India's Refex Industries rises as Q4 profit jumps on core business strength

Refex Industries

26/05/2026 09:04

** Shares of Refex Industries REFE.NS rise as much as 7% to 307.35 rupees

** Stock set for sixth session of gains, and on course for its best day this year, if trend holds

** Profit rose 87.9% to 908.2 million rupees ($9.52 million) for Q4, from 483.2 million rupees a year earlier

** Co's ash and coal handling remains its largest business, underscoring continued dependence on industrial logistics tied to India’s power sector

** Co says tax demand of about 3.57 billion rupees linked to an earlier assessment year was set aside by the Madras High Court, providing relief to the balance sheet

** REFE's revenue climbed 18% to 7.01 billion rupees

** Co has taken steps to streamline operations by discontinuing its power trading and refrigerant gas businesses, citing low margins, high compliance costs and increasing competition

** YTD, stock up 17%

($1 = 95.4350 Indian rupees)

 (Reporting by Pranav Kashyap in Bengaluru)

 ((pranav.kashyap@tr.com; +919886482111;))