Refex Industries Reports INR 583.26 Cr in Revenue for Q3 FY26, Marking a 38% QoQ Growth

Refex Industries Limited, a leading player in India's green transformation with the Ash & Coal Handling business vertical, announced its un-audited financial results for Q3 FY26. The company reported a total income of INR 590.29 Cr, reflecting a 38% quarter-on-quarter growth. The increase in operating throughput translated into improved profitability, with EBITDA rising to INR 93.91 Cr and profit after tax increasing to INR 66.91 Cr for the quarter. The company has decided to exit the Power Trading and Refrigerant Gas businesses, focusing on higher-return core operations. With multiple new ash handling projects commencing and site activity stabilising across locations, Refex Industries is well positioned to sustain operational momentum in the coming quarters.