Refex Industries Q1 FY27: Revenue Surges 76.4% to ₹619.3 Cr, PAT up 122.8%
Refex Industries reported a strong Q1 FY27 with revenue up 76.4% to ₹619.3 crore and PAT up 122.8% to ₹73.6 crore. The company secured new orders worth ₹279 crore in its Ash & Coal business. The RGML demerger is progressing, with an Equity Shareholders' Meeting scheduled for August 5, 2026.
The substantial revenue and profit growth, coupled with new order wins and progress on a strategic demerger, 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 and profit, along with securing new orders, indicating a positive business performance.
Refex Industries Limited has announced its un-audited financial results for the first quarter ended June 30, 2026 (FY27). The company reported a significant year-on-year growth, with revenue from operations increasing by 76.4% to ₹619.3 crore, compared to ₹351.1 crore in Q1 FY26. Profit After Tax (PAT) saw a substantial jump of 122.8%, reaching ₹73.6 crore from ₹33.0 crore in the prior year's corresponding quarter.
EBITDA also demonstrated robust growth, rising by 166.0% to ₹105.4 crore from ₹39.6 crore in Q1 FY26. The company attributed this performance to strong operational capabilities, a growing order book, and improved profitability driven by a better business mix, operating efficiency, and economies of scale.
Key operational highlights include securing new orders worth ₹279 crore in the Ash & Coal Business, bringing the total order book to ₹1,635 crore as of June 30, 2026. In the Wind Business, the company delivered its first 5.3 MW wind turbine and commenced deliveries to other customers.
The demerger of 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. This strategic demerger aims to unlock shareholder value by creating two distinct business platforms: Refex Industries Limited (focusing on Ash & Coal and Wind businesses) and Refex Mobility Limited (focusing on corporate mobility solutions).
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