Media Results on the Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2026.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 26 May 2026, 03:27 PM IST · BSE ID: 59f6ff92-73b9-44fb-9da7-c220aa084168
View Original BSE Filing (PDF)
💡
In Simple Terms
Refex Industries announced its latest quarterly and annual financial results, showing profit growth for the quarter and year.
🤖 AI Summary
- Refex Industries Q4 FY26 standalone revenue from operations reached ₹701.03 crores.
- Profit After Tax (PAT) for Q4 FY26 was ₹93.73 crores, increasing by 66.91% YoY.
- FY26 standalone Revenue from Operations totaled ₹2,039.20 crores, a -9.75% YoY change.
- FY26 Profit After Tax was ₹247.19 crores, reflecting a 34.67% increase YoY.
- Ash & Coal Handling business order book was nearly INR 1,500 crore as of March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4 FY26 Revenue from Operations
₹ 701.03 crores
17.92%
Q4 FY26 EBITDA
₹ 141.15 crores
128.84%
Q4 FY26 Profit After Tax
₹ 93.73 crores
66.91%
FY26 Revenue from Operations
₹ 2,039.20 crores
-9.75%
FY26 EBITDA
₹ 350.02 crores
68.46%
FY26 Profit After Tax
₹ 247.19 crores
34.67%
Ash & Coal Handling Order Book (as of March 31, 2026)
INR 1,500 crore
Wind vertical contribution during Q4 FY26
INR 233 crores
🏢 How This Affects the Company
The Wind Energy business commenced WTG deliveries in Q4 FY26, contributing INR 233 crores during the quarter. The Ash & Coal Handling order book stands at nearly INR 1,500 crore as of March 31, 2026.
Q4 FY26 EBITDA margin improved to 20.13% from 10.38% in Q4 FY25. FY26 PAT margin was 12.12%, up from 8.12% in FY25.
Ash & Coal Handling business showed improved execution and fleet utilization. Wind Energy business gained ALMM approval for its 5.3MW turbine platform during the year.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, specifically the 34.67% YoY increase in FY26 Profit After Tax to ₹247.19 crores.
🔍
Management Signal
The management's focus on working capital discipline, prudent capital allocation, and improving revenue quality is visible in the results.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — evaluate sustained PAT growth and margin performance.
Updates on mobility demerger progress and its financial implications.
New order wins for Ash & Coal Handling business and Wind Energy project execution.
LOW RISK
The filing reports strong Q4 and FY26 results with operational improvements and a healthy order book.
💡 Investor Takeaway
Refex Industries reported Q4 FY26 standalone PAT of ₹93.73 crores, up 66.91% YoY, and FY26 standalone PAT of ₹247.19 crores, up 34.67% YoY. Revenue from operations for FY26 was ₹2,039.20 crores. Ash & Coal Handling order book stood at nearly INR 1,500 crore as of March 31, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Q4 FY26 PAT increased by 66.91% to ₹93.73 crores from ₹56.16 crores in Q4 FY25, indicating strong quarterly profit growth.
- EBITDA margin for Q4 FY26 significantly improved to 20.13% from 10.38% in Q4 FY25, demonstrating operational efficiency gains.
⚠️ Concerns
- FY26 Revenue from Operations decreased by -9.75% to ₹2,039.20 crores compared to ₹2,259.43 crores in FY25.
- The mobility demerger is progressing, with the business clocking approximately INR 100 crores turnover within three years, but specific financial separation details were not provided.
📅 Company Track Record
Previous filing on May 26, 2026, also detailed Refex Industries' FY26 net profit from continuing operations as Rs. 24,719.09 Lakhs, aligning with the current report's ₹247.19 crores.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Refex Industries' Profit After Tax for Q4 FY26?
Refex Industries reported a Profit After Tax of ₹93.73 crores for Q4 FY26, which is a 66.91% increase compared to Q4 FY25.
What was the total Revenue from Operations for Refex Industries in FY26?
The total Revenue from Operations for Refex Industries in FY26 was ₹2,039.20 crores, a -9.75% change from FY25.
What is the order book value for Refex Industries' Ash & Coal Handling business?
As of March 31, 2026, the order book for Refex Industries' Ash & Coal Handling business stood at nearly INR 1,500 crore.
How much did the Wind Energy business contribute to Refex Industries' revenue in Q4 FY26?
The Wind Energy business contributed INR 233 crores to Refex Industries' revenue during Q4 FY26 due to the commencement of WTG deliveries.
Questions based on this BSE filing only. For information purposes.