Refex Industries Reports Strong Q4 FY26 Results; Revenue at ₹701 Cr, PAT at ₹93.73 Cr
Refex Industries reported strong Q4 FY26 results with revenue at ₹701.03 crore, EBITDA at ₹141.15 crore, and PAT at ₹93.73 crore. For FY26, revenue reached ₹2,039.20 crore. The Ash & Coal Handling order book stands at ₹1,500 crore. Wind Energy business contributed ₹233 crore in Q4 FY26.
The announcement details strong financial performance and significant progress in key business verticals (Ash & Coal Handling, Wind Energy), along with strategic updates like the mobility demerger. This indicates substantial positive development for the company.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for Q4 FY26 and FY26. Positive operational highlights like a strong order book and commencement of new business segments also contribute to a positive sentiment.
Refex Industries Limited has announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company reported a revenue from operations of ₹701.03 crore for Q4 FY26, marking a 17.92% year-on-year increase. EBITDA for the quarter stood at ₹141.15 crore, with a margin of 20.13%, and Profit After Tax (PAT) was ₹93.73 crore, representing a margin of 13.37%.
For the full financial year FY26, Refex Industries achieved a revenue of ₹2,039.20 crore, an EBITDA of ₹350 crore, and a PAT of ₹247 crore. The Ash & Coal Handling business demonstrated healthy operational momentum with improved execution and fleet utilization, maintaining an order book of nearly ₹1,500 crore as of March 31, 2026.
The Wind Energy business entered its active execution phase, commencing Wind Turbine Generator (WTG) deliveries during Q4 FY26. This vertical contributed ₹233 crore to the revenue in the quarter. The company's 5.3 MW wind turbine platform is gaining customer traction, and ALMM approval was received during the year.
Refex Industries also highlighted its continued focus on working capital discipline, prudent capital allocation, and improving revenue quality. The mobility demerger is progressing as planned, with the business clocking approximately ₹100 crore in turnover within three years of operations.
Mr. Anil Jain, Chairman & Managing Director, commented that FY26 was a significant year of strategic transition and execution, strengthening the company's presence across core and emerging businesses. He expressed confidence in the company's well-positioned state for sustained long-term growth momentum.
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