REFEX NSE filing

Refex Industries reports ₹431 crore revenue for Q2 FY26, with strong EBITDA margin expansion to 17.44%

The RealCase readHigh impact Positive

Refex Industries reported Q2 FY26 revenue of ₹431 crore, a 15% sequential increase. EBITDA margin expanded to 17.44% and net profit reached ₹52.08 crore, reflecting strong recovery and improved profitability.

Why it matters

The announcement has a high impact as it details the company's unaudited financial performance for a recent quarter, providing crucial insights into its operational efficiency, profitability, and overall financial health, which can influence investor decisions.

The market read

The sentiment is positive due to significant sequential growth in both revenue and net profit, coupled with a substantial expansion in EBITDA margin from 10.94% to 17.44%. The management's commentary also highlights a recovery in operations and a focus on sustained growth.

Refex Industries Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2025, via a media release. * Key Standalone Financial Highlights (Continuing Operations) for Q2 FY26: * Total Income: ₹431.00 crore * EBITDA: ₹73.82 crore * EBITDA Margin: 17.44% * Net Profit: ₹52.08 crore * Net Profit Margin: 12.09% * EPS: ₹4.03 * Income from Power Trading: ₹0.17 crore * The company saw a sequential growth of nearly 15% in total revenue, which increased to ₹431 crore from ₹376.59 crore in Q1 FY26. Profitability also strengthened significantly, with EBITDA margins expanding from 10.94% in Q1 FY26 to 17.44% in Q2 FY26. Net profit rose sequentially from ₹33.14 crore in Q1 FY26 to ₹52.08 crore in Q2 FY26. * Mr. Anil Jain, Chairman & Managing Director of Refex Industries Limited, stated that Q2 FY26 showed steady improvement across the business as operations recovered from an early monsoon-led slowdown in Q1. He noted that the Ash & Coal Handling segment recovered despite the more than usual rains, supported by new project ramp-ups. The company is focused on disciplined execution, cost efficiency, and sustainable growth for the second half of the year.

Filing to action

What to do with a filing like this

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 high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Refex Industries Limited. Read the original for the full detail.

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