Refex Industries Gears Up for Q3 Reveal on 21st January; Check Key Expectations Here
Click and Sign Up to Get Live Updates on Q3 Results
Updated: 20 Jan 2026 • 6:19 pm
Posted by:
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.
Download the Univest iOS App or Univest Android App to get daily stock recommendations and insightful research pieces!
Recent Articles
Top 10 Penny Stocks in India | Penny Stocks to Buy in 2026
Best Stocks to Buy Today: Explore Best Stocks With Expected Trends
Milky Mist Dairy Foods IPO Details: Everything You Should Know about
Karbonsteel Engineering IPO GMP & Review: Should You Apply or Avoid?
Taurian MPS IPO GMP & Review: Should You Apply or Avoid?
Shringar House of Mangalsutra IPO GMP & Review: Apply or Avoid?
Dev Accelerator IPO GMP & Review: Apply or Avoid?
Recent Articles
Bank of Baroda Share Price Down 15% in Three Months: Can Bulls Return? Analyst Targets, Support and Stop-Loss Levels After the NMC Settlement
1 October 2026
Small-Cap Dividend Stocks: 9 High-Yield Names From PTC India and Premco Global to Gujarat Pipavav Port, and Why a 15% Dividend Yield Needs a Second Look
1 October 2026
Nifty 50 Rejig Explained: BSE Ltd Replaces Wipro, Why Stocks Often Move After Index Entry or Exit and What the Flows Mean
1 October 2026
PB Fintech Share Price Is Back Near the IPO Price: Why the Policybazaar Parent Lost Nearly 48% in Six Sessions After IRDAI's Commission Cap Proposal
1 October 2026
Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.
Reviews
Recent Posts
Bank of Baroda Share Price Down 15% in Three Months: Can Bulls Return? Analyst Targets, Support and Stop-Loss Levels After the NMC Settlement
Small-Cap Dividend Stocks: 9 High-Yield Names From PTC India and Premco Global to Gujarat Pipavav Port, and Why a 15% Dividend Yield Needs a Second Look
Nifty 50 Rejig Explained: BSE Ltd Replaces Wipro, Why Stocks Often Move After Index Entry or Exit and What the Flows Mean
PB Fintech Share Price Is Back Near the IPO Price: Why the Policybazaar Parent Lost Nearly 48% in Six Sessions After IRDAI's Commission Cap Proposal
GTV Engineering Share Price Ahead of 2:1 Bonus: Record Date 7 October, Last Day to Buy and What the Small-Cap's 5-Year Run Means
Uniresearch Global Pvt Ltd
Research Analyst
SEBI Registration Number — INH000013776
Uniresearch is a subsidiary of Univest Communication Technologies Private Limited
Company Address: Registered Address: Ground Floor, Unitech Commercial Tower 2, Block B, Greenwood City, Unit 1-3, Sector 45, Gurugram, Haryana 122003
Write to us : support@univest.in, compliance@univest.in
Verify on SEBI registry →RESEARCH ANALYST
Get SEBI Registered
advice on the stocks
trending today.
Get 3 FREE Trade Ideas
for Startups Accelerator 2024
Trusted by 1Cr Indians
Awarded No.1 by Economic Times