Refex Q1 FY27 earnings call transcript filed
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Refex Industries Q1 FY27 (standalone, continuing operations): revenue INR 619 cr (+76% YoY), EBITDA INR 105 cr at 17% margin, PAT INR 73.6 cr (+123% YoY) at 11.9% margin. Ash handling volumes 65,000-70,000 tons per day, targeting 90,000 by Q4 FY27. Wind business executed INR 295 cr in Q1, targeting INR 1,700-1,800 cr for FY27 at 5-6% net margin. Order book: INR 1,635 cr ash, INR 1,860 cr wind. Mobility demerger progressing via NCLT, expected to complete by Q3 end. Net debt near zero. Promoters continuing share buyback from market.
Strong Q1 with revenue up 76% and PAT up 123%. Combined order book above INR 3,400 cr and wind margin expansion to 5-6% support growth visibility.