Refex (REFEX) — Announcement

📢 Key Event
Refex Industries reported Q1 FY27 results with 76% revenue growth and progress on wind and ash handling targets.

🔄 What Changed
Revenue grew 76% YoY to INR619 crores, EBITDA reached INR105 crores, and PAT was INR73.6 crores, reflecting strong execution in core businesses.

🔮 What's Next
Target 90,000 tons/day ash handling by Q4, 5-6% net margin in wind by FY27, and completion of current order books this financial year.

💡 Investor Takeaway
The company is making steady progress toward wind profitability and scaling ash handling, with clear targets and no near-term international expansion plans.

Refex Industries reported Q1 FY27 revenue of INR619 crores, up 76% YoY, driven by strong ash handling and wind turbine progress, including India's first 5.3 MW turbine commissioned. EBITDA reached INR105 crores and PAT INR73.6 crores, with management targeting 90,000 tons/day ash handling by Q4 and 5-6% net margin in wind by FY27. The company emphasized demerger of non-core businesses and sustainable growth, while confirming no international expansion plans. Investors should note the clear path to wind profitability and disciplined capital allocation.

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About Refex Industries Limited (REFEX)

Services · Trading · Listed on NSE

Market Cap: ₹3,874.39 Cr P/E: 15.6 ROE: 18.2% ROCE: 28.4% Div Yield: 0.35%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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