Refex Industries reports ₹701.03 crore revenue in Q4 FY26 with 17.92% growth

Arunika Jain — Tue, 26 May 2026 09:55:31 +0000

Refex Industries Limited has announced its audited financial results for the fourth quarter and the financial year ending March 31, 2026. The company reported a significant increase in its revenue from operations, reaching ₹701.03 crore for Q4 FY26, marking a 17.92% year-on-year growth.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also saw a substantial rise, amounting to ₹141.15 crore, which is a 128.84% increase compared to the same period last year. The EBITDA margin improved to 20.13%. Additionally, the profit after tax (PAT) for the quarter stood at ₹93.73 crore, reflecting a 66.91% year-on-year growth, with a PAT margin of 13.37%.

For the full fiscal year FY26, Refex Industries reported a revenue of ₹2,039.20 crore, although this represented a 9.75% decline compared to the previous year. The annual EBITDA reached ₹350.02 crore, a 68.46% increase, while the PAT was ₹247.19 crore, up by 34.67% from FY25.

The Ash & Coal Handling business maintained strong operational momentum, with an order book of nearly ₹1,500 crore as of March 31, 2026. The Wind Energy segment entered an active execution phase, contributing ₹233 crore during the quarter, and the company’s 5.3 MW wind turbine platform gained customer traction, receiving ALMM approval during the year.

Refex Industries also highlighted the progress of its Mobility demerger, which has achieved approximately ₹100 crore turnover within three years of operations. The company continues to focus on working capital discipline, prudent capital allocation, and improving revenue quality.

Anil Jain, Chairman and Managing Director of Refex Industries, commented on the results, stating that FY26 was a year of strategic transition and execution, strengthening the company’s presence across core and emerging businesses.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Anil Jain | Business Upturn

Refex Industries reports ₹701.03 crore revenue in Q4 FY26 with 17.92% growth