”

“In the renewable energy space, we advanced our clean energy strategy with the formation of Venwind Refex Power that will focus on manufacturing, supply and commissioning of wind turbines,” he added.

During the quarter, another step-down subsidiary, Venwind Refex Power Services Ltd was incorporated, which will undertake operations and maintenance (O&M) services, he said.

Venwind Refex Power Ltd (VRPL) secured its first major order to supply 153.7 MW of wind turbine generators to Torrent Power for a project in Karnataka during the quarter.

Published on April 24, 2025