Refex Industries announced its financial results for the second quarter and half year ended September 30, 2026. The company posted a strong performance with a 36% year-on-year growth in revenue from continuing operations, reaching INR560 crores for the quarter. Profit after tax also saw a healthy increase of 13%. For the half year, revenue grew by 55% to INR1,179 crores and PAT by 55% to INR133 crores.
Refex Industries Reports Strong Q2 and H1 FY27 Financials
Refex Industries Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2026-27, ending September 30, 2026. The company demonstrated robust growth across key financial metrics.
Q2 FY27 Performance
On a standalone basis, revenue from continuing operations for the quarter ended September 30, 2026, stood at INR560 crores, representing a significant 36% growth compared to INR411 crores in the same period last year. EBITDA for the quarter was INR91 crores, up 22% year-on-year, with an EBITDA margin of 16%. Profit after tax (PAT) for the quarter was INR60 crores, an increase of 13% compared to INR53 crores in the previous year.
H1 FY27 Performance
For the half year ending September 30, 2026, standalone revenue from continuing operations saw a substantial 55% growth, reaching INR1,179 crores compared to INR760 crores in the previous half year. EBITDA for the half year was INR196 crores, a 17% increase year-on-year. Profit after tax for the half year surged by 55% to INR133 crores compared to INR86 crores in the prior year.
Business Segment Highlights
The company highlighted growth in its Ash & Coal Handling business, driven by increasing power demand and stricter environmental compliance. The Ready-Mix Concrete (RMC) business is showing encouraging early progress, with a strategic focus on a capital-light, lease-based model. In the Wind Turbine Manufacturing segment, Refex is experiencing strong momentum supported by India’s renewable energy ambitions. The Green Mobility business is prioritizing profitable growth through four key initiatives: governed attached supply, contract discipline, operational density, and automation.
Outlook and Strategy
Refex Industries remains focused on strengthening its core Ash & Coal Handling business while developing RMC as a complementary growth engine. The company is also investing in its wind turbine manufacturing and green mobility businesses. The focus is on disciplined execution, capital efficiency, and sustainable profitability to drive shareholder value.
Demerger Process
The company is progressing with its demerger process, with key procedural milestones completed and final approval from the NCLT awaited. The demerger is expected to be completed within the next 2 to 3 months, subject to regulatory approvals.
Source: BSE
