Refex Industries Limited has informed the Exchange about Investor Presentation
REFEX · price
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Refex Industries reported FY26 standalone revenue of ₹2,039 Cr (down 9.7% Y-o-Y from ₹2,259 Cr), with EBITDA surging 68.5% to ₹350 Cr and PAT rising 34.7% to ₹247 Cr. The company achieved significant margin expansion with EBITDA margin improving from 9.2% to 17.2% and PAT margin from 8.1% to 12.1%, driven by better business mix and stronger execution. The order book stands at ~₹1,500 Cr with wind turbine orders of ₹1,860 Cr (406 MW secured, 1.5 GW pipeline). The RGML demerger has received BSE, NSE, and lender approvals with NCLT application filed. The company operates three verticals: Ash & Coal Handling (40+ plants, 2,000+ fleet), Wind Energy (5.3 MW turbines via VRPL subsidiary), and Mobility (1,750+ vehicles).
Strong earnings quality improvement with near-doubling of EBITDA margins signals operational efficiency gains. The ₹1,500 Cr order book provides revenue visibility, while the demerger approval removes uncertainty and could unlock value for shareholders.