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Refex reported strong revenue growth led by Ash/Coal handling, despite seasonal monsoon headwinds, while pivoting into a capital-light RMC business model.
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 shows strong Q1 FY27 growth across Ash and Wind segments, though Wind margins are currently razor-thin due to pre-operating costs. Management is aggressively pivoting to a pure-play product supplier model in the wind sector.
Refex Industries reported strong Q1 FY27 results with 76.4% revenue growth and 122.8% PAT growth, driven by ash management and wind turbine manufacturing.
Refex Industries reported Q4 FY26 standalone revenue of ₹701cr (up 18% YoY) and PAT of ₹94cr (up 67%). Strategy focuses on scaling Ash & Coal handling and Wind Energy while exiting legacy trading.
Refex Industries delivered a solid FY26 with strong PAT growth despite flat revenues due to a strategic shift from trading to high-margin service segments like ash and coal handling.
Refex Industries reported strong Q4/FY26 performance driven by its Ash handling and Wind energy segments, showing significant EBITDA margin expansion despite a slight revenue decline in FY26.