Refex Industries Reports INR 590 Cr Revenue for Q3 FY26
Filing Summary
Refex Industries Limited announced its unaudited financial results for the third quarter of FY26, reporting a total income of INR 590 crore from continuing operations. The company achieved an EBITDA of INR 93.91 crore and a net profit of INR 66.91 crore. The results reflect a 38% quarter-on-quarter growth in total income. Refex Industries has decided to exit its Power Trading and Refrigerant Gas businesses to focus on its core Ash and Coal Handling operations. The company aims to sustain operational momentum with new projects underway.
Refex Industries Limited has disclosed its unaudited financial results for the third quarter of the fiscal year 2026. The company reported a total income of INR 590 crore from continuing operations for the quarter ending December 31, 2025. This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial results indicate that Refex Industries achieved an EBITDA of INR 93.91 crore for Q3 FY26. The EBITDA margin was recorded at 16.10%. The company also reported a net profit of INR 66.91 crore, with a net profit margin of 11.33%. The earnings per share (EPS) for the quarter stood at INR 4.95. Income from discontinued operations, which includes the power trading and refrigerant verticals, was reported at INR 7.24 crore.
Refex Industries has strategically decided to exit its Power Trading and Refrigerant Gas businesses. This decision is aimed at allowing the company to concentrate on its core operations in Ash and Coal Handling. The company has reported a significant increase in operating throughput, which has contributed to improved profitability. The focus remains on disciplined execution, cost efficiency, and prudent capital allocation.
The company has experienced a recovery in its core Ash and Coal Handling business, attributed to improved site accessibility and the normalization of operations following the extended monsoon impact earlier in the year. The total income from continuing operations rose by 38% quarter-on-quarter, supported by a ramp-up in ash and coal volumes handled across various sites.
Refex Industries is undertaking multiple new ash handling projects, with site activity stabilizing across locations. The company is focused on sustaining operational momentum in the upcoming quarters. The strategic decision to exit non-core businesses is expected to enable sharper focus on higher-return core operations.
About Refex Industries Limited: Established in 2002, Refex Industries Limited is a pioneer in sustainability-driven solutions in India. The company focuses on Ash & Coal Handling, Green Mobility initiatives through a wholly-owned subsidiary, and Wind energy solutions via another subsidiary. Refex Industries is committed to advancing solutions that address environmental challenges and promote a sustainable future for India.