Refex Industries Limited

Refex Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, covers the utilization of funds raised through a preferential issue of equity shares and warrants. The company has confirmed that the utilization of funds is in line with the objects disclosed in the offer document, with no deviations reported. The preferential issue involved 50,00,000 equity shares and 1,25,75,000 warrants, aggregating ₹62.50 crores and ₹157.19 crores respectively. The report is also available on the company's website.

Refex Industries Limited (RIL) has secured a significant Rate Contract for Ash Transportation to Road Construction Sites from a Major Power Producer (A Maharatna CPSE). The contract is valued at approximately INR 22.75 Crore and is expected to be executed over a period of about 12 months. This domestic order highlights RIL's role in supporting infrastructure development through essential logistical services. The company confirmed that its promoters or group companies do not have any interest in the awarding entity, and the transaction does not fall under related party transactions.

Refex Industries Limited announced its un-audited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company reported a significant year-on-year growth, with revenue from operations increasing by 76.4% to ₹619.3 crore. Profit After Tax (PAT) surged by 122.8% to ₹73.6 crore. EBITDA also saw a substantial rise of 166.0% to ₹105.4 crore. The company highlighted strong operational capabilities, a growing order book, and improved profitability driven by a better business mix and operating efficiency. Key business segments, Ash & Coal Handling and Wind Energy, contributed to this performance, with new orders secured and initial deliveries made in the wind turbine segment.

Refex Industries Limited announced its un-audited financial results for the first quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated financial results, along with the Limited Review Reports from statutory auditors M/s A B C D & Co LLP. The results have been reviewed by the Audit Committee. The company also informed about the re-classification of Ms. Lalitha Uthayakumar from President – Refrigerant Gas Business to General Manager – Accounts, effective August 01, 2026, due to the discontinuation of the Refrigerant Gas Business. Consequently, she will cease to be a Senior Managerial Personnel.

Refex Industries' consolidated Q1 FY27 (Apr-Jun 2026) revenue from continuing operations rose 160.4% YoY to ₹916.31 Cr (₹351.86 Cr a year ago), led by the newly-scaled Windpower segment (₹297.05 Cr vs ₹0.76 Cr YoY, on execution of the ₹1,500 Cr wind order book management flagged last quarter) and continued strength in the core Ash & Coal Handling business (segment revenue ₹610.50 Cr, +75.9% YoY). On a like-for-like basis including the now-discontinued Green Mobility/Power Trading/Refrigerant Gas units, total group revenue grew a still-strong 147.3% YoY. Consolidated net profit for the period (before non-controlling interests) was ₹64.55 Cr, up 216.9% YoY from ₹20.37 Cr; the owners-attributable slice — the figure most commonly cited externally — was ₹63.80 Cr (+201.3% YoY). Standalone PAT, the company's own headline number, was ₹73.39 Cr, up 76.4% on standalone revenue growth to ₹619.25 Cr. Sequentially both bases pulled back: consolidated PAT fell 31.6% QoQ (owners-basis -29.7%) from Q4 FY26's ₹94.45 Cr, and standalone PAT fell 21.9% QoQ. The YoY margin story is expansion — consolidated NPM rose to 6.95% from 5.62% a year ago — but QoQ it compressed sharply from 10.07% in Q4 FY26, and that pullback looks largely seasonal rather than a deterioration: Ash & Coal Handling, whose volumes track thermal-plant coal offtake and tends to run lighter in the June quarter, saw segment EBIT drop 20.9% QoQ to ₹111.47 Cr even as it grew 172.8% YoY. The Windpower segment, despite its revenue leap, posted a near-breakeven EBIT of -₹0.34 Cr this quarter versus a positive ₹16.89 Cr in Q4 FY26 — order-book execution is showing up in the top line but hasn't yet turned into segment profit. Discontinued operations (Green Mobility, Power Trading, Refrigerant Gas) added a further ₹9.98 Cr net loss this quarter versus ₹8.85 Cr a year ago, a modest incremental drag on the consolidated bottom line. Management's FY26-Q4 concall guided to continued Ash & Coal Handling growth "mirroring FY26" and confident execution of the ₹1,500 Cr wind order book — this print bears both out directionally, though wind's profit contribution remains unproven; no specific numeric revenue target was given, so this reads as guidance met rather than a quantified beat. No brokerage consensus or pre-result Street estimate for this print turned up in search, so vsStreet is unknown. No standalone management press-release commentary on this result was available for review. Corporately, the company closed a ₹22.75 Cr ash-transportation contract on July 30 (after quarter-end), and the Refex Green Mobility/Refex Mobility demerger — guided in May to complete "within 90 days" — remains in process: Chennai NCLT ordered a shareholders'/creditors' meeting for August 5, 2026, so the scheme has not yet closed on the original informal timeline. Separately, ₹13.07 Cr of application money on lapsed convertible warrants was forfeited during the quarter (Note 7); this sits on the equity side and the filing shows zero exceptional item in the P&L, so it should not be read as having inflated this quarter's profit. Going into Q2, the readout to watch is whether Windpower segment EBIT turns sustainably positive as the order book scales, whether Ash & Coal Handling reaccelerates sequentially past the seasonal Q1 dip, and whether the mobility demerger clears its NCLT-ordered shareholder/creditor meeting on schedule.

Refex Industries Ltd has announced that its Board of Directors will convene on July 29, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. In line with SEBI regulations, the company has also confirmed the closure of the trading window for designated persons from April 1, 2026, until 48 hours after the financial results are published. This meeting is a routine procedural step for financial reporting.

Refex Industries Limited has submitted its Business Responsibility & Sustainability Report (BRSR) for the Financial Year 2025-26. The report, which includes an Assurance Report, is part of the company's 24th Annual Report. Disclosures are made on a consolidated basis. Key business activities include Ash & Coal handling (83% of turnover), Windpower (9.85%), and Refex mobility (4.13%). The company operates over 40 plants nationally and serves 14 states. As of FY26, Refex Industries had 514 permanent employees and 20 permanent workers. SGS India Private Limited provided limited assurance on the report.

Refex Industries Limited has announced its 24th Annual General Meeting (AGM) scheduled for July 31, 2026, to be held via Video Conferencing. The company has also released its Annual Report for the Financial Year 2025-26. Key agenda items include the adoption of audited financial statements (standalone and consolidated), declaration of a final dividend of ₹1 per equity share (50% of face value), and the re-appointment of Mr. Anil Jain as a Director. The report also details a variation in the utilization of proceeds from a preferential issue.

Refex Industries Ltd. has announced its 24th Annual General Meeting (AGM) scheduled for July 31, 2026, to be held via Video Conferencing. The company has also released its Annual Report for the Financial Year 2025-26. Key agenda items include the adoption of audited financial statements (standalone and consolidated), declaration of a final dividend of ₹1 per equity share (50% of face value), and the re-appointment of Mr. Anil Jain as a director. The AGM will also discuss a variation in the utilization of proceeds from a preferential issue.

Refex Industries Limited (RIL) has secured a significant order for Ash Transportation services to road project construction sites of NHAI and other Central/State Government road construction departments. The contract, valued at approximately ₹20.94 Crore, is for a duration of 12 months. This order underscores RIL's role in supporting major infrastructure development projects within India. The company confirmed that there is no interest from promoters or promoter group in the awarding entity, and the transaction does not fall under related party transactions.