Refex Industries Reports Strong Q4 FY26 Results, Driving Revenue to ₹701.03 Crore
Refex Industries Limited announced its Audited Financial Results for the fourth quarter (Q4) and the full financial year (FY26), detailing a robust performance driven by its Ash & Coal Handling and Wind Energy verticals. The company reported total income from continuing operations of ₹701.03 crores for Q4 FY26.According to the financial data, the company achieved significant year-over-year growth, with revenue from operations for Q4 FY26 reaching ₹701.03 crores, marking a 17.92% increase compared to Q4 FY25.
Key Financial Highlights for FY26
The consolidated financial performance figures for the full fiscal year and the current quarter show substantial year-over-year growth across major operational metrics. The detailed comparison of key financial metrics is provided below:| Particulars (in ₹ Lakhs) | Q4 FY26 | Q4 FY25 | Y-o-Y | Q3 FY26 | Q-o-Q | FY26 | FY25 | Y-o-Y |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 701.03 | 594.47 | 17.92% | 576.01 | 21.70% | 2,039.20 | 2,259.43 | -9.75% |
| EBITDA | 141.15 | 61.68 | 128.84% | 94.88 | 48.77% | 350.02 | 207.78 | 68.46% |
| EBITDA% | 20.13% | 10.38% | 16.47% | 17.16% | 9.20% | |||
| PBT | 131.23 | 70.49 | 86.18% | 89.81 | 46.12% | 334.66 | 232.86 | 43.72% |
| PAT | 93.73 | 56.16 | 66.91% | 67.77 | 38.29% | 247.19 | 183.56 | 34.67% |
| PAT% | 13.37% | 9.45% | 11.77% | 12.12% | 8.12% |
The company recorded an EBITDA of ₹141.15 crores in Q4 FY26, representing a 128.84% year-over-year increase. Profit After Tax (PAT) for the quarter stood at ₹93.73 crores, reflecting a 66.91% jump year-over-year.
Operational Momentum
Operationally, the company highlighted strong momentum across its business verticals. The Ash & Coal Handling business maintained robust execution and fleet utilization, with its order book standing at nearly INR 1,500 crore as of March 31, 2026.The Wind Energy segment entered an active execution phase during Q4 FY26 with the commencement of WTG deliveries. The wind vertical contributed INR 233 crores during the quarter. Furthermore, the 5.3 MW wind turbine platform gained customer traction, and the company received ALMM approval during the year, strengthening its position in the domestic renewable energy sector.
In other key areas, management noted continued focus on working capital discipline and prudent capital allocation. The Mobility demerger is progressing as planned, with the business reporting an approximate turnover of INR 100 crore within three years of operations.
Strategic Outlook
Anil Jain, Chairman & Managing Director of Refex Industries Limited, commented on the performance, stating that FY26 marked a crucial period of strategic transition and execution for the company. He noted that the strong performance in Q4 FY26, supported by improved operating efficiencies, positions the company well to sustain long-term growth. The leadership stated that with a diversified portfolio and multiple growth verticals becoming operational, Refex is well positioned for future growth.Refex Industries Limited, established in 2002 and headquartered in Chennai, is noted as a pioneer in sustainability-driven solutions in India. The company maintains a diverse portfolio that includes Ash & Coal Handling, Green Mobility initiatives, and Wind energy solutions.
REFEX Stock Price Movement
Today, Refex Industries Limited shares edged higher, closing at ₹295.15 after gaining 3.82%. The equity saw strong interest throughout the session, with total volume reaching 12.13 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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