Refex Industries Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors approved the Q1 FY27 standalone and consolidated results. Key decisions included the re-classification of a Senior Managerial Personnel and noted the discontinuation of certain business segments, with their results reported under ‘Discontinued Operations’. Financial results will be available on the company website.
Refex Industries Reports Q1 FY27 Financials and Strategic Updates
Refex Industries Limited has formally announced the outcomes of its Board of Directors’ meeting held on July 29, 2026. The meeting, which commenced at 11:39 AM IST and concluded at 12:30 PM IST, addressed several critical financial and organizational matters.
Unaudited Financial Results Approved
The Board has reviewed and approved the unaudited financial results for the first quarter ended June 30, 2026, presented on both standalone and consolidated bases. These results, along with the Limited Review Reports from statutory auditors M/s A B C D & Co LLP, have been duly vetted by the Audit Committee. The detailed financial statements and review reports are enclosed as Annexure I and will be accessible on the company’s investor relations website.
Key Personnel and Business Segment Changes
In a significant organizational move, the Board approved the re-designation of Ms. Lalitha Uthayakumar from President – Refrigerant Gas Business to General Manager – Accounts, effective August 01, 2026. This change is a consequence of the discontinuation of the Refrigerant Gas Business and a realignment of overall responsibilities. Consequently, Ms. Uthayakumar will cease to be a Senior Managerial Personnel (SMP) from the same effective date.
Discontinuation of Business Segments
The company’s financial statements reflect the impact of discontinued operations. Specifically, the Power Trading and Refrigerant Gases segments have been classified as ‘Discontinued Operations’ in accordance with Ind AS 105. The unaudited financial results for the quarter ended June 30, 2026, include the outcomes of these segments reported separately. Furthermore, the company is proceeding with a Composite Scheme of Amalgamation and Arrangement, having received observation letters from BSE and NSE and filed petitions with the Hon’ble NCLT, Chennai Bench.
Financial Highlights (Q1 FY27)
For the quarter ended June 30, 2026:
- Revenue from Operations (Continuing): ₹91,630.51 Lakhs
- Profit Before Tax (Continuing Operations): ₹10,054.93 Lakhs
- Net Profit (Continuing Operations): ₹7,453.11 Lakhs
- Loss from Discontinuing Operations (Net of Tax): (₹997.63 Lakhs)
- Total Comprehensive Profit: ₹5,663.82 Lakhs
The consolidated figures show a Total Comprehensive Profit of ₹5,663.82 Lakhs for the period. Earnings per share from continuing operations stood at ₹5.38 (Basic) and ₹5.32 (Diluted).
The company also highlighted the conversion of unsecured loans into equity shares in its subsidiary, Venwind Refex Power Limited, and the forfeiture of upfront payments for lapsed warrants.
Source: BSE
