Refex Industries Gears Up for Q3 Reveal on 21st January; Check Key Expectations Here

Refex Industries, one of the most significant Indian conglomerates, is set to announce its Q3 FY26 results on 21st January 2026. Financial analysts anticipate an increase in revenue due to higher sales and a significant rise in PAT.

Refex Industries Q3 Results 2026 Preview

• Refex Industries' revenue is expected to be in the range of ₹717.13 crore, a 67.56% YoY increase. 
• Profit After Tax, or PAT, is projected to rise by 61.14% YoY. 
• Refex Industries' EBITDA is expected to rise to ₹42.41 crore. 
• Net profit is ₹50.05 crore, a rise by 61.14% YoY 

Refex Industries Share Performance 

• Over the past six months, Refex Industries' share price has fallen by 43.41% to ₹242,50.
• Moreover, over the past year, the stock has decreased by 47.33%.
• Despite this weak short-term performance, Refex Industries' stock has delivered a financially sound 1,212.94% return over the past 5 years.
• As of 20th January 2026, the stock traded at ₹242.50 per share.

Key Factors to Watch for Refex Industries

• Core Business Momentum (Ash & Coal Handling): The ash and coal handling segment remains the primary revenue engine, with strong order books and capacity expansion supporting near-term sales and profitability growth.
• Margin Trends & Cost Efficiency: Operating and PAT margins have come under pressure due to lower volumes and higher costs; watching for improvements in margins through operational efficiency and mix shifts will be important for sustainable earnings.
• Diversification into New Verticals: Progress in solar energy, green mobility (EV fleet), and wind turbine projects adds future growth avenues beyond core refrigerants and ash management.
• Working Capital & Balance Sheet Health: Cash flow dynamics and working capital management — especially given past increases in current assets and capital intensity — are key for financial resilience and funding growth.

Final Thoughts

Refex Industries will announce its Q3 FY26 results on 21st January 2026. Analysts expect 67.56% YoY revenue growth, a 61.14% rise in PAT, and a 42.21% rise in EBITDA. Refex Industries focuses on providing industrial solutions in ash & material handling, refrigerant gases, and emerging green technology segments while enhancing operational efficiency and diversification.

Disclaimer: Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities.

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