Reported Earnings • May 23
Full year 2026 earnings released: ₹95.27 loss per share (vs ₹80.86 loss in FY 2025) Full year 2026 results: ₹95.27 loss per share (further deteriorated from ₹80.86 loss in FY 2025). Revenue: ₹726.2m (up 6.8% from FY 2025). Net loss: ₹420.2m (loss widened 16% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Announcement • May 14
Refex Renewables & Infrastructure Limited to Report Q4, 2026 Results on May 21, 2026 Refex Renewables & Infrastructure Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 21, 2026 New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹944.3m (US$9.98m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹112m free cash flow). Negative equity (-₹670m). Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹944.3m market cap, or US$9.98m). Reported Earnings • Feb 12
Third quarter 2026 earnings released: ₹24.58 loss per share (vs ₹22.67 loss in 3Q 2025) Third quarter 2026 results: ₹24.58 loss per share (further deteriorated from ₹22.67 loss in 3Q 2025). Revenue: ₹185.1m (up 16% from 3Q 2025). Net loss: ₹106.1m (loss widened 5.6% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
Refex Renewables & Infrastructure Limited to Report Q3, 2026 Results on Feb 11, 2026 Refex Renewables & Infrastructure Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹112m free cash flow). Negative equity (-₹670m). Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹1.36b market cap, or US$15.1m). Reported Earnings • Nov 11
Second quarter 2026 earnings released: ₹31.89 loss per share (vs ₹28.28 loss in 2Q 2025) Second quarter 2026 results: ₹31.89 loss per share (further deteriorated from ₹28.28 loss in 2Q 2025). Revenue: ₹151.4m (up 8.1% from 2Q 2025). Net loss: ₹146.9m (loss widened 16% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Nov 03
Refex Renewables & Infrastructure Limited to Report Q2, 2026 Results on Nov 10, 2025 Refex Renewables & Infrastructure Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: ₹16.78 loss per share (vs ₹18.94 loss in 1Q 2025) First quarter 2026 results: ₹16.78 loss per share (improved from ₹18.94 loss in 1Q 2025). Revenue: ₹186.3m (up 3.4% from 1Q 2025). Net loss: ₹75.7m (loss narrowed 12% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Aug 02
Refex Renewables & Infrastructure Limited to Report Q1, 2026 Results on Aug 07, 2025 Refex Renewables & Infrastructure Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 07, 2025 Reported Earnings • May 22
Full year 2025 earnings released: ₹81.26 loss per share (vs ₹55.03 loss in FY 2024) Full year 2025 results: ₹81.26 loss per share (further deteriorated from ₹55.03 loss in FY 2024). Revenue: ₹739.7m (down 2.8% from FY 2024). Net loss: ₹363.1m (loss widened 47% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • May 02
Refex Renewables & Infrastructure Limited to Report Q4, 2025 Results on May 08, 2025 Refex Renewables & Infrastructure Limited announced that they will report Q4, 2025 results on May 08, 2025 New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹338m). Earnings have declined by 8.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₹4.05b market cap, or US$47.2m). Reported Earnings • Feb 06
Third quarter 2025 earnings released: ₹22.67 loss per share (vs ₹23.54 loss in 3Q 2024) Third quarter 2025 results: ₹22.67 loss per share. Revenue: ₹162.6m (down 21% from 3Q 2024). Net loss: ₹100.5m (loss widened 18% from 3Q 2024). Announcement • Jan 30
Refex Renewables & Infrastructure Limited to Report Q3, 2025 Results on Feb 05, 2025 Refex Renewables & Infrastructure Limited announced that they will report Q3, 2025 results on Feb 05, 2025 New Risk • Nov 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹338m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹338m). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹4.98b market cap, or US$59.0m). Reported Earnings • Nov 09
Second quarter 2025 earnings released: ₹28.28 loss per share (vs ₹23.23 loss in 2Q 2024) Second quarter 2025 results: ₹28.28 loss per share (further deteriorated from ₹23.23 loss in 2Q 2024). Revenue: ₹143.8m (down 30% from 2Q 2024). Net loss: ₹127.1m (loss widened 81% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 158% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Refex Renewables & Infrastructure Limited to Report Q2, 2025 Results on Nov 08, 2024 Refex Renewables & Infrastructure Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Sep 20
Refex Renewables & Infrastructure Limited Announces Resignation of Sunny Chandrakumar Jain, Non-Executive Director Refex Renewables & Infrastructure Limited announced that Sunny Chandrakumar Jain, Non-Executive Director of the Company, vide his resignation letter dated September 19, 2024, has decided to step-down from the Board of the Company, effective from September 30, 2024, due to his other professional commitments. Reported Earnings • Aug 14
First quarter 2025 earnings released First quarter 2025 results: ₹18.94 loss per share. Revenue: ₹183.5m (up 6.9% from 1Q 2024). Net loss: ₹85.9m (loss widened ₹74.8m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Refex Renewables & Infrastructure Limited, Annual General Meeting, Sep 27, 2024 Refex Renewables & Infrastructure Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₹3.48b market cap, or US$41.5m). Announcement • Aug 07
Refex Renewables & Infrastructure Limited to Report Q1, 2025 Results on Aug 13, 2024 Refex Renewables & Infrastructure Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 23
Full year 2024 earnings released: ₹76.42 loss per share (vs ₹52.07 loss in FY 2023) Full year 2024 results: ₹76.42 loss per share (further deteriorated from ₹52.07 loss in FY 2023). Revenue: ₹828.7m (up 8.1% from FY 2023). Net loss: ₹247.1m (loss widened 5.7% from FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Refex Renewables & Infrastructure Limited to Report Q4, 2024 Results on May 22, 2024 Refex Renewables & Infrastructure Limited announced that they will report Q4, 2024 results on May 22, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹23.54 loss per share (vs ₹9.38 loss in 3Q 2023) Third quarter 2024 results: ₹23.54 loss per share (further deteriorated from ₹9.38 loss in 3Q 2023). Revenue: ₹229.6m (up 32% from 3Q 2023). Net loss: ₹85.4m (loss widened 99% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Refex Renewables & Infrastructure Limited to Report Q3, 2024 Results on Feb 13, 2024 Refex Renewables & Infrastructure Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹23.23 loss per share (vs ₹21.49 loss in 2Q 2023) Second quarter 2024 results: ₹23.23 loss per share. Revenue: ₹213.6m (up 77% from 2Q 2023). Net loss: ₹70.1m (loss narrowed 22% from 2Q 2023). Announcement • Oct 28
Refex Renewables & Infrastructure Limited to Report Q2, 2024 Results on Nov 03, 2023 Refex Renewables & Infrastructure Limited announced that they will report Q2, 2024 results on Nov 03, 2023 Reported Earnings • Aug 25
First quarter 2024 earnings released: ₹5.61 loss per share (vs ₹11.04 loss in 1Q 2023) First quarter 2024 results: ₹5.61 loss per share (improved from ₹11.04 loss in 1Q 2023). Revenue: ₹182.1m (up 19% from 1Q 2023). Net loss: ₹11.1m (loss narrowed 75% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 234% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Refex Renewables & Infrastructure Limited, Annual General Meeting, Sep 29, 2023 Refex Renewables & Infrastructure Limited, Annual General Meeting, Sep 29, 2023, at 11:00 Indian Standard Time. Announcement • Aug 04
Refex Renewables & Infrastructure Limited to Report Q1, 2024 Results on Aug 10, 2023 Refex Renewables & Infrastructure Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 26
Full year 2023 earnings released: ₹67.18 loss per share (vs ₹72.35 loss in FY 2022) Full year 2023 results: ₹67.18 loss per share (improved from ₹72.35 loss in FY 2022). Revenue: ₹967.3m (up 81% from FY 2022). Net loss: ₹233.8m (loss narrowed 28% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 297% per year, which means it is well ahead of earnings. Announcement • Feb 15
Refex Renewables & Infrastructure Limited Announces Resignation of Jamuna, Independent Director (Non-Executive) Refex Renewables & Infrastructure Limited announced that Ms. Jamuna has resigned from the office of Independent Director (Non-Executive) of the Company with effect from February 14, 2023, since she has relocated to California, US and therefore, in view of her other assignments and preoccupations, she is unable to devote sufficient time for the Company. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹9.38 loss per share (vs ₹39.18 loss in 3Q 2022) Third quarter 2023 results: ₹9.38 loss per share (improved from ₹39.18 loss in 3Q 2022). Revenue: ₹173.7m (up 59% from 3Q 2022). Net loss: ₹42.9m (loss narrowed 74% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 271% per year, which means it is well ahead of earnings. Announcement • Feb 04
Refex Renewables & Infrastructure Limited to Report Q3, 2023 Results on Feb 13, 2023 Refex Renewables & Infrastructure Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Nov 05
Refex Renewables & Infrastructure Limited to Report Q2, 2023 Results on Nov 11, 2022 Refex Renewables & Infrastructure Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Aug 11
SunEdison Infrastructure Limited, Annual General Meeting, Sep 30, 2022 SunEdison Infrastructure Limited, Annual General Meeting, Sep 30, 2022, at 11:00 Indian Standard Time. Announcement • Aug 06
SunEdison Infrastructure Limited to Report Q1, 2023 Results on Aug 10, 2022 SunEdison Infrastructure Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 31
SunEdison Infrastructure Limited Appoints Vinay Aggarwal as the Company Secretary & Compliance Officer and A Key Managerial Personal SunEdison Infrastructure Limited at its board meeting held on May 30, 2022 appointed Mr. Vinay Aggarwal (ACS-39099) as the Company Secretary & Compliance Officer and a Key Managerial Personal of the Company with effect from May 30, 2022. Mr. Vinay Aggarwal is a Company Secretary with more than 9 years of experience in reputed Organizations, India's some of biggest and larger conglomerates and varied business sectors such as Steel, Power, Real Estate, Telecom and Electricals. Master of Commerce and Associate Member of Institute of Company Secretaries of India by qualification, he has held positions in career with responsibilities for overall Corporate Governance, Compliance, Investor Relations, Corporate Communications and CSR activities. He was previously associated with HFCL Limited as Assistant Company Secretary and has also worked with Jindal Stainless Limited, Jindal Steel & Power Limited and Eon Electric Limited. Announcement • May 19
SunEdison Infrastructure Limited to Report Q4, 2022 Results on May 27, 2022 SunEdison Infrastructure Limited announced that they will report Q4, 2022 results on May 27, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Pillappan Amalanathan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹39.18 loss per share (down from ₹22.00 loss in 3Q 2021). Revenue: ₹109.6m (down 47% from 3Q 2021). Net loss: ₹167.1m (loss widened 78% from 3Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Nov 23
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: ₹0.06 loss per share (up from ₹10.00 loss in 2Q 2021). Revenue: ₹158.9m (down 38% from 2Q 2021). Net income: ₹23.0m (up ₹61.5m from 2Q 2021). Profit margin: 14% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Reported Earnings • Oct 20
First quarter 2022 earnings released: ₹27.00 loss per share The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2022 results: Revenue: ₹105.5m (flat on 1Q 2021). Net loss: ₹105.1m (loss widened 76% from 1Q 2021). Reported Earnings • Aug 12
Full year 2021 earnings released: ₹59.00 loss per share (vs ₹47.59 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: ₹843.6m (up 35% from FY 2020). Net loss: ₹276.6m (loss widened 29% from FY 2020). Reported Earnings • Mar 01
Third quarter 2021 earnings released: ₹22.00 loss per share The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹230.8m (down 9.8% from 3Q 2020). Net loss: ₹93.9m (loss widened ₹88.4m from 3Q 2020). Announcement • Feb 03
SunEdison Infrastructure Limited to Report Q3, 2021 Results on Feb 13, 2021 SunEdison Infrastructure Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Is New 90 Day High Low • Jan 18
New 90-day high: ₹71.65 The company is up 236% from its price of ₹21.35 on 19 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period. Announcement • Dec 10
SunEdison Infrastructure Limited, Annual General Meeting, Dec 29, 2020 SunEdison Infrastructure Limited, Annual General Meeting, Dec 29, 2020, at 15:30 Indian Standard Time. Agenda: To consider the and adopt the audited standalone financial statements of the company for the financial year ended March 31, 2020 and the reports of the board of directors and the auditors thereon; to consider and adopt the audited consolidated financial statements of the company for the financial year ended March 31, 2020 and the report of the auditors thereon; and to consider the appointment of director. Is New 90 Day High Low • Dec 02
New 90-day high: ₹37.45 The company is up 279% from its price of ₹9.89 on 25 August 2020. The Indian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 1.0% over the same period. Announcement • Nov 03
SunEdison Infrastructure Limited to Report First Half, 2021 Results on Nov 10, 2020 SunEdison Infrastructure Limited announced that they will report first half, 2021 results on Nov 10, 2020 Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total losses of ₹258.1m, with earnings decreasing by ₹319.6m from the prior year. Total revenue was ₹654.7m over the last 12 months, down 17% from the prior year. Announcement • Sep 08
Avyan Renewable Solar Private Limited cancelled the acquisition 37.5% stake in SunEdison Infrastructure Limited (BSE:531260) from Anil Jain, Dimple Jain, Ugam Devi Jain and Sherisha Technologies Private Limited. Avyan Renewable Solar Private Limited entered into an agreement to acquire 37.5% stake in SunEdison Infrastructure Limited (BSE:531260) from Anil Jain, Dimple Jain, Ugam Devi Jain and Sherisha Technologies Private Limited for INR 16.8 million on July 26, 2019. Under the terms of the transaction, Avyan Renewable Solar Private Limited will acquire a total of 1.7 million shares at INR 10 per share and the consideration will be paid in cash. Anil Jain, Dimple Jain, Ugam Devi Jain and Sherisha Technologies Private Limited will transfer 19.66%, 5%, 5% and 7.84% respectively. As of October 7, 2019, Avyan Renewable Solar Private Limited agreed to acquire 31% stake in SunEdison Infrastructure Limited from Anil Jain, Dimple Jain, Ugam Devi Jain and Sherisha Technologies Private Limited. Under the terms of the transaction, Avyan Renewable Solar Private Limited will acquire a total of 1.4 million shares at INR 10 per share.. In a related transaction, Avyan Renewable Solar Private Limited made an offer for 25% stake in SunEdison Infrastructure Limited for INR 14.6 million on July 26, 2019.
Avyan Renewable Solar Private Limited cancelled the acquisition 37.5% stake in SunEdison Infrastructure Limited (BSE:531260) from Anil Jain, Dimple Jain, Ugam Devi Jain and Sherisha Technologies Private Limited on July 26, 2020. Announcement • Aug 23
SunEdison Infrastructure Limited to Report Q4, 2020 Results on Aug 31, 2020 SunEdison Infrastructure Limited announced that they will report Q4, 2020 results on Aug 31, 2020 