| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 934.17 | 62.2% | 48.8% |
| Total Income | 938.10 | 61.2% | 45.7% |
| Expenditure | 790.13 | 57.9% | 35.2% |
| PBT | 147.98 | 81.8% | 148.6% |
| Net Profit | 94.45 | 79.2% | 97.1% |
| OPM | 17.08% | 1.50pp | 6.91pp |
| NPM | 10.07% | 1.01pp | 2.63pp |
| EPS | 7.46 | 63.2% | 101.1% |
Refex Industries FY26 Revenue at ₹2,039.20 Cr
26 May 2026 · 26 May, 3:30 pm
Summary
Refex Industries Limited announced robust financial results for Q4 and the full financial year ended March 31, 2026. For FY26, revenue from operations surged by 66.91% to ₹2,039.20 crores, while Profit After Tax (PAT) grew by 34.67% to ₹247.19 crores. The company also delivered strong Q4 FY26 performance with revenue hitting ₹701.03 crores, representing a 17.92% increase year-on-year. Mr. Anil Jain, Chairman & Managing Director, highlighted FY26 as a year of strategic transition and execution, marked by strengthening presence across core and emerging businesses, healthy execution momentum, and improving operating efficiencies. The company believes it is well-positioned to sustain long-term growth momentum going forward with a stronger business portfolio and multiple operational growth verticals.
Key Highlights
- 1
Refex Industries Limited reported a full-year FY26 revenue from operations of ₹2,039.20 crores, marking a 66.91% increase year-on-year.
- 2
Profit After Tax (PAT) for FY26 stood at ₹247.19 crores, growing by 34.67% compared to the previous year.
- 3
EBITDA for the full year FY26 surged by 68.46% to ₹350.02 crores, achieving a margin of 17.16%.
- 4
For Q4 FY26, revenue from operations reached ₹701.03 crores, an increase of 17.92% year-on-year.
- 5
The Ash & Coal Handling business maintained strong operational momentum, securing an order book of nearly ₹1,500 crore as of March 31, 2026.
- 6
The Wind Energy business contributed ₹233 crores to revenue during Q4 FY26, entering an active execution phase with WTG deliveries.
- 7
The Mobility demerger is progressing as planned, with the business achieving approximately ₹100 crore turnover within three years of operations.
Management Comments
Anil Jain
FY26 marked an important year of strategic transition and execution for Refex Industries Limited, with the Company strengthening its presence across core and emerging businesses. During Q4 FY26, total income from continuing operations stood at INR 701.03 crores, while EBITDA stood at INR 141.15 crores and profit after tax stood at INR 93.73 crore for the quarter and Revenue for the year ended March 2026 stood at INR 2,039.20 crores, EBITDA of INR 350 crores and PAT of INR 247 crores supported by healthy execution momentum across businesses and improving operating efficiencies. The Ash & Coal Handling business continued to witness stable operational performance during the quarter, supported by improved execution, better fleet utilization, and fresh order wins, taking the order book for the vertical to nearly INR 1,500 crore. The quarter also marked the commencement of execution and deliveries in the Wind Energy business, with phased dispatches of WTGs contributing meaningfully to revenues. The Company’s 5.3 MW wind turbine platform continued to gain market traction, while the receipt of ALMM approval during the year represented an important milestone, strengthening its positioning in the domestic renewable energy sector. With a stronger business portfolio, improving earnings quality, and multiple growth verticals becoming operational, the Company believes it is well positioned to sustain long-term growth momentum going forward.
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