Refex Industries Q3 FY26 results, Board to discontinue Refrigerant Gas business

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REFEX · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹242.50

prior close

₹241.85

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-2.3% vs market

Waste Management peers, median of 7sector-1.7%-1.4% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.4 pts less than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Refex Industries reported Q3 FY26 standalone revenue of Rs 57,601 lakh from continuing operations (vs Rs 68,604 lakh YoY, about 16% decline). Net profit from continuing ops was Rs 6,778 lakh (vs Rs 5,916 lakh). The Board approved discontinuation of the Refrigerant Gas segment, which contributed about 2.5% of revenue and Rs 3,094 lakh of net worth, to focus on higher-growth businesses. Closure is expected by March 31, 2026.

Likely market impact

Exiting a small loss-making segment (2.5% of revenue) may sharpen focus on the profitable core ash and coal handling business over time.