ALFA Finder| Revenue growth | 76.4% YoY for Q1 FY27. |
|---|---|
| Margins | EBITDA margin improved from 11.3% to 17.0% YoY. |
| Order book | INR 1,635 Cr (Ash); INR 1,860 Cr (Wind). |
| Demand visibility | Strong; backed by mandatory 100% ash utilization regulations. |
Growth
Revenue rose to INR 619.3 Cr (+76.4% YoY); EBITDA surged 166% to INR 105.4 Cr; PAT reached INR 73.6 Cr.
Outlook
Ash orderbook at INR 1,635 Cr; Wind orderbook at INR 1,860 Cr; demerger of mobility business planned for Aug 2026.
Risks
High regulatory dependence for ash utilization; capital intensive expansion into wind energy and mobility.
Last quarter's promises, checked
Delivered
- Execute wind order book of INR 1,500 Cr in FY27 → On track with Torrent delivery (= BEAT)
- Maintain EBITDA margin 15-18% → Delivered 17.0% (= BEAT)
- Ash handling tons per day ramp-up to 90k-95k → On track with 76.4% revenue growth (= BEAT)
Partly delivered
- Mobility demerger completion in 90 days (Aug 2026) → Process ongoing (= PARTIAL)
Investor Presentation 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