| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | Standalone revenue grew 36% YoY to ₹560 Cr. |
|---|---|
| Margins | EBITDA margin at 16%; Wind margins expected to improve with indigenization. |
| Order book | Wind order book at ₹1,100-1,200 Cr; Ash pipeline remains robust. |
| Demand visibility | Strong structural demand from thermal power capacity additions and RMC market. |
| Management confidence | Balanced; optimistic on diversification but acknowledging seasonal execution challenges. |
Growth
Standalone revenue grew 36% YoY to ₹560 Cr; H1 PAT surged 55% YoY reflecting operational scale.
Outlook
Management maintains 20-25% revenue growth guidance for Ash business; targeting FY27 RMC profitability.
Risks
Seasonal monsoon impacts execution; potential margin dilution in new RMC segment during initial ramp-up phase.
Earnings Call Transcript filed with NSE, NSE: REFEX. Summary written with AI assistance from the document.
Refex Industries Ltd: key numbers
- Share price
- ₹222.40
- Market cap
- ₹3,052 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.
More from Refex Industries Ltd
All →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
Refex Industries Board Meeting Date
Refex Industries has scheduled a board meeting for October 28, 2026, to consider and approve its unaudited standalone and consolidated financial results.
Refex Industries Other Announcement
Refex Industries Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026. This is a standard regulatory compliance filing.
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