Refex Industries Declares Interim Dividend, Discontinues Power Trading Business, Reports Q1 FY26 Results
The announcement includes the declaration of an interim dividend, the strategic discontinuation of a business segment, and the release of quarterly financial results, which show a considerable decline. These are significant events impacting shareholders and the company's operational focus.
The company reported a significant decline in both standalone and consolidated revenue and net profit for Q1 FY26 compared to the previous quarter and the same quarter last year. While an interim dividend was declared and a loss-making business segment was discontinued, the overall financial performance for the quarter is negative.
Refex Industries Limited's Board of Directors, at their meeting held on August 12, 2025, considered and approved the following:
* Financial Results (Q1 FY26 ended June 30, 2025): * Standalone: Revenue from Operations stood at ₹36,525.55 Lakhs, and Net Profit for the period was ₹3,314.26 Lakhs. Basic Earnings per Share (EPS) from continuing operations was ₹2.56. * Consolidated: Revenue from Operations was ₹38,324.94 Lakhs, and Net Profit for the period was ₹2,054.44 Lakhs. Basic EPS from continuing operations was ₹1.59. * The results indicate a significant decline in both revenue and profit compared to the previous quarter (Q4 FY25) and the same quarter last year (Q1 FY25). * Interim Dividend: The Board declared the 1st Interim Dividend for the Financial Year 2025-26 at the rate of 25% of the face value of ₹2/- per equity share, which is ₹0.50/- per equity share. * The record date for the dividend is Tuesday, August 19, 2025. * The interim dividend will be paid on or before Thursday, September 11, 2025. * Discontinuation of Power Trading Business: The Board approved the discontinuation of the Power Trading business segment as a strategic decision to streamline operations and focus on core business areas. This segment was noted for low volumes, lower margins, high compliance costs, and limited strategic fit. For Q1 FY26, this segment reported a loss before tax of ₹22.96 Lakhs. * Appointment of Senior Managerial Personnel (SMPs): The Board approved the designation of nine officials as Senior Managerial Personnel, effective August 12, 2025. These include Mr. Purvesh Madhusudan Kapadia (Group Chief Human Resource Officer), Mr. Jagdish Jain (Business Head – Ash & Coal Handling), Mr. Sahil Singla (President – Corporate Finance), Mr. Sonal Jain (Vice-President – Accounts & Taxation), Ms. Harini Sriraman (Vice-President – Group General Counsel), Ms. Srividya Nirmalkumar (Vice-President – Corporate Communications), Mr. Suhail Shariff (Vice-President – Administration & Facility), Mr. Srivaths Varadharajan (Group Chief Technology Officer), and Mr. Gagan Bihari Pattnaik (General Manager – ESG & Sustainability).
What to do with a filing like this
Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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