Refex Industries Ltd
Refex Industries Q2 Results 2026 (FY27): Revenue ₹559.5 Cr, PAT ₹59.5 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Guidance rank: #6 of 13 in Other Utilities
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Refex Industries Ltd Q2 FY27 key numbers
- Revenue
- Ash & Coal Business secured new orders worth ₹346 crore; overall order book at ₹1,721 crore as of 30th Sept 2026.
As stated in Refex Industries Ltd's Q2 FY27 investor presentation · published 28 Oct 2026. Reported figures, not investment advice.
Based on Refex Industries Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue from Operations: ₹559.5 Cr, up 36.1% year-on-year from ₹411.1 Cr in Q2 FY26 (Page 7). Quarter EBITDA: ₹90.5 Cr, up 21.7% Y-o-Y (Q2 FY27 vs Q2 FY26) - Quarter Operating Margin (EBITDA Margin): 16.2% (Q2 FY27) vs 18.1% (Q2 FY26) - Quarter Profit After Tax (PAT): ₹59.5 Cr, up 13.1% Y-o-Y - Quarter PAT Margin: 10.6% (Q2 FY27) vs 12.8% (Q2 FY26) - Year-on-Year Revenue Growth for Quarter: 36.1% (₹559.5 Cr vs ₹411.1 Cr) Margin Outlook:
From Refex Industries Ltd's Q2 FY27 earnings-call transcript · updated 28 Oct 2026.
Revenue & Sales Performance
- Q2 FY27 Revenue from Operations: ₹559.5 Cr, up 36.1% year-on-year from ₹411.1 Cr in Q2 FY26 (Page 7).
- H1 FY27 Revenue from Operations: ₹1,178.8 Cr, up 54.7% year-on-year from ₹762.2 Cr in H1 FY26 (Page 7).
- Revenue growth highlighted as strong despite monsoon impact (Page 5).
2 more points from Refex Industries Ltd's call on revenue
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Profitability & Margins
See what Refex Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Targeting ~5 GW annual production capacity over the next five years for wind energy (Page 37).
- Asset-light expansion of corporate mobility platform to accelerate growth (Page 37).
- Partner-led investments enable critical system upgrades without upfront capex for power plants under the Integrated Ash Handling Model, supporting multi-year tie-ups (Page 22).
- FY26 ROCE at ~22%, indicating strong financial position for further growth (Page 37).
Top-ranked in Other Utilities
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Orderbook secured is reported as ₹1,124 crore (Page 32).
- Orderbook as on 30th Sept’26 is ₹1,721 crore (Page 5).
- Order pipeline is 1.5 GW (Page 32).
- Ash & Coal Business secured new orders worth ₹346 crore during the quarter (Page 5).
2 more points from Refex Industries Ltd's call on order book
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Refex Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹761 Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Refex Industries Ltd's management said in earlier quarters
Others in Other Utilities this season
- Hi-Green Carbon Ltd (Q2 FY27)
2,949.31 Lakhs (~43% growth). Key results statement takeaways from Hi-Green Carbon Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in Other Utilities
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Refex Industries Ltd Q2 FY27 results?
Q2 FY27 Revenue from Operations: ₹559.5 Cr, up 36.1% year-on-year from ₹411.1 Cr in Q2 FY26 (Page 7). Quarter EBITDA: ₹90.5 Cr, up 21.7% Y-o-Y (Q2 FY27 vs Q2 FY26) - Quarter Operating Margin (EBITDA Margin): 16.2% (Q2 FY27) vs 18.1% (Q2 FY26) - Quarter Profit After Tax (PAT): ₹59.5 Cr, up 13.1% Y-o-Y - Quarter PAT Margin: 10.6% (Q2 FY27) vs 12.8% (Q2 FY26) - Year-on-Year Revenue Growth for Quarter: 36.1% (₹559.5 Cr vs ₹411.1 Cr) Margin Outlook:
What is Refex Industries Ltd share price analysis?
Refex Industries Ltd currently shows a neutral. The stock trades at a P/E of 11.2 with a market cap of ₹3,182 Cr. Investors should review the full earnings analysis for detailed insights.
Is Refex Industries Ltd planning capital expenditure?
Targeting ~5 GW annual production capacity over the next five years for wind energy (Page 37).
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.