RRIL Unaudited Financial Results Q3 FY26

Refex Renewables & Infrastructure Ltd reported weak Q3 FY26 results with a consolidated net loss of ₹1,103 lakhs against a loss of ₹1,017 lakhs in the same quarter last year. Consolidated revenue from operations stood at ₹1,610 lakhs, broadly flat year-on-year, while total expenses rose to ₹2,773 lakhs driven by higher finance costs (₹1,283 lakhs) and depreciation. On a standalone basis, the picture is far worse — revenue collapsed to ₹190 lakhs from ₹670 lakhs a year ago, and the company posted a loss after tax of ₹395 lakhs. The company's net worth is fully eroded both on a standalone and consolidated basis. The auditor has flagged a material uncertainty about the company's ability to continue as a going concern, though management cites a letter of support from a promoter shareholder. The consolidated auditor's report is qualified due to insufficient evidence around ₹375.50 lakhs of subsidiary liabilities and ₹1,125 lakhs of earlier write-backs.