Refex Industries Limited announced its financial results for the quarter ended December 2025, highlighting a 45.6% quarter-on-quarter surge in net profit to ₹52.71 Crore. While consolidated revenue grew by 34.7% sequentially to ₹581.81 Crore, it saw a 21.6% decline compared to the ₹741.92 Crore reported in the corresponding quarter of the previous year. This year-over-year dip is largely attributed to the company’s strategic decision to exit low-margin power trading and refrigerant gas businesses to focus on more profitable segments like ash handling and wind energy.

Refex Industries is a diversified conglomerate specializing in environmentally friendly solutions. Its core operations include ash and coal handling for power plants, the distribution of refrigerant gases, and renewable energy projects through its solar and wind divisions. The company is currently transitioning toward high-growth sustainability sectors, managing a massive daily volume of ash and expanding its wind turbine manufacturing capabilities under its subsidiary, Venwind Refex Power Limited.