Refex Industries Limited has announced its unaudited financial results for Q3 FY26. The company reported a 16.1% quarter-on-quarter increase in standalone EBITDA, reaching ₹93.91 Cr. Revenue for Q3 FY26 stood at ₹590.29 Cr. The company’s strategic realignment towards higher-value segments such as ash handling contributed to improved operating efficiency and profitability. The company also reported a current order book for Wind Energy of INR 1860 crores
Q3 FY26 Financial Performance
Refex Industries Limited showcased a strong financial performance in Q3 FY26. Standalone revenue reached ₹590.29 Cr. The company’s EBITDA grew to ₹93.91 Cr, reflecting a 16.1% quarter-on-quarter increase. Net profit for the quarter reached ₹66.91 Cr.
9M FY26 Performance Highlights
The company reported strong growth for the nine-month period ending December 31, 2025. EBITDA margins expanded from 8.43% to 15.11%. This improvement was driven by a strategic realignment of the product mix. The company exited the low-margin power trading business and reallocated resources to higher-value, margin-accretive segments such as ash handling solutions. Standalone EBITDA for 9M FY26 increased to ₹207.38 Cr from ₹153.21 Cr in the previous year. Net Profit increased to ₹151.91Cr
Business Segment Highlights
Refex Industries operates across three primary business verticals:
* Ash & Coal Handling: Largest organized player in India, handling over 70,000 MT of ash per day with a fleet of over 2,000 owned or leased vehicles.
* Green Mobility: Currently operating with approximately 1,600 vehicles, focused on electric mobility solutions.
* Wind Energy: Manufacturing 5.3 MW wind turbines with a target of reaching 5 GW annual production capacity within 5 years.
Venwind Refex Power Limited: Order Book Update
Venwind Refex Power Limited has been included in the Approved List of Models and Manufacturers (ALMM). The company has recently signed a term sheet for the supply of Wind Turbine Generators for a 148.4 MW wind power project in Tamil Nadu. The current order book of INR 1860 crores.
Source: BSE
