ALFA Finder| Revenue growth | FY26 revenue dropped 9.7% YoY due to business mix changes. |
|---|---|
| Margins | EBITDA margin expanded from 9.2% in FY25 to 17.2% in FY26. |
| Order book | Current order book ~₹1,500 Cr; Wind confirmed at ₹1,860 Cr. |
| Demand visibility | Strong, supported by 50 GW thermal capacity expansion projections. |
| Management confidence | High, citing improved earnings quality and stronger execution metrics. |
Growth
FY26 Standalone Revenue: ₹2,039 Cr (-9.7% YoY); EBITDA: ₹350 Cr (+68.5% YoY); PAT: ₹247 Cr (+34.7% YoY).
Outlook
Confirmed Wind orderbook of ₹1,860 Cr (406 MW) with a 1.5 GW pipeline; target 5 GW annual production capacity.
Risks
Regulatory penalties for non-compliance with ash utilization and dependence on thermal plant capacity additions.
Earnings Call filed with NSE, NSE: REFEX. Summary written with AI assistance from the document.
Refex Industries Ltd: key numbers
- Share price
- ₹232.77
- Market cap
- ₹3,194 Cr
- Revenue (annual)
- ₹2,277 Cr
- Net profit (annual)
- ₹203.3 Cr
- P/E (TTM)
- 12.3×Sector 52.1×
- Promoter holding
- 56.56%-0.01% QoQ
- FII holding
- 0.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Refex Industries Ltd
All →Refex Industries Other Announcement
Refex Industries' quarterly shareholding pattern as of 30 September 2026 shows promoter holdings of about 56.6% and total public shareholding details. The filing reports no promoter transaction or change in control.
Refex Industries Share Pledge
Refex Holding pledged shares to multiple entities, raising encumbered stake to 29.06% of capital. Pledged shares now total 51.37% of promoter holding.
Refex Industries Earnings Call Transcript: Key Takeaways
Refex reported strong revenue growth led by Ash/Coal handling, despite seasonal monsoon headwinds, while pivoting into a capital-light RMC business model.
- Call
- Guides 25% growth
Refex Industries Investor Presentation: Key Takeaways
Q2 FY27 standalone revenue ₹559.5 Cr (+36.1%), PAT ₹59.5 Cr (+13.1%); H1 revenue ₹1,178.8 Cr (+54.7%), PAT ₹133.2 Cr (+55.4%). Order book ₹1,721 Cr; RMC and wind ramping.
Refex Industries Results Update
Refex Industries reported Q2FY27 revenue of ₹560 cr (up 36.1% YoY) and PAT of ₹60 cr (up 13.1% YoY). H1FY27 PAT rose 55.4% to ₹133.2 cr.
Refex Industries Q2 FY27 Results: Net Profit ₹50.7 Cr, Up 40.1% YoY
Refex Industries Ltd reported revenue from operations of ₹761.3 Cr (+83.6% YoY) and net profit of ₹50.7 Cr (+40.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹50.7 Cr · +40.1% YoY