Disclosure under Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI Listing Regulations ) - Outcome of the meeting of the Board of Directors held on August 12, 2025 - Declaration of 1st Interim Dividend for FY 25-26
REFEX · price
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Refex Industries reported its Q1 FY26 results on August 12, 2025, showing a sharp revenue decline. Standalone revenue from operations fell to ₹365.26 crore from ₹585.47 crore in Q1 FY25, a drop of about 38%. Net profit from continuing operations stood at ₹33.14 crore versus ₹35.96 crore a year ago. Consolidated revenue was ₹383.25 crore (down from ₹590.94 crore) with a net profit of ₹20.54 crore. The Ash & Coal Handling segment continues to dominate, contributing around 95% of standalone revenue. The Board declared a first interim dividend of ₹0.50 per share (25% on ₹2 face value), with a record date of August 19, 2025 and payment by September 11, 2025. Nine senior managerial personnel were appointed across HR, finance, legal, technology, and ESG functions. The Board also approved the discontinuation of the small Power Trading segment, which contributed only 4.48% of FY25 revenue and has been loss-making.
The steep revenue decline is a concern for shareholders despite steady profit and a dividend payout. The discontinuation of the low-margin Power Trading segment is a positive strategic move to focus on core businesses, and the dividend signals continued cash returns to shareholders. Investors will likely watch closely for a recovery in the core Ash & Coal Handling volumes.