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Investor Presentation

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.

Highlights
Revenue growthQ2 +36.1%, H1 +54.7% YoY, standalone continuing operations.
MarginsQ2 EBITDA margin 16.2% vs 18.1%; H1 up to 16.6%.
Order book₹1,721 Cr as on 30 Sep 2026.
Demand visibility₹1,721 Cr order book; ₹346 Cr new orders in Q2.
Management confidenceRecord order book; no explicit numeric guidance given.

Growth

Q2 EBITDA ₹90.5 Cr (+21.7%), margin 16.2% vs 18.1%. H1 EBITDA ₹195.9 Cr (+71.8%), margin 16.6% vs 15.0%.

Outlook

RGML demerger completion in coming months; RMC phased rollout across eight cities; wind deliveries begun. No numeric guidance.

Risks

Monsoon impact on Q2 volumes; trade receivables up to ₹905.9 Cr from ₹737.3 Cr; H1 working capital outflow ₹165.4 Cr.

Source

Investor Presentation filed with BSE, NSE: REFEX. Summary written with AI assistance from the document.

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Refex Industries Ltd: key numbers

Share price
₹222.65
Market cap
₹3,055 Cr
Revenue (annual)
₹2,277 Cr
Net profit (annual)
₹203.3 Cr
P/E (TTM)
11.8×Sector 52.2×
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.

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15:03 IST BSE
New Order Win

Refex Industries Bags ₹31.45 Cr Order from A Maharatna Public Sector Undertaking under the Ministry of Power

Refex Industries won a Rs.31.45 Crore slab-wise rate contract for ash transportation from a Maharatna PSU. The one-year contract, extendable by six months, supports NHAI and PMGSY road projects.

Value
₹31.45 Cr
From
A Maharatna Public Sector Undertaking under the Ministry of Power
Execution
1 year, extendable by 6 months