Synopsis:
Refex Industries Limited has secured a Rs. 30.12 crore order for transporting ash from a major PSU power producer to NHAI road projects, scheduled for completion within five months.
A power and infrastructure stock has secured a significant order in the ash transportation segment. The contract is expected to be executed over the coming months, reflecting continued demand for services in this segment and the company’s focus on disciplined project delivery and operational efficiency. Refex Industries Limited, with a market capitalization of Rs. 4,632.12 crore, closed at Rs. 358.30 on November 7, 2025, down 2.86 percent from the previous close.
What’s the News?
Refex Industries Limited has received an order to transport ash from a major public sector power producer to NHAI road projects. The contract is valued at Rs. 30.12 crore and is expected to be executed over a period of five months. This order strengthens Refex’s presence in its Ash & Coal Handling segment, which has recovered strongly despite higher than usual monsoon rains, aided by the ramp up of new projects. The company remains committed to disciplined execution, cost optimization, and sustainable growth as it progresses through the second half of the financial year.
Financial Snapshot – Q2FY26
Quarter-on-Quarter: Refex Industries reported sales rising from Rs. 366 crore in Q1FY26 to Rs. 427 crore in Q2FY26, a 16.7 percent increase. Operating profit rose by 89.2 percent from Rs. 37 crore to Rs. 70 crore. Profit before tax surged from Rs. 28 crore to Rs. 55 crore, up 96.4 percent, while net profit climbed from Rs. 20 crore to Rs. 36 crore, a 80 percent increase.
Year-on-Year: Compared to Q2FY25, sales remained largely stable at Rs. 427 crore versus Rs. 428 crore. Operating profit improved significantly from Rs. 43 crore to Rs. 70 crore, a 62.8 percent rise. Profit before tax grew from Rs. 42 crore to Rs. 55 crore, a 31 percent increase, and net profit increased from Rs. 31 crore to Rs. 36 crore, a 16.1 percent rise.
About the Company
Founded in 2002 and headquartered in Chennai, Refex Industries Limited is a pioneer in sustainability-driven solutions in India. Over the last 22 years, the company has built a diverse portfolio that includes Ash & Coal Handling services, Green Mobility initiatives through a wholly owned subsidiary, and Wind energy solutions via another subsidiary. Focused on advancing environmentally responsible solutions, Refex Industries continues to lead initiatives that promote a greener, sustainable future for India.
Written by Manan Gangwar
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