Refex Renewables Q2 result: Loss widens to Rs 13 cr, income at Rs 14 cr

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Refex Renewables Q2 result: Loss widens to Rs 13 cr, income at Rs 14 cr - Business Standard

Quick Summary:

Refex Renewables & Infrastructure Ltd (RRIL) on Friday reported a consolidated loss of Rs 12.69 crore in September quarter, mainly on account of a fall in income.It had posted a Rs 10.48 crore loss in the quarter ended September 2023, the company said in an exchange filing.

The new subsidiaries will be able to explore untapped growth in the wind energy segment and further, it would ensure better feasibility in raising financing from the lenders for the specific project / assets.

The company's total income declined to Rs 14.38 crore in the quarter under review, from Rs 21.36 crore in the second quarter last fiscal.