REFEXRENEW quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Refex Renewables & Infrastructure Ltd reported sales of ₹17 Cr, operating profit of ₹5 Cr (OPM 33%) and net profit of ₹24 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
REFEXRENEW quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
16
20
17
14
16
19
22
17
YoY Sales growth
-23
13
-7
2
1
-4
33
17
Expenses
8
10
8
11
10
11
10
11
Operating Profit
8
10
9
3
6
9
12
5
OPM
48%
51%
52%
22%
38%
45%
53%
33%
Other Income
1
5
2
1
2
1
3
37
Interest
11
12
11
12
13
12
12
12
Depreciation
5
5
5
5
5
5
5
5
Profit before tax
-7
-1
-5
-12
-9
-8
-1
26
Tax
56%
397%
38%
15%
20%
31%
145%
7%
Net Profit
-10
-5
-8
-14
-11
-10
-3
24
EPS in Rs
-22.38
-10.5
-16.83
-32.67
-23.59
-22.14
-6.89
53.02
REFEXRENEW profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
53.17
76.18
74.99
67.02
65.49
74.38
Sales growth
-25.72
43.28
-1.56
-10.63
-2.28
11.03
Expenses
60.05
67.44
41.96
35.15
38.5
42.34
Operating Profit
-6.88
8.74
33.03
31.87
26.99
32.04
OPM
-12.94%
11.47%
44.05%
47.55%
41.21%
43.08%
Other Income
11.02
19.89
18.02
6.89
6.05
44.16
Interest
19.52
35.14
41.73
43.4
48.25
48.86
Depreciation
17.06
16.06
17.65
18.05
19.56
19.92
Profit before tax
-32.44
-22.57
-8.33
-22.69
-34.77
7.42
Tax
13.84%
33.27%
313.33%
60.38%
23.58%
-
Net Profit
-36.94
-30.09
-34.42
-36.4
-42.97
-0.53
EPS in Rs
-72.36
-52.07
-55.03
-80.77
-93.44
0.4
Dividend Payout
0%
0%
0%
0%
0%
-
REFEXRENEW balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
4.49
4.5
4
4.5
4.5
Reserves
9.09
-49.58
-71
-84.59
-59.96
Borrowings
419.06
473.07
488
486.8
490.01
Other Liabilities
76.35
88.48
102
109.89
106.45
Total Liabilities
508.99
516.47
525
516.6
541
Fixed Assets
457.52
453.11
463
443.42
436.75
CWIP
0
0.32
1
1.56
17.68
Investments
0.1
0.1
0
11.13
13.82
Other Assets
51.37
62.94
60
60.49
72.75
Total Assets
508.99
516.47
525
516.6
541
REFEXRENEW cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
84.27
-54.58
120.5
27.03
15.85
Cash from Investing Activity
-158.73
-73.62
-14.5
-40
2.19
Cash from Financing Activity
73.91
124.81
-106.55
17.67
-23.89
Net Cash Flow
-0.55
-3.39
-0.55
4.69
-5.84
Free Cash Flow
-148.71
-127.1
104.93
14.03
10.11
CFO/OP
-1,258%
-613%
376%
88%
62%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit