Refex Industries’ board has approved the discontinuation of its Refringent Gas business as a strategic move. The decision aims to improve capital allocation towards core, high-growth sectors. The company also released its Q3 2026 financial results, showing a profit of ₹6.78 crore from continuing operations. Discontinued operations reported a loss of ₹86.71 lakhs.
Strategic Business Decision
The board of directors has approved the discontinuation of the Refringent Gas business segment. This decision allows for better capital allocation towards the company’s core, higher-growth businesses, improving efficiency and long-term value creation. The discontinuation process is targeted for completion by March 31, 2026.
Q3 2026 Financial Performance
Refex Industries announced its unaudited standalone financial results for Q3 2026. Key highlights include:
Revenue from Operations: ₹576.01 crore
Profit Before Tax (Continuing Operations): ₹89.81 crore
Net Profit (Continuing Operations): ₹67.77 crore
Net Loss (Discontinued Operations): ₹86.71 lakhs
Segment Performance
A breakdown of segment revenue reveals the following:
Ash & Coal Handling: ₹566.31 crore
Sale of Service: ₹7.07 crore
Solar Power Generation: ₹2.64 crore
Related Party Transactions Policy
The board has also approved amendments to the company’s policy on related party transactions.
Source: BSE
