Refex Industries Q1 FY27 Results: Profit Declines, Board Approves Re-designation
Refex Industries reported Q1 FY27 results with standalone profit before tax from continuing operations at ₹9,834.73 lakhs and consolidated at ₹10,054.93 lakhs. The Board approved the re-designation of Ms. Lalitha Uthayakumar to General Manager – Accounts, effective August 1, 2026, due to the discontinuation of the Refrigerant Gas Business.
The financial results are a routine disclosure, but the discontinuation of business segments and a change in senior management personnel have a moderate impact on the company's strategic direction and operational structure.
The financial results show a mixed performance with a decline in profit from continuing operations compared to the previous quarter, offset by the strategic decision to discontinue certain business segments and a management re-designation.
Refex Industries Limited announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors, in its meeting held on July 29, 2026, approved the standalone and consolidated financial results. The company reported a profit before tax from continuing operations of ₹9,834.73 lakhs on a standalone basis and ₹10,054.93 lakhs on a consolidated basis. However, the net profit for the quarter from continuing operations saw a decline compared to the previous periods.
In addition to the financial results, the Board approved the re-designation of Ms. Lalitha Uthayakumar from President – Refrigerant Gas Business to General Manager – Accounts, effective August 01, 2026. This change is consequent to the discontinuation of the Refrigerant Gas Business and a realignment of organizational responsibilities. Consequently, Ms. Uthayakumar will cease to be a Senior Managerial Personnel (SMP) of the Company from the same date.
The company also highlighted the classification of its Power Trading and Refrigerant Gases business segments as discontinued operations, aligning with its strategy to focus on core, higher-growth businesses. The financial results and limited review reports have been made available on the company's website and will be published in newspapers as per regulatory requirements.
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