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Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.
The company reported consolidated net profit rose 5.03% to Rs 61.34 crore despite a 16.04% drop in revenue from operations to Rs 576.01 crore in Q3 FY26 over Q3 FY25.
On the segmental front, revenue from the ash & coal handling business declined 17.14% YoY to Rs 566.31 crore. Revenue from refrigerant gas manufacturing (refilling) and sales fell 31.03% YoY to Rs 7.20 crore.
Revenue from green mobility surged sharply to Rs 28.09 crore in Q3 FY26 from Rs 8.88 crore in the year-ago period. Meanwhile, revenue from solar power generation and related activities edged up 2.33% YoY to Rs 2.64 crore during the quarter.
In a regulatory filing, the company said its board has approved the discontinuation of the refrigerant gases business segment.
The segment contributed around 2.5% to the company’s total revenue and was adversely impacted by operational and financial challenges amid intense competition and pricing pressures. The move is aimed at enabling better allocation of management focus and capital towards the company’s core, higher-growth businesses, the filing said.
The decision follows Refex’s discontinuation of its power-trading business in August last year, citing low profitability, muted volumes, high compliance costs, and limited strategic alignment with the company’s core logistics and energy infrastructure businesses.
Shares of Refex Industries fell 2.95% to Rs 237 on the BSE.
JSW Infrastructure Ltd, Refex Industries Ltd, CG Power & Industrial Solutions Ltd and Sequent Scientific Ltd are among the other gainers in the BSE's 'A' group today, 19 January 2026.
Jindal Saw Ltd spiked 14.89% to Rs 177.9 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 46.16 lakh shares were traded on the counter so far as against the average daily volumes of 1.25 lakh shares in the past one month.
JSW Infrastructure Ltd soared 7.14% to Rs 276.05. The stock was the second biggest gainer in 'A' group. On the BSE, 3.9 lakh shares were traded on the counter so far as against the average daily volumes of 79326 shares in the past one month.
Refex Industries Ltd surged 6.10% to Rs 253.9. The stock was the third biggest gainer in 'A' group. On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 95939 shares in the past one month.
CG Power & Industrial Solutions Ltd added 5.47% to Rs 592.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.37 lakh shares were traded on the counter so far as against the average daily volumes of 2.37 lakh shares in the past one month.
Sequent Scientific Ltd spurt 4.67% to Rs 202.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 50144 shares were traded on the counter so far as against the average daily volumes of 32417 shares in the past one month.
The company said the contract is to be executed within four months. It also clarified that none of its promoters or members of the promoter group have any interest in the awarding entity and that the order does not qualify as a related-party transaction under applicable regulatory norms.
The company’s consolidated net profit jumped 20.5% to Rs 37.44 crore despite a 0.3% decline in revenue from operations to Rs 426.85 crore in Q2 Sept 2025 over Q2 Sept 2024.
The counter slipped 1% to Rs 247 on the BSE.
Shares of Refex Industries fell 1.55% to Rs 253.45 on the BSE.