Refex Industries Limited — Investor Meet, 02-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Refex Industries reported strong Q4 FY26 financial results, with revenue growing 18% year-on-year to INR 701 Cr and PAT increasing 67% to INR 94 Cr. For the full year FY26, revenue stood at INR 2,039 Cr (down 10% due to strategic business exits), but EBITDA surged 68% to INR 350 Cr, achieving a 17.2% margin. The core Ash & Coal Handling business saw an adjusted growth of 28%.

The company maintains a strong Ash & Coal order pipeline of INR 1,500 Cr, anticipating double-digit growth and aiming to increase daily handling to 90,000-95,000 tons. The Wind Energy business delivered INR 233 Cr in Q4, with INR 1,500 Cr of pending orders expected for FY27 execution, supported by ALMM approval and localization efforts. The Mobility business demerger is progressing, expected within 75-90 days. Management expresses confidence in sustaining profitability and long-term growth through operational efficiency and a focused business strategy.