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REFEXNSERefex Industries Limited· Other UtilitiesHighNeutral
Announced Tue, 26 May, 2026 · 15:25 IST

Refex Industries Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Media Release on Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2026".

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionResults View source PDFExplain this filing

REFEX · price

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₹283.10
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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%+3.5% vs market
Waste Management peers, median of 6sector+0.0%+4.2% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 4.2 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Refex Industries reported strong Q4 FY26 results with revenue of ₹701.03 crore (up 21.7% YoY) and full year FY26 revenue of ₹2,039.20 crore, marking 17.92% annual growth. EBITDA for Q4 stood at ₹141.15 crore with an industry-leading margin of 20.13%, while PAT reached ₹93.73 crore in Q4 and ₹245 crore for the full year, representing 66.91% YoY growth. The Ash & Coal Handling business maintained a robust order book of nearly ₹1,500 crore, while the Wind Energy segment commenced deliveries contributing ₹233 crore in Q4. The company received ALMM approval for its 5.3 MW wind turbine platform and the Mobility demerger is progressing as planned, having achieved ₹100 crore turnover within three years.

Likely market impact

The company delivered robust growth with PAT outpacing revenue growth by nearly 4x, indicating strong operating leverage and margin expansion. The diversified business portfolio with growing wind energy and healthy order book positions the company well for sustained growth.