Refex Industries Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Refex Industries reported standalone revenue of INR619 crores for Q1 FY27, up 76% year-on-year, with EBITDA of INR105 crores and PAT of INR73.6 crores, up 123% year-on-year. Management described continued growth in the ash and coal handling business alongside early-stage execution in the wind turbine business, which delivered INR295 crores of revenue in the quarter with a small margin. The mobility business demerger is progressing through NCLT approval, with a shareholders meeting scheduled for the following month.
Refex Industries reported Q4 FY26 standalone revenue of Rs 701 crore, up 18% year-on-year, with EBITDA of Rs 141 crore and EBITDA margin of 20.1%. For the full year, revenue was Rs 2,039 crore against Rs 2,259 crore in FY25, while EBITDA grew 68% to Rs 350 crore and PAT rose to Rs 247 crore. Management discussed growth in the Ash & Coal Handling order book to nearly Rs 1,500 crore, execution beginning in the wind turbine business with Rs 233 crore of revenue in the quarter, and progress on the mobility business demerger through the NCLT process.