Refex Industries Limited — PPTs, 29-07-2026: Investor Presentation

Refex Industries delivered strong Q1 FY27 results. Revenue jumped 76.4% YoY to ₹619.3 Cr, EBITDA soared 166.0% to ₹105.4 Cr, and Profit After Tax (PAT) rose 122.8% to ₹73.6 Cr, driven by operational strength and a growing order book. EBITDA margin expanded to 17.0%, with PAT margin at 11.9%. EPS for continuing operations stood at ₹5.37.

The company is strategically realigning its portfolio towards value-added services. The Ash Handling business focuses on an integrated model for complete ash utilization, while the Wind energy segment targets ~5 GW annual production capacity over the next five years. In recent developments, Ash & Coal secured new orders worth ₹279 Cr, boosting its order book to ₹1,635 Cr. The Wind segment delivered its first 5.3 MW turbine and holds a confirmed order book of ₹1,860 Cr. The Refex Mobility business is undergoing a planned demerger, with NCLT approval received for stakeholder meetings.

Management expects sustained growth, backed by favorable tailwinds in renewable energy targets and long-term ash utilization mandates. The focus remains on asset-light expansion and leveraging a healthy financial position for future growth.