Refex Industries Limited — Investor Meet, 04-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Refex Industries saw strong Q1 FY27 results with revenue up 76% YoY to INR 619 Cr and PAT rising 123% to INR 73.6 Cr, achieving 11.9% PAT margin. Ash & Coal Handling remains a key contributor, targeting 90,000 tons/day by Q4 FY27, with margins of 10-12% PAT. The Wind Energy business is ramping up, executing INR 295 Cr in Q1 with FY27 target of INR 1,700-1,800 Cr, aiming for 5-6% PAT margin by year-end as localization progresses. The Mobility demerger is on track by Q3. Management is confident about growth across all segments.