Refex Industries Limited reported a strong financial performance for Q4 and the full year FY26. Revenue from operations reached ₹701.03 crore in Q4 FY26, a significant 17.92% increase year-on-year. EBITDA saw a substantial jump of 128.84% to ₹141.15 crore, with Profit After Tax rising 66.91% to ₹93.73 crore. The company highlighted growth in its Ash & Coal Handling and Wind Energy businesses, with an order book of nearly ₹1,500 crore and commencement of WTG deliveries.
Refex Industries Announces Strong Q4 FY26 Results
Refex Industries Limited has announced its audited financial results for the fourth quarter and full year ended March 2026. The company demonstrated a robust performance, driven by its core and emerging businesses. In Q4 FY26, revenue from operations stood at ₹701.03 crore, marking a significant year-on-year increase of 17.92%. This growth reflects strong operational momentum and improved execution across its business verticals.
Key Financial Highlights: Q4 FY26 vs. Q4 FY25
The company reported substantial improvements in profitability metrics. EBITDA for Q4 FY26 surged by 128.84% to ₹141.15 crore, compared to ₹61.68 crore in the previous year. The EBITDA margin improved to 20.13% from 10.38%. Profit After Tax (PAT) also showed strong growth, rising by 66.91% to ₹93.73 crore in Q4 FY26, with the PAT margin standing at 13.37%, up from 9.45% in Q4 FY25.
Full Year FY26 Performance
For the full fiscal year FY26, Refex Industries reported a total revenue of ₹2,039.20 crore, a slight decrease of -9.75% compared to ₹2,259.43 crore in FY25. However, EBITDA for the full year increased by 68.46% to ₹350.02 crore from ₹207.78 crore in FY25. Profit After Tax (PAT) for FY26 was ₹247.19 crore, a substantial increase of 34.67% compared to ₹183.56 crore in FY25. The PAT margin for FY26 was 12.12%.
Operational Achievements and Business Outlook
The Ash & Coal Handling business maintained healthy operational momentum, with an improved order book standing at nearly INR 1,500 crore as of March 31, 2026. The Wind Energy business entered its active execution phase with the commencement of WTG deliveries during Q4 FY26, contributing INR 233 crore to revenues in the quarter. The 5.3 MW wind turbine platform has gained customer traction, and the company received ALMM approval during the year. Refex Industries also highlighted its continued focus on working capital discipline and prudent capital allocation. The Mobility demerger is progressing as planned, with the business clocking approximately INR 100 crore turnover within three years.
Mr. Anil Jain, Chairman & Managing Director, commented that FY26 was an important year of strategic transition and execution, strengthening the company’s presence across core and emerging businesses. He expressed confidence in the company’s well-positioned state to sustain long-term growth momentum.
Source: BSE
