Refex Industries quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	761	427	+78.4%
EBITDA	102	70.5	+44.6%
EBITDA margin	13.4%	16.5%	−3.1 pts
Profit before tax	80.7	63.9	+26.2%
Net profit	50.7	36.2	+40.1%
EPS	₹3.69	₹2.80	+31.8%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	761	916	934	576	427	383	628	717	528	595	342	306	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	2.0	12.3	3.9	5.8	5.2	10.7	16.1	24.8	7.1	2.1	8.0	3.2
	763	929	938	582	432	394	644	742	535	597	350	309
	619	828	758	208	179	180	248	146	68.3	81.5	94.1	63.5
	0.0	0.0	0.0	277	196	159	287	495	390	466	190	199
	15.4	−52.7	−5.7	−18.2	−36.3	−16.2	2.3	2.1	10.9	−15.4	0.1	−1.6
	13.4	10.8	7.7	9.9	10.9	14.0	12.7	10.0	8.1	8.5	6.1	5.4
	16.9	12.9	10.1	9.1	6.6	9.9	8.8	7.7	5.4	5.8	8.5	8.3
	6.4	5.8	5.3	5.0	5.2	14.1	11.6	8.9	6.4	5.6	4.2	4.0
	11.4	22.9	14.4	10.3	6.4	8.6	14.6	13.0	4.3	6.1	10.6	5.5
	683	828	790	500	368	369	584	683	493	558	314	284
	102	107	160	89.8	70.5	37.8	63.8	51.1	46.4	48.4	41.3	34.3
	95.5	101	154	84.7	65.3	23.7	52.2	42.2	40.0	42.8	37.1	30.3
Profit
	80.7	101	148	81.4	63.9	24.4	59.5	59.3	41.7	39.1	36.6	25.2
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.3	0.0	0.0	−0.0
	80.7	101	148	81.4	63.9	24.4	59.5	59.3	42.0	39.1	36.6	25.2
	21.5	25.8	37.2	21.9	19.2	8.0	15.7	10.2	11.8	12.1	8.4	7.1
	−0.4	0.2	4.8	−1.8	−0.6	−4.1	−4.1	−0.9	−0.9	−2.4	−5.2	1.2
	21.1	26.0	42.0	20.0	18.6	3.9	11.6	9.3	11.0	9.7	3.2	8.3
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
	50.7	64.6	94.4	52.7	36.2	20.4	47.9	50.1	31.1	29.3	33.4	16.9
	59.6	74.5	106	61.3	45.3	20.5	47.9	50.1	31.1	29.3	33.4	16.9
	−8.9	−10.0	−11.5	−8.6	−9.1	−0.2	0.0	0.0	0.0	0.0	0.0	0.0
	0.0	−7.9	5.8	0.5	5.6	−0.4	−1.5	−0.0	0.0	0.0	0.0	−0.1
	50.7	56.6	100	53.2	41.8	19.9	46.5	50.0	31.1	29.3	33.4	16.8
	—	63.8	90.8	53.9	37.4	21.2	48.3	50.1	31.1	30.0	34.3	—
	—	0.8	3.6	−1.2	−1.3	−0.8	−0.4	—	0.0	−0.7	−0.9	—
Per share
	₹3.69	₹4.65	₹6.62	₹3.94	₹2.80	₹1.58	₹3.71	₹3.99	₹2.60	₹2.54	₹3.02	₹7.64
	₹3.64	₹4.59	₹6.54	₹3.89	₹2.66	₹1.50	₹3.52	₹3.86	₹2.58	₹2.50	₹3.00	₹7.62
Continuing & discontinued operations
	−12.2	−13.9	−15.7	−11.9	−12.4	−0.2	0.0	0.0	0.0	0.0	0.0	0.0
	−3.4	−4.0	−4.2	−3.3	−3.3	−0.1	0.0	0.0	0.0	0.0	0.0	0.0
Other comprehensive income — detail
	0.0	−7.9	5.8	0.5	5.6	−0.4	−1.5	—	—	—	—	—
	0.0	—	1.1	—	5.6	—	0.0	−0.0	0.0	—	—	—
	—	−7.9	4.6	0.5	—	−0.4	−1.9	—	—	—	—	—
	—	0.0	0.0	0.0	0.0	0.0	−0.5	—	—	—	—	—
	—	58.0	95.7	54.2	41.6	21.1	47.1	50.0	31.1	30.0	34.3	—
	—	−1.4	4.5	−1.0	0.2	−1.1	−0.7	0.0	0.0	−0.7	−0.9	—
Per share — as-filed variants
	₹4.34	₹5.38	₹7.46	₹4.57	₹3.50	₹1.59	₹3.71	₹3.99	₹2.60	₹2.54	₹3.02	₹7.64
	₹4.29	₹5.32	₹7.38	₹4.52	₹3.36	₹1.51	₹3.52	₹3.86	₹2.58	₹2.50	₹3.00	₹7.62
	−₹0.65	−₹0.73	−₹0.84	−₹0.63	−₹0.70	−₹0.01	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
	−₹0.65	−₹0.73	−₹0.84	−₹0.63	−₹0.70	−₹0.01	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	127	141	182	110	87.8	60.4	91.1	74.2	58.9	63.0	58.0	45.2
	16.6%	15.4%	19.4%	19.1%	20.6%	15.8%	14.5%	10.3%	11.2%	10.6%	16.9%	14.8%
Adjusted (ex-exceptional items) — derived
	80.7	101	148	81.4	63.9	24.4	59.5	59.3	41.7	39.1	36.6	25.2
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.3	0.0	0.0	−0.0
	50.7	64.6	94.4	52.7	36.2	20.4	47.9	50.1	30.9	29.3	33.4	16.9
	₹3.69	₹4.65	₹6.62	₹3.94	₹2.80	₹1.58	₹3.71	₹3.99	₹2.58	₹2.54	₹3.02	₹7.64

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

REFEX₹222.30

Refex Industries Ltd.

· Chemicals

Annual Quarterly₹ CrorePeersRCF RALLIS RAIN PRIVISCL SHARDACROP NFL STYRENIX NEOGENMcap ₹3,050 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	306.0	342.3	595.1	527.7	717.1	627.8	383.2	426.9	576.0	934.2	916.3	761.3
Other Income	3.2	8.0	2.1	7.1	24.8	16.1	10.7	5.2	5.8	3.9	12.3	2.0
Total Income	309.2	350.3	597.2	534.7	741.9	643.9	393.9	432.0	581.8	938.1	928.7	763.4
Expenses
+ Cost of Materials Consumed	63.5	94.1	81.5	68.3	146.2	247.7	180.3	179.2	207.6	758.2	828.3	619.2
+ Purchases of Stock-in-Trade	198.9	190.2	466.1	389.6	494.6	286.7	158.8	196.2	276.6	0.0	0.0	0.0
+ Changes in Inventories	-1.6	0.1	-15.4	10.9	2.1	2.3	-16.2	-36.3	-18.2	-5.7	-52.7	15.4
+ Employee Benefit Expense	5.4	6.1	8.5	8.1	10.0	12.7	14.0	10.9	9.9	7.7	10.8	13.4
+ Finance Costs	8.3	8.5	5.8	5.4	7.7	8.8	9.9	6.6	9.1	10.1	12.9	16.9
+ Depreciation & Amortisation	4.0	4.2	5.6	6.4	8.9	11.6	14.1	5.2	5.0	5.3	5.8	6.4
+ Other Expenses	5.5	10.6	6.1	4.3	13.0	14.6	8.6	6.4	10.3	14.4	22.9	11.4
Total Expenses	284.0	313.7	558.2	493.0	682.6	584.4	369.5	368.1	500.4	790.1	828.1	682.7
EBITDA	34.3	41.3	48.4	46.4	51.1	63.8	37.8	70.5	89.8	159.5	107.0	101.9
EBIT	30.3	37.1	42.8	40.0	42.2	52.2	23.7	65.3	84.7	154.2	101.1	95.5
Profit
PBT before Exceptional Items	25.2	36.6	39.1	41.7	59.3	59.5	24.4	63.9	81.4	148.0	100.5	80.7
+ Exceptional Items	-0.0	0.0	0.0	0.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	25.2	36.6	39.1	42.0	59.3	59.5	24.4	63.9	81.4	148.0	100.5	80.7
+ Current Tax	7.1	8.4	12.1	11.8	10.2	15.7	8.0	19.2	21.9	37.2	25.8	21.5
+ Deferred Tax	1.2	-5.2	-2.4	-0.9	-0.9	-4.1	-4.1	-0.6	-1.8	4.8	0.2	-0.4
Tax Expense	8.3	3.2	9.7	11.0	9.3	11.6	3.9	18.6	20.0	42.0	26.0	21.1
+ Share of Associates & JVs	-0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income	16.9	33.4	29.3	31.1	50.1	47.9	20.4	36.2	52.7	94.4	64.6	50.7
+ Net Income — Continuing Ops	16.9	33.4	29.3	31.1	50.1	47.9	20.5	45.3	61.3	106.0	74.5	59.6
+ Net Income — Discontinued Ops	0.0	0.0	0.0	0.0	0.0	0.0	-0.2	-9.1	-8.6	-11.5	-10.0	-8.9
+ Other Comprehensive Income	-0.1	0.0	0.0	0.0	-0.0	-1.5	-0.4	5.6	0.5	5.8	-7.9	0.0
Total Comprehensive Income	16.8	33.4	29.3	31.1	50.0	46.5	19.9	41.8	53.2	100.2	56.6	50.7
Net Income to Common	—	34.3	30.0	31.1	50.1	48.3	21.2	37.4	53.9	90.8	63.8	—
Minority Interest	—	-0.9	-0.7	0.0	—	-0.4	-0.8	-1.3	-1.2	3.6	0.8	—
Per Share
Basic EPS	7.64	3.02	2.54	2.60	3.99	3.71	1.58	2.80	3.94	6.62	4.65	3.69
Diluted EPS	7.62	3.00	2.50	2.58	3.86	3.52	1.50	2.66	3.89	6.54	4.59	3.64
Continuing & Discontinued Operations
+ Discontinued Operations — before Tax	0.0	0.0	0.0	0.0	0.0	0.0	-0.2	-12.4	-11.9	-15.7	-13.9	-12.2
+ Tax — Discontinued Operations	0.0	0.0	0.0	0.0	0.0	0.0	-0.1	-3.3	-3.3	-4.2	-4.0	-3.4
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-1.5	-0.4	5.6	0.5	5.8	-7.9	0.0
+ Items NOT to be Reclassified to P&L	—	—	—	0.0	-0.0	0.0	—	5.6	—	1.1	—	0.0
+ Items to be Reclassified to P&L	—	—	—	—	—	-1.9	-0.4	—	0.5	4.6	-7.9	—
+ Tax on Items to be Reclassified	—	—	—	—	—	-0.5	0.0	0.0	0.0	0.0	0.0	—
Comprehensive Income — Owners of Parent	—	34.3	30.0	31.1	50.0	47.1	21.1	41.6	54.2	95.7	58.0	—
Comprehensive Income — Non-controlling Interests	—	-0.9	-0.7	0.0	0.0	-0.7	-1.1	0.2	-1.0	4.5	-1.4	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	7.64	3.02	2.54	2.60	3.99	3.71	1.59	3.50	4.57	7.46	5.38	4.34
Diluted EPS — Continuing Operations	7.62	3.00	2.50	2.58	3.86	3.52	1.51	3.36	4.52	7.38	5.32	4.29
Basic EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.70	-0.63	-0.84	-0.73	-0.65
Diluted EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	-0.70	-0.63	-0.84	-0.73	-0.65
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	45.2	58.0	63.0	58.9	74.2	91.1	60.4	87.8	109.9	181.7	140.7	126.7
Gross Margin %	14.79	16.93	10.58	11.15	10.34	14.51	15.77	20.57	19.08	19.45	15.35	16.64
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	25.2	36.6	39.1	41.7	59.3	59.5	24.4	63.9	81.4	148.0	100.5	80.7
− Exceptional Items (reconciliation)	-0.0	0.0	0.0	0.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	16.9	33.4	29.3	30.9	50.1	47.9	20.4	36.2	52.7	94.4	64.6	50.7
EPS Adj	7.64	3.02	2.54	2.58	3.99	3.71	1.58	2.80	3.94	6.62	4.65	3.69
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Paid Up Equity Capital	22.1	23.1	23.1	24.1	25.8	25.8	25.9	25.9	27.4	27.4	27.4	27.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Refex Industries Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 1:20 pm IST

Refex Industries (NSE: REFEX) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 1:20 pm IST. Consolidated net profit was ₹50.7 crore, up 35.4% from ₹37.4 crore in Q2 FY26 and down 20.5% from ₹63.8 crore in Q1 FY27. Revenue from operations was ₹761 crore, up 78.4% year on year and down 16.9% from the previous quarter.

Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹50.7 Cr+35.4% vs Q2 FY26−20.5% vs Q1 FY27
Revenue from operations: ₹761 Cr+78.4% vs Q2 FY26−16.9% vs Q1 FY27
Operating margin (EBIT): 12.6%−2.8 pts vs Q2 FY26+1.5 pts vs Q1 FY27EBIT ₹95.5 Cr
EBITDA: ₹102 Cr+44.6% vs Q2 FY26−4.7% vs Q1 FY27margin 13.4%
Earnings per share (basic): ₹3.69+31.8% vs Q2 FY26−20.6% vs Q1 FY27
Net profit margin: 6.7%−2.1 pts vs Q2 FY26−0.3 pts vs Q1 FY27

Questions

What was Refex Industries' net profit in Q2 FY27?

Consolidated net profit was ₹50.7 crore, up 35.4% from ₹37.4 crore in Q2 FY26 and down 20.5% from ₹63.8 crore in Q1 FY27.

What is Refex Industries' net profit margin?

Refex Industries' net profit margin was 6.7% in Q2 FY27 (net profit as a share of revenue from operations), against 8.8% in Q2 FY26 (down 2.1 percentage points). For FY26 as a whole it was 8.9%.

What was Refex Industries' net profit in FY26?

Consolidated net profit was ₹203 crore in FY26 (April 2025–March 2026), up 28.1% from ₹159 crore in FY25. It was ₹93.9 crore in FY24 and ₹116 crore in FY23: up 75.2% over three years, 20.6% a year on average.

What was Refex Industries' revenue in Q2 FY27?

Revenue from operations was ₹761 crore, up 78.4% year on year and down 16.9% from the previous quarter.

What was Refex Industries' EPS in Q2 FY27?

Basic earnings per share were ₹3.69, against ₹2.80 in Q2 FY26.

When did Refex Industries announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 1:20 pm IST, in its results filing to the stock exchanges.

How were Refex Industries' Q2 FY27 results?

Both grew from a year earlier: net profit was up 35.4% at ₹50.7 crore and revenue was up 78.4% at ₹761 crore. The operating margin was 12.6%, down 2.8 percentage points from 15.3% a year earlier. Against Q1 FY27, net profit was down 20.5% and revenue down 16.9%.

What was Refex Industries' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹95.5 crore, a margin of 12.6%, against 11.0% in Q1 FY27 and 15.3% in Q2 FY26. EBITDA was ₹102 crore, 13.4% of revenue.

What was Refex Industries' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹114 crore, up 95.3% from ₹58.6 crore in the same months a year earlier. Revenue from operations was ₹1,678 crore, up 107.1%.

How has Refex Industries' profit changed over the last four quarters?

Net profit by quarter: ₹53.9 crore in Q3 FY26, ₹90.8 crore in Q4 FY26, ₹63.8 crore in Q1 FY27 and ₹50.7 crore in Q2 FY27. That is ₹259 crore over the four quarters, up 65.1% from ₹157 crore in the four quarters before. Revenue from operations: ₹576 crore, ₹934 crore, ₹916 crore and ₹761 crore.

What was Refex Industries' revenue in FY26?

Revenue from operations was ₹2,277 crore in FY26 (April 2025–March 2026), down 7.7% from ₹2,468 crore in FY25. It was ₹1,383 crore in FY24 and ₹1,629 crore in FY23: up 39.7% over three years, 11.8% a year on average.

When will Refex Industries announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Refex Industries figures come from?

From Refex Industries' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.