Refex Industries Q3 FY26 Earnings Call Transcript Released
Refex Industries reported a strong Q3 FY26 with revenue at ₹583 Crores, up 38% sequentially. Profit after tax was ₹67 Crores, up 29%. The company is exiting power trading and refrigerant gas businesses. The demerger of Refex Green Mobility is expected by April 2026. Wind business has ₹1860 Crores order book, ash/coal handling has ₹1500 Crores.
The announcement provides a detailed update on financial performance, strategic business decisions (exits and demergers), and significant order book details for key business segments (wind, ash/coal handling). This information is material for investors and impacts the company's future outlook.
The company reported strong sequential growth in revenue and profits, highlighted positive operational recovery, and provided updates on strategic business exits and future growth drivers like the wind and ash handling businesses. The management's commentary on no impact from the income tax search and plans for reducing pledged shares also contribute to a positive sentiment.
Refex Industries Limited has released the transcript of its Earnings Conference Call held on January 21, 2026. The call focused on the Company's Financial Results for the 3rd quarter and Nine months ended December 31, 2025.
During the call, the management reported a strong sequential recovery in Q3 FY2026, with revenue increasing by ₹160 Crores to ₹583 Crores, a 38% sequential growth. Profit before tax rose to ₹89 Crores, a 24% sequential increase, and profit after tax reached ₹67 Crores, up 29% quarter-on-quarter. The company is strategically exiting the power trading and refrigerant gas businesses to focus on core operations. The de-merger of Refex Green Mobility Limited is progressing, with an expected completion by April 2026. The wind business has secured a cumulative order of ₹1860 Crores, with execution commencing from February 15, 2026. The ash and coal handling business has an open order book of ₹1500 Crores, with majority execution expected within 9-12 months. The company also addressed an income tax search, stating no incriminating documents were seized and no impact on business is anticipated. The EBITDA margin is expected to be sustainable between 11% to 12%. The company is also working on reducing pledged shares over the next six months.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Refex Industries Limited. Read the original for the full detail.