Refex Industries Reports 15.3% YoY Growth in Q3 Net Profit to ₹68.00 Crores

Refex Industries has reported improved financial performance in its third quarter results, with net profit showing substantial year-on-year growth. The company's bottom line demonstrated resilience and operational efficiency during the reporting period.

Financial Performance Highlights

The company's third quarter financial results show a positive trajectory in profitability metrics. The net profit figures indicate sustained business momentum and effective cost management strategies.

Financial Metric:	Q3 Current Year	Q3 Previous Year	Growth (%)
Net Profit:	₹68.00 crores	₹59.00 crores	+15.3%

Year-on-Year Growth Analysis

The 15.3% increase in net profit from ₹59.00 crores to ₹68.00 crores demonstrates the company's ability to enhance its earnings performance. This growth indicates effective operational management and potentially improved market conditions for the company's business segments.

The consistent profitability growth suggests that Refex Industries has maintained its competitive position while optimizing its operational efficiency. The year-on-year comparison provides a clear indication of the company's financial health and business trajectory.

Business Performance Overview

The third quarter results reflect the company's ongoing efforts to strengthen its market position and operational capabilities. The improved net profit margins indicate successful implementation of business strategies and effective resource utilization across various operational areas.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.77%	-1.10%	-13.48%	-45.32%	-48.09%	+1,122.51%

Refex Industries has witnessed a significant increase in pledged shares held by Catalyst Trusteeship Limited, as disclosed in a regulatory filing dated January 20, 2026. The trustee company, acting as Debenture Trustee on behalf of debenture holders, has pledged an additional 45,19,856 shares of the Chennai-based company.

Share Pledging Details

The latest transaction, executed on January 16, 2026, involved pledging equity shares as encumbrance. This brings Catalyst Trusteeship's total holding of pledged shares to substantial levels.

Parameter	Before Acquisition	Current Acquisition	After Acquisition
Pledged Shares	1,29,28,061	45,19,856	1,74,47,917
% of Total Share Capital	9.43%	3.30%	12.73%
% of Diluted Capital	8.58%	3.00%	11.58%

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited, formerly known as GDA Trusteeship Ltd, filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where Refex Industries shares are listed.

Company Capital Structure

Refex Industries maintains its equity share capital structure unchanged following this pledging activity. The company's capital details remain as follows:

Capital Structure	Details
Equity Share Capital	₹27,42,59,064
Number of Shares	13,71,29,532 equity shares
Face Value	₹2.00 per share
Diluted Share Capital	₹30,11,59,136
Diluted Shares Outstanding	15,05,79,568 shares

The diluted capital calculation includes outstanding ESOP grants, providing a comprehensive view of the company's potential share capital.

Trustee Role and Authorization

Deesha Srikkanth, Senior Vice President at Catalyst Trusteeship Limited, signed the disclosure documents on behalf of the company. The trustee operates in a fiduciary capacity, holding these shares as security for debenture holders rather than as a promoter or promoter group entity.

This pledging arrangement represents a standard corporate financing structure where equity shares serve as collateral for debt instruments, providing security to debenture investors while allowing the original shareholders to retain beneficial ownership of the underlying assets.