Refex Industries Limited has published the transcript of its earnings conference call held on May 27, 2026. The call covered the company’s financial results for the 4th Quarter and Financial Year ended March 31, 2026 (FY26). Management discussed the strategic reshaping of the business portfolio, growth in Ash & Coal Handling and wind energy segments, and the progress of the mobility business demerger.
Refex Industries Concludes Q4 & FY26 Earnings Call
Refex Industries Limited has officially released the transcript from its earnings conference call, which took place on May 27, 2026. The discussion focused on the company’s financial performance for the fourth quarter and the full fiscal year ending March 31, 2026.
Key Business Segments and Performance Highlights
During the call, management highlighted a strategic shift towards sectors offering stronger scalability and margin visibility. The Ash & Coal Handling business continues to be a significant growth driver, maintaining strong operational performance and a healthy order pipeline of approximately INR1,500 crores. The wind energy business is entering a new growth phase, with initial execution contributing approximately INR233 crores in revenue during the quarter.
The mobility business is progressing towards demerger, with operational separation expected to sharpen focus and create shareholder value. The business has shown strong growth, crossing INR100 crores in revenue in its third year of operation.
Financial Outlook and Strategy
For the quarter, Refex reported a revenue of INR701 crores, an 18% year-on-year growth, with EBITDA at INR141 crores and PAT at INR94 crores. For the full year FY26, standalone revenue stood at INR2,039 crores, with EBITDA at INR350 crores and PAT at INR247 crores. The company emphasized its focus on sustainable growth, operational efficiency, and disciplined capital allocation.
Future Growth and Vision
Looking ahead, Refex Industries aims to strengthen its position in the Ash & Coal Handling segment and continue its expansion in the renewable energy sector. The company expressed confidence in its long-term growth trajectory, driven by its operational capabilities and strategic business transformation.
The demerger of the mobility business is anticipated to unlock shareholder value by creating distinct entities for different investor profiles. Management also confirmed that all compliances for the demerger are complete, with the process currently in the NCLT timeline, expected to conclude within 90 days.
Source: BSE
