Refex Industries Q3 FY26 Results: Revenue ₹590 Cr, PAT ₹67 Cr
Refex Industries reported Q3 FY26 results with total income at ₹590.29 Cr and PAT at ₹66.91 Cr. Year-on-year, EBITDA margin improved significantly to 16.10% from 7.52% due to strategic realignment. For 9M FY26, PAT was ₹151.91 Cr, up from ₹132.32 Cr in 9M FY25.
The announcement provides financial results and highlights strategic shifts, which are important for investors. The margin expansion and PAT growth are positive indicators, warranting a medium impact.
The company reported improved profitability and significant margin expansion, driven by strategic business realignments, indicating positive operational performance.
Refex Industries Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025.
For the third quarter of FY26, the company reported a total income of ₹590.29 crore, a significant increase from ₹431.18 crore in the previous quarter (Q2 FY26). The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹93.91 crore, with an EBITDA margin of 16.10%, compared to ₹73.75 crore and 17.42% in Q2 FY26. Profit After Tax (PAT) for the quarter was ₹66.91 crore, a notable rise from ₹52.03 crore in Q2 FY26. The PAT margin was 11.33% in Q3 FY26, down from 12.07% in Q2 FY26.
On a year-on-year basis, for Q3 FY26, total income was ₹590.29 crore, down from ₹733.48 crore in Q3 FY25. However, the EBITDA margin saw a substantial improvement, rising to 16.10% from 7.52% in Q3 FY25. This improvement is attributed to a strategic realignment of the product mix, with the company exiting the low-margin power trading business and focusing on higher-value segments like ash handling solutions. PAT for Q3 FY26 was ₹66.91 crore, an increase from ₹59.04 crore in Q3 FY25, with the PAT margin improving to 11.33% from 8.34% in the prior year quarter.
For the nine-month period ended December 31, 2025 (9M FY26), total income was ₹1,398.68 crore, compared to ₹1,853.44 crore in 9M FY25. EBITDA for the nine months increased to ₹207.38 crore from ₹153.21 crore in the same period last year, with EBITDA margins expanding significantly from 8.43% to 15.11%. PAT for 9M FY26 stood at ₹151.91 crore, up from ₹132.32 crore in 9M FY25.
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Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly 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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