Refex Industries Ltd Share Price – NSE /  BSE

Trading, Small Cap

Refex Industries has procured an order worth Rs 49.22 crore for material handling and transit operations for bulk commodity material for a period of 3 Years. The order is placed by a mini ratna company.

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The contract pertains to material handling and transit operations for bulk commodity material. The order has been awarded by a domestic entity and will be executed over a period of three years. The company clarified that neither the promoter nor the promoter group has any interest in the awarding entity. Further, the contract does not fall under related party transactions.

Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.

The company reported consolidated net profit rose 5.03% to Rs 61.34 crore despite a 16.04% drop in revenue from operations to Rs 576.01 crore in Q3 FY26 over Q3 FY25.

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Profit before tax (PBT) rose 15.63% to Rs 81.38 crore during the quarter as against Rs 70.38 crore posted in the corresponding quarter last year.

On the segmental front, revenue from the ash & coal handling business declined 17.14% YoY to Rs 566.31 crore. Revenue from refrigerant gas manufacturing (refilling) and sales fell 31.03% YoY to Rs 7.20 crore.

Revenue from green mobility surged sharply to Rs 28.09 crore in Q3 FY26 from Rs 8.88 crore in the year-ago period. Meanwhile, revenue from solar power generation and related activities edged up 2.33% YoY to Rs 2.64 crore during the quarter.

In a regulatory filing, the company said its board has approved the discontinuation of the refrigerant gases business segment.

The segment contributed around 2.5% to the company?s total revenue and was adversely impacted by operational and financial challenges amid intense competition and pricing pressures. The move is aimed at enabling better allocation of management focus and capital towards the company?s core, higher-growth businesses, the filing said.

The decision follows Refex?s discontinuation of its power-trading business in August last year, citing low profitability, muted volumes, high compliance costs, and limited strategic alignment with the company?s core logistics and energy infrastructure businesses.

Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.

Shares of Refex Industries fell 2.95% to Rs 237 on the BSE.

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Net profit of Refex Industries rose 7.73% to Rs 53.92 crore in the quarter ended December 2025 as against Rs 50.05 crore during the previous quarter ended December 2024. Sales declined 16.04% to Rs 576.01 crore in the quarter ended December 2025 as against Rs 686.04 crore during the previous quarter ended December 2024.

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