Refex Industries Reports Q3 FY26 Revenue at ₹590.29 Cr, PAT at ₹66.91 Cr
Refex Industries reported Q3 FY26 standalone revenue of ₹590.29 crore, up 38% QoQ. EBITDA was ₹93.91 crore and Net Profit was ₹66.91 crore. The company is exiting its Power Trading and Refrigerant Gas businesses to focus on core operations.
The results show sequential improvement and a strategic shift, which could positively impact future performance. However, the exit from certain businesses needs to be monitored for its long-term effect.
The company reported strong sequential growth in revenue and profit, with a clear strategy to exit non-core businesses and focus on higher-return operations, indicating a positive outlook.
Refex Industries Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company reported a standalone total income from continuing operations of ₹590.29 crore for Q3 FY26, a significant 38% quarter-on-quarter growth compared to ₹431.18 crore in Q2 FY26. This increase was driven by improved site accessibility and normalization of operations after the monsoon.
EBITDA for the quarter rose to ₹93.91 crore, with an EBITDA margin of 16.10%. Net profit stood at ₹66.91 crore, marking an increase from ₹52.03 crore in the previous quarter, with a net profit margin of 11.33%. Earnings Per Share (EPS) was ₹4.95.
The company also reported income from discontinued operations amounting to ₹7.24 crore for Q3 FY26. In line with its strategic focus on higher-return core operations, Refex Industries has decided to exit the Power Trading and Refrigerant Gas businesses.
Mr. Anil Jain, Chairman & Managing Director, commented that the company is well-positioned for operational momentum in the coming quarters, with multiple new ash handling projects commencing. Refex Industries, established in 2002, focuses on Ash & Coal Handling, Green Mobility, and Wind energy solutions.
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