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 - Unaudited Financial Results for the 1st Quarter ended June 30, 2025
REFEX · price
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Refex Industries reported weak Q1 FY26 results with standalone revenue from operations falling about 38% year-on-year to ₹36,525.55 lakhs (from ₹58,547.09 lakhs in Q1 FY25), driven mainly by lower volumes in its core Ash & Coal Handling business (₹34,707.89 lakhs vs ₹55,261.67 lakhs). Standalone net profit from continuing operations dipped to ₹3,314.26 lakhs (vs ₹3,595.58 lakhs), while consolidated net profit fell roughly 30% to ₹2,054.44 lakhs. The Board declared a first interim dividend of ₹0.50 per share (25% of face value) with August 19, 2025 as the record date. The company also announced the discontinuation of its Power Trading segment, which contributed just 4.48% of FY25 revenue, citing thin margins and compliance costs. The Green Mobility segment continues to bleed, posting a ₹862.47 lakh loss at the consolidated level in the quarter.
Sharp YoY revenue contraction in the core ash and coal handling business is a concern even after adjusting for typical Q1-vs-Q4 seasonality, and the persistent losses in Green Mobility are weighing on consolidated earnings. The dividend declaration signals cash-flow confidence, and the Power Trading exit is strategically minor but positive for portfolio simplification. Shareholders should watch whether the revenue slowdown reverses in the seasonally stronger coming quarters.