ALFA Finder| Revenue growth | FY26 standalone revenue at ₹2,039cr, moderated due to exit from trading. |
|---|---|
| Margins | EBITDA margins expanded to 20.1% in Q4 from 10.4% YoY. |
| Order book | Robust pipeline: ₹1,500cr in ash handling and ₹1,500cr in wind energy. |
| Demand visibility | Strong visibility from 50GW new thermal power projects and EV shifts. |
| Management confidence | Highly confident, focusing on high-quality service-led EBITDA margins of 17%. |
Growth
PAT grew 67% YoY in Q4; Ash/Coal handling segment revenue grew 28% excluding discontinued trading businesses.
Outlook
Order pipeline of ₹1,500cr in Ash/Coal and ₹1,500cr in Wind; targeting double-digit growth in Ash volumes.
Risks
High receivables at 105-125 days; rising diesel costs partially impact margins despite 40-60% pass-through clauses.
Earnings Call filed with BSE, 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