Refex Industries Limited has informed the Exchange about Investor Presentation
REFEX · price
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Awaiting price reaction for this filing.
Refex Industries filed its Q1 FY26 investor presentation on August 13, 2025. Standalone total income fell to ₹377.21 Cr from ₹592.05 Cr YoY, with EBITDA at ₹39.72 Cr (down from ₹52.24 Cr). However, EBITDA margin improved to 10.86% from 8.86%, and net profit margin rose to 8.74% from 6.08%, indicating better profitability despite lower topline. The company operates 5 verticals: Ash & Coal Handling (₹347 Cr, the dominant segment), Green Mobility, Refrigerant Gas, Solar, and Wind Energy. FY25 ROE stood at 15.15% and ROCE at 14.64%, though operating cash flow was negative at -₹262 Cr. Management outlined multi-year growth targets including 5,000 EVs by FY27 and 5 GW wind turbine capacity in 5 years.
Mixed signals for shareholders — revenue declined sharply YoY but margins expanded, and the diversified green energy strategy (EVs, wind turbines) offers long-term growth optionality. Negative operating cash flow and heavy working capital build-up in FY25 may be a concern for near-term sentiment.