According to reports from Business Standard, Refex Industries reported a consolidated net loss of ₹9.96 crore for the quarter ended March 2026, representing a significant deterioration from the net loss of ₹4.72 crore recorded in the corresponding quarter of the previous year. The company's sales declined by 3.59% to ₹19.35 crore in Q4 FY2026, compared to ₹20.07 crore in Q4 FY2025. The operational profit margin (OPM) for the quarter stood at 44.55%, down from 51.37% in the same period last year. On a sequential basis, revenue rose 12% from ₹1.9 crore in Q3 FY26, while net loss narrowed from ₹4 crore reported in the previous quarter. Total expenses declined to ₹5.7 crore from ₹6.5 crore sequentially.
As reported by Business Standard, for the full financial year ended March 2026, the company's net loss increased to ₹42.02 crore from ₹36.31 crore in the previous year. Annual sales declined by 2.24% to ₹66.47 crore in FY2026, compared to ₹67.99 crore in FY2025. The company's profit before tax (PBT) for the full year was ₹7.70 crore, a significant decline from ₹1.01 crore in the previous year, representing a 662% decrease. For FY26, Refex Industries reported standalone revenue from operations of ₹9.9 crore compared with ₹18.8 crore in FY25, while total income declined to ₹13 crore from ₹20.5 crore in FY25.
According to the financial data reported by Business Standard, the company's profit before depreciation and tax (PBDT) for Q4 FY2026 was ₹2.71 crore, compared to ₹3.58 crore in Q4 FY2025. For the full year, PBDT stood at ₹15.21 crore versus ₹5.55 crore in the previous year. The loss per share for FY2026 was ₹1.08, compared to ₹0.88 in the previous year, indicating increased dilution of earnings per share. Finance costs increased to ₹2.4 crore from ₹2.3 crore in Q3 FY26, while employee benefit expenses fell to ₹1.5 crore from ₹2.5 crore. Other expenses stood at ₹0.9 crore against ₹0.7 crore in the previous quarter.
As reported by Business Standard, total expenses declined to ₹5.7 crore from ₹6.5 crore sequentially, with total borrowings increasing to ₹83.2 crore as of March 31, 2026, compared with ₹61.5 crore a year ago. The company also reported higher trade receivables and loans during the year. Cash and cash equivalents fell sharply to ₹0.1 crore from ₹5.7 crore at the end of FY25. Total assets increased to ₹41.9 crore as of March 31, 2026, compared with ₹26.8 crore a year earlier. The commercial and industrial segment remained the primary contributor to revenue, generating ₹2.1 crore during the quarter, though segment results remained negative at ₹0.9 crore.
