Refex Industries Reports ₹ 431 Cr Revenue, ₹ 74 Cr EBITDA in Q2 FY26

Filed: November 5, 2025

Filing Summary

Refex Industries Limited announced its unaudited financial results for the second quarter of FY26, reporting a total income of ₹ 431 crore from continuing operations. The company’s EBITDA stood at ₹ 74 crore, with a margin of 17.44%. Net profit for the quarter was ₹ 52 crore, reflecting a net profit margin of 12.09%. The results exclude income from the power trading vertical, which was ₹ 0.17 crore. The financial performance was impacted by monsoon conditions affecting operations in the Ash & Coal Handling segment.

Refex Industries Limited has disclosed its unaudited financial results for the second quarter of the fiscal year 2026, ending September 30, 2025. The company reported a total income of ₹ 431 crore from continuing operations, excluding revenue from its power trading vertical. The income from power trading was ₹ 0.17 crore for the quarter.

The company’s EBITDA for Q2 FY26 was ₹ 74 crore, with an EBITDA margin of 17.44%. This marks an increase from the previous quarter’s EBITDA of ₹ 40 crore and a margin of 10.94%. The net profit for the quarter was ₹ 52 crore, resulting in a net profit margin of 12.09%. In comparison, the net profit for the same quarter in the previous fiscal year was ₹ 34 crore, with a margin of 7.73%.

The earnings per share (EPS) for the quarter stood at ₹ 4.03, compared to ₹ 2.56 in the previous quarter and ₹ 2.82 in the corresponding quarter of the previous fiscal year. The company’s Ash & Coal Handling segment experienced operational challenges due to monsoon conditions, which were noted as a factor in the financial performance for the quarter.

For the fiscal year 2025, Refex Industries reported a consolidated total income of ₹ 2,483 crore, with an EBITDA of ₹ 216 crore and a net profit of ₹ 189 crore. These figures provide a context for the company’s ongoing financial performance and strategic focus on its core business areas.

Refex Industries Limited, established in 2002, focuses on sustainability-driven solutions in India. The company operates in sectors such as Ash & Coal Handling, Green Mobility, and Wind Energy. Refex is committed to advancing solutions that address environmental challenges, contributing to a sustainable future for India.

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