Refex Industries Limited announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company demonstrated robust growth, with revenue from operations rising by 36.1% year-on-year for Q2 FY27 and profit after tax increasing by 13.1%. Key operational highlights include securing new orders in the Ash & Coal business and progress in the Venwind and RGML segments.
Refex Industries Reports Strong Q2 FY27 Performance
Refex Industries Limited has maintained its growth momentum, announcing unaudited financial results for the second quarter and the first half of the fiscal year 2027. The company reported a significant year-on-year increase in revenue and profit, underscoring a healthy operational performance.
Key Financial Highlights (Standalone – Continuing Operations)
Q2 FY27 Performance
For the second quarter ended September 30, 2026, Revenue from Operations stood at ₹560 crore, marking a 36.1% increase compared to the same period in the previous year. EBITDA reached ₹91 crore, up 21.7% year-on-year, with a margin of 16.2%. Profit After Tax (PAT) was ₹59.5 crore, showing a 13.1% rise from Q2 FY26, with a PAT margin of 10.6%.
H1 FY27 Performance
In the first half of FY27, Revenue from Operations surged by 54.7% to ₹1,178.8 crore. EBITDA saw a substantial increase of 71.8% to ₹195.9 crore. PAT for the half-year grew by 55.4% to ₹133.2 crore.
Operational Achievements
The company highlighted several key operational achievements:
- Ash & Coal Business: Secured new orders worth ₹346 crore, adding to an existing orderbook of ₹1,721 crore. Refex also entered the RMC business with a capital-light model, launching its first Pune plant in September 2026.
- Venwind Business: Successfully completed initial batch deliveries to three customers, generating revenue of ₹201 crore in Q2 FY27 and ₹499 crore in H1 FY27.
- RGML Business: Reported revenue of ₹36 crore in Q2 FY27 and ₹69 crore in H1 FY27. NCLT hearings are underway for the proposed demerger scheme, with the next hearing scheduled for October 28, 2026.
Mr. Anil Jain, Chairman & Managing Director, commented on the performance, emphasizing healthy execution across businesses despite the monsoon season and strategic forward integration in the RMC business.
Source: BSE
