Refex Industries has decided to discontinue its Refrigerant Gas business segment as part of a strategic decision, effective January 21, 2026. The company reported its Q3 2026 results, showcasing a profit of ₹67.77 lakhs from continuing operations and a total revenue of ₹576.01 lakhs. This move aims at optimizing capital allocation toward core, higher-growth areas.
Strategic Business Realignment
On January 21, 2026, the Board of Directors approved the discontinuation of the Refrigerant Gas business segment. This strategic decision aims to enable better allocation of capital towards the company’s core, higher-growth businesses, thereby improving capital efficiency and long-term value creation.
Q3 2026 Financial Highlights (Continuing Operations)
Refex Industries reported the following key figures for Q3 2026:
- Revenue From Operations: ₹57,601.22 Lakhs
- Profit Before Tax: ₹8,981.30 Lakhs
- Net Profit: ₹6,777.35 Lakhs
Segment Performance
Key segment revenues for Q3 2026 include:
- Ash & Coal Handling Business: ₹56,630.50 Lakhs
- Sale of Services: ₹706.60 Lakhs
- Solar Power Generation and Related Activities: ₹264.12 Lakhs
Discontinued Operations Impact
The discontinued Refrigerant Gas segment accounted for approximately 2.5% of the company’s total revenue. The company expects that this realignment will enhance overall profitability and shareholder value.
Source: BSE
