Refex Industries Q1 FY27: Revenue surges 76% to ₹619 Cr, PAT up 123%
Refex Industries reported a strong Q1 FY27 with revenue up 76.4% to ₹619.3 Cr and PAT up 122.8% to ₹73.6 Cr. The Ash & Coal business secured ₹279 Cr in new orders, with an order book of ₹1,635 Cr. The Wind Business began delivering 5.3 MW turbines. The RGML demerger is progressing, with the shareholder meeting set for August 5, 2026.
The substantial increase in financial metrics (revenue, PAT) and progress in strategic initiatives like the demerger and new business segment developments are likely to have a significant positive impact on investor sentiment and the company's valuation.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with securing new orders and commencing key deliveries, indicating strong operational performance and positive business momentum.
Refex Industries Limited has announced its un-audited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company reported a significant 76.4% year-on-year increase in revenue from operations, reaching ₹619.3 crore, compared to ₹351.1 crore in Q1 FY26. EBITDA saw a substantial jump of 166.0% to ₹105.4 crore, up from ₹39.6 crore in the prior year period. Profit After Tax (PAT) surged by 122.8% to ₹73.6 crore, from ₹33.0 crore in Q1 FY26.
The company attributed the strong revenue growth to robust operational capabilities and a growing order book. In the Ash & Coal Business, new orders worth ₹279 crore were secured, contributing to an order book of ₹1,635 crore as of June 30, 2026. The Wind Business marked a milestone by delivering its first 5.3 MW wind turbine at Torrent's Koppal project and commencing deliveries to other customers.
Furthermore, the demerger process for RGML (Refex Green Mobility Limited) is progressing as planned. The company received NCLT approval to convene meetings of shareholders and creditors, with the Equity Shareholders' Meeting scheduled for August 5, 2026. Profitability improvements were driven by a better business mix, operating efficiency, and economies of scale.
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