Refex Industries reported revenue of ₹583.26 Cr in Q3 FY26. The Ash & Coal Handling business drove growth. Total income from continuing operations rose to ₹590 crore, a 38% increase. EBITDA increased to ₹93.91 crore, and profit after tax reached ₹66.91 crore. The company exited the Power Trading and Refrigerant Gas businesses to focus on core operations.
Financial Performance
Refex Industries announced its un-audited financial results for Q3 FY26, reporting a revenue of ₹583.26 Cr. This reflects a strong performance driven by the company’s Ash & Coal Handling business.
Key Financial Highlights
| Particulars (₹ Cr) | Q3 FY26 | Q2 FY26 | Q3 FY25 |
| Total Income* | 590.29 | 431.18 | 733.48 |
| EBITDA | 93.91 | 73.75 | 53.28 |
| EBITDA Margin (%) | 16.10% | 17.42% | 7.52% |
| Net Profit | 66.91 | 52.03 | 59.04 |
| Net Profit Margin (%) | 11.33% | 12.07% | 8.05% |
| EPS (₹) | 4.95 | 4.03 | 4.71 |
| Income from Discontinued Operations | 7.24 | 12.33 | 22.20 |
*Total Income pertains only to continuing operations.
Operational Highlights
Total income from continuing operations increased to ₹590 crore in Q3 FY26, representing a 38% quarter-on-quarter growth. This was primarily driven by a significant increase in ash and coal volumes handled across the company’s sites.
EBITDA increased to ₹93.91 crore, and profit after tax increased to ₹66.91 crore for the quarter.
Strategic Decisions
Refex Industries has strategically decided to exit the Power Trading and Refrigerant Gas businesses to sharpen its focus on higher-return core operations.
Future Outlook
With new ash handling projects commencing and site activity stabilizing, Refex Industries believes it is well-positioned to sustain operational momentum and deploy capital toward businesses with stronger long-term return potential.
Source: BSE
