ALFA Finder| Revenue growth | 18% YoY for Q4 FY26 standalone operations. |
|---|---|
| Margins | EBITDA margins improved to 20.1% (Q4); targeting sustainable 15-18% range. |
| Order book | ₹1,500cr in Ash & Coal; ₹1,860cr total Wind (₹1,500cr pending). |
| Demand visibility | Strong; thermal power expansion (50GW) driving long-term ash handling demand. |
| Management confidence | High; focusing on sustainable growth, operational efficiency, and capital allocation. |
Growth
FY26 standalone EBITDA grew 68% to ₹350cr; Q4 EBITDA margins doubled to 20.1% due to service-mix shift.
Outlook
Executing ₹1,500cr ash order book and ₹1,500cr wind order backlog in FY27; aiming for 2GW wind capacity.
Risks
Seasonal monsoon impact in Q2; receivables at 105-125 days; commodity price volatility in diesel costs.
Earnings Call filed with NSE, NSE: REFEX. Summary written with AI assistance from the document.
Refex Industries Limited: key numbers
- Share price
- ₹234.18
- Market cap
- ₹3,214 Cr
- Revenue (annual)
- ₹2,277 Cr
- Net profit (annual)
- ₹203.3 Cr
- P/E (TTM)
- 12.4×Sector 51.9×
- 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 Limited
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