Refex Industries announced the discontinuation of its Refrigerant Gas business segment as part of a strategic decision. The company reported Unaudited Financial Results for Q3 2026, with a standalone total income of ₹583.04 lakhs. Discontinued operations included Power Trading, Refrigerant Gases and Green Mobility. The company also approved amendments to its Related Party Transactions policy.
Strategic Shift: Refrigerant Gas Exit
Refex Industries has decided to discontinue its Refringent Gas business segment. This strategic move aims to improve capital allocation towards core, high-growth businesses, thus boosting capital efficiency and long-term value creation. The board officially approved this change on January 21, 2026.
Q3 2026 Financial Performance (Standalone)
The company reported the following key figures for Q3 2026 on a standalone basis:
- Total Income: ₹583.04 lakhs
- Profit Before Tax (from continuing operations): ₹89.81 lakhs
- Net Profit (from continuing operations): ₹67.77 lakhs
Discontinued operations include Power Trading, Refrigerant Gases and Green Mobility. Earnings per share from continuing operations stood at ₹4.95 basic and ₹4.90 diluted.
Segment Revenue Break Down
Net segment revenue from continuing operations:
- Ash & Coal Handling Business: ₹566.30 lakhs
- Sale of Service: ₹7.06 lakhs
- Solar Power Generation and Related Activities: ₹2.64 lakhs
Consolidated Results Highlights
For Q3 2026, Refex Industries reported the following consolidated results:
- Total Income: ₹581.81 lakhs
- Profit Before Tax (from continuing operations): ₹81.37 lakhs
- Net Profit (from continuing and discontinuing operations): ₹52.71 lakhs
Policy Amendments
The Board of Directors has approved amendments to the company’s “Policy on Related Party Transactions,” enhancing corporate governance and transparency. This policy update was also approved on January 21, 2026.
Source: BSE
