Outcome of the meeting of the Board of Directors held on May 26, 2026: Approval of Audited Financial Results for Q4 & FY 2026, both on standalone and consolidated basis; recommendation ....
REFEX · price
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Refex Industries' Board approved FY2026 audited results showing strong profit growth despite revenue decline. Standalone revenue from continuing operations dropped to ₹2,03,920 Lakhs from ₹2,25,943 Lakhs in FY25 (down ~10%), but net profit from continuing operations rose 35% to ₹24,719 Lakhs. On consolidated basis, revenue marginally increased to ₹2,27,674 Lakhs (including new Wind Power segment), with net profit from continuing operations up 35% to ₹24,238 Lakhs. The Board also recommended a 50% final dividend of ₹1 per share (face value ₹2). The company discontinued three segments (Power Trading, Refrigerant Gases, and Green Mobility) during the year, citing low margins, high compliance costs, and strategic misalignment. Additionally, 1.12 crore convertible warrants lapsed in May 2026 after balance consideration wasn't received, resulting in forfeiture of ₹13.07 crore upfront amount.
The 35% PAT growth demonstrates strong operational efficiency and cost management despite revenue headwinds from discontinued businesses. The focus on core Ash & Coal Handling Business is driving profitability. Shareholders can expect dividend income, but the lapse of warrants and multiple segment exits signal ongoing business restructuring.