Refex Industries Limited has informed the Exchange that Record date for the purpose of 1st Interim Dividend for FY 25-26 is 19-Aug-2025.
REFEX · price
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Refex Industries' board approved Q1 FY26 unaudited results, declared a 1st interim dividend of ₹0.50 per share (25% on ₹2 face value) with August 19, 2025 as record date, discontinued its Power Trading segment, and designated 9 officials as Senior Managerial Personnel. Standalone revenue from operations fell sharply to ₹36,525.55 lakhs (from ₹58,547.09 lakhs in Q1 FY25, a drop of about 37.6% year-on-year), while net profit from continuing operations eased modestly to ₹3,314.26 lakhs versus ₹3,595.58 lakhs last year. On a consolidated basis, net profit (including discontinued operations) dropped to ₹2,037.26 lakhs from ₹2,934.68 lakhs (-30.6%), with the Green Mobility segment posting a loss of ₹862.47 lakhs and the newer Windpower segment a loss of ₹373.21 lakhs. Profit before tax margin on continuing operations improved to roughly 11% (from about 8.2%), aided by lower purchases and a ₹8.72 crore unrealised gain on the RKG Fund included in other income. The Power Trading segment, which contributed only 4.48% of FY25 turnover and 0.54% of net worth, is being shut down due to thin margins and compliance burden, with closure targeted by March 31, 2026.
Shareholders get a steady interim dividend despite weak top-line, but the sharp revenue fall and mounting losses in Green Mobility and Windpower businesses may weigh on sentiment; the Power Trading exit is a small positive for focus but does not address the larger drag from newer segments.