Refex Industries Share Price Analyzed
Refex Industries saw a strong rise in its share price on November 28, 2025. The stock jumped by 13.5% to reach a high of ₹363.60 per share by 11:00 AM. The BSE Sensex also increased by 0.24% to 85,925.91. This increase was driven by a significant new order that the company secured.
Key Points
- Large order: Refex won a ₹100 crore contract.
- New Work: The contract involves excavation and ash transport.
- Timeline: Project completion expected in 4 months.
- Strong Results: Revenue up 19% to ₹431 crore.
- Profit Surge: Ebitda rose to ₹73.82 crore, margin 17.44%.
- Net Profit Up: Net profit increased to ₹52.08 crore.
Why the Price Increase?
The primary reason for the increase was a new order worth approximately ₹100 crore. Refex Industries secured this contract for excavation, loading, and transportation of pond ash and bottom ash. The company stated that the project is expected to be completed within four months.
Recent Developments & Financial Performance
Recently, the Ministry of Corporate Affairs approved the incorporation of Venwind Refex Projects Limited, a wholly-owned subsidiary of Venwind Refex Power Limited, which became a step-down subsidiary of Refex Industries Limited. In the previous month, Refex Industries announced an order for transporting pond/fly ash to a National Highways Authority of India (NHAI) road project, securing business from a State GENCO.
Refex Industries’ Q2 results for FY26 were impressive. The company reported a revenue of ₹423.21 crore, a significant increase from ₹376.59 crore in Q1FY26 and ₹436.10 crore in Q2FY25. The Ebitda surged to ₹73.82 crore and net profit rose to ₹52.08 crore, demonstrating improved profitability. Chairman Anil Jain highlighted improvements due to recovering operations after monsoon delays and focused on cost efficiency.
About Refex Industries
Refex Industries is a diversified Indian company established in 2002. It operates in several key areas, including eco-friendly refrigerant gases, ash and coal handling services for thermal power plants, and power trading. The company is part of the broader Refex Group, which also has interests in renewable energy, medical technologies, and green mobility solutions. Refex Industries is known for its expertise in refrigerant refilling and comprehensive ash and coal management services for the power sector.
Refex Industries’ success is rooted in its ability to adapt to market changes and deliver innovative solutions in key industries.
