Refex Industries Limited announced its financial results for the quarter ended September 2025 (Q2 FY 2025-26) reporting a consolidated revenue of ₹432.05 crore, marking a 9.7% quarter-on-quarter increase. The profit after tax (PAT) was ₹36.19 crore, showing a 77.7% growth compared to the previous quarter and a 16.5% rise compared to the corresponding quarter of the previous year. Profit before tax increased by 52.1% year-on-year while tax expenses rose significantly. This robust financial performance indicates an improving operational efficiency and profitability trajectory for the company.
| Financial Metric | Q2 FY 2025-26 | Q1 FY 2025-26 | Q2 FY 2024-25 | QoQ Change (%) | YoY Change (%) |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 432.05 | 393.49 | 411.15 | +9.7% | +5.1% |
| Profit After Tax (₹ crore) | 36.19 | 20.37 | 31.06 | +77.7% | +16.5% |
Refex Industries Limited (RIL) specializes in the handling and disposal of fly ash and pond ash, along with being a significant player in refilling eco-friendly refrigerant gases in India. It has expanded into ash and coal handling business with significant market presence in India, managing large-scale operations including 50,000 MT of ash daily. The company also recently secured a substantial domestic order valued at approximately ₹100 crore for excavation, loading, and transportation of pond ash/bottom ash, marking a notable expansion in its service portfolio.
In FY 2025-26, Refex Industries demonstrated strong financial improvement, supported by its new contracts and operational efficiency. The company’s Q2 consolidated revenue rose to ₹432.05 crore from ₹393.49 crore in the previous quarter and ₹411.15 crore in the same quarter last year. Profitability gained momentum with PAT increasing to ₹36.19 crore compared to ₹20.37 crore in Q1 FY26 and ₹31.06 crore a year earlier. The company has attracted attention from investors for its strategic growth in industrial waste management and eco-friendly solutions. The prominent business conglomerate RHPL is the parent group backing the company, contributing to strategic robustness.
This financial uptrend, coupled with the latest major contract win, signals a positive outlook for Refex Industries, positioning it as a leader in environmental management services within the industrial sector in India.
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