Refex Industries Records Strong Q1 FY27 Results: Revenue Rises 76.4%, PAT Jumps 122.8%
Refex Industries Limited has announced its unaudited financial results for the first quarter of fiscal year 2027 (Q1 FY27), reflecting strong operational momentum and improved profitability across its business verticals. The company reported a significant increase in revenue, supported by enhanced operational capabilities and a growing order book.The Q1 FY27 figures show substantial growth compared to the previous period and full fiscal year 2026. Revenue from operations reached ₹ 619.3 crores, marking a 76.4% jump year-on-year (Y-o-Y). Profit After Tax (PAT) stood at ₹ 73.6 crores, which represents a 122.8% increase on a Y-o-Y basis.
The company's profitability improved during the quarter due to its better business mix, operating efficiency, and leveraging higher scale of economies. EBITDA for the quarter was ₹ 105.4 crores, achieving 166.0% growth year-on-year, with an EBITDA margin standing at 17.0%.
Key financial highlights for Refex Industries Limited (Standalone - Continuing Operations) are presented below:
| Particulars (in ₹ Crores) | Q1 FY27 | Q1 FY26 | Y-o-Y Change | FY26 Total |
|---|---|---|---|---|
| Revenue from Operations | 619.3 | 351.1 | 76.4% | 2,039.2 |
| EBITDA | 105.4 | 39.6 | 166.0% | 350.0 |
| EBITDA % | 17.0% | 11.3% | 17.2% | |
| PBT | 98.3 | 41.4 | 137.3% | 334.7 |
| PAT | 73.6 | 33.0 | 122.8% | 247.2 |
| PAT % | 11.9% | 9.4% | 12.1% |
Operational Milestones
The company reported several significant operational achievements across its business lines. In the Ash and Coal Business vertical, Refex secured new orders worth ₹ 279 crore.In the Wind Business segment, the company began a transition from the development phase into active execution, successfully delivering the first 5.3 MW wind turbine at Torrent's Koppal project. Deliveries are underway for other customers in this sector.
Management Commentary
Commenting on the performance, Anil Jain, Chairman and Managing Director of Refex Industries Limited, stated that the Ash & Coal Handling business delivered a strong operational performance, supported by robust execution capabilities and a growing order book. He noted that their integrated, technology-led model continues to strengthen client relationships.Regarding the Wind Energy business, Mr. Jain highlighted that the successful transition into active execution marks the start of a new growth engine for Refex. He expressed confidence that this business scaling will enhance overall earnings quality and strengthen return ratios as the company moves toward capitalizing on opportunities in environmental services, renewable energy, and sustainable mobility.
REFEX Stock Price Movement
Today, Refex Industries Limited saw its shares shed 3.38% on a slide, settling at ₹314.95 in the post-market session. The stock traded during the day with a volume of 3.56 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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