Refex Industries Limited has informed the Exchange regarding a press release dated November 05, 2025, titled "Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) - Media Release on Unaudited Financial Results for the 2nd Quarter and half year ended September 30, 2025.".
REFEX · price
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Refex Industries reported Q2 FY26 standalone revenue of ₹431 Cr, up nearly 15% sequentially from ₹376.59 Cr in Q1 FY26, though slightly below the ₹436.10 Cr posted in Q2 FY25. EBITDA jumped to ₹73.82 Cr from ₹39.94 Cr in the previous quarter, with margins expanding sharply to 17.44% (vs 10.94% in Q1, 10.02% in Q2 FY25). Net profit rose to ₹52.08 Cr (vs ₹33.14 Cr in Q1) with EPS of ₹4.03. The Ash & Coal Handling business drove recovery after monsoon-related disruptions, while the Power Trading vertical contributed only ₹0.17 Cr versus ₹91.80 Cr in Q2 FY25, reflecting its wind-down as a continuing operation.
Strong sequential recovery in profitability and a sharp margin expansion signal operational improvement, which is positive for short-term sentiment. However, the steep drop in Power Trading income and slightly lower year-on-year revenue indicate the core business is still working to fully offset the discontinued segment, warranting close tracking of H2 FY26 execution.