Refex Industries has reported a 34.7% year-on-year increase in its standalone net profit to ₹247.2 crore for the financial year ended March 31, 2026, driven by improved operational efficiency and execution momentum. Revenue from operations for the year stood at ₹2,039.2 crore. The Board of Directors has recommended a final dividend of ₹1 per equity share, subject to shareholder approval. The company filed an investor presentation with exchanges on May 26, 2026, detailing its audited financial results for the fourth quarter and financial year ended March 31, 2026.

Financial Performance for FY26

The company's audited financial results for FY26 reflect a strong performance across key metrics. For the quarter ended March 31, 2026, standalone revenue from operations was ₹701.0 crore, up 17.9% from ₹594.5 crore in the corresponding period of the previous year. Net profit for the quarter rose 66.9% to ₹93.7 crore from ₹56.2 crore year-on-year. EBITDA for the quarter increased 128.8% to ₹141.1 crore.

The following table summarises the standalone financial performance for the quarter and year ended March 31, 2026:

Segment Performance and Operational Highlights

The Ash & Coal Handling Business remained the primary revenue driver, contributing ₹2,012.67 crore for the year. The order book for this vertical stood at nearly ₹1,500 crore as on March 31, 2026. During the year, the Board approved the discontinuation of the Power Trading and Refrigerant Gases business segments. These segments have been classified as discontinued operations in accordance with Ind AS 105.

The Wind Energy business entered an active execution phase with the commencement of Wind Turbine Generator (WTG) deliveries during Q4 FY26, contributing ₹233 crore during the quarter. The 5.3 MW wind turbine platform gained customer traction, and the company received ALMM approval during the year. The mobility demerger is progressing as planned, with the business clocking approximately ₹100 crore turnover within three years of operations.

Corporate Developments

The Board, at its meeting held on May 26, 2026, approved the audited financial results for the fourth quarter and financial year ended March 31, 2026. The results were reviewed by the Audit Committee. Additionally, the company reported that a tax demand of approximately ₹35.67 crore for Assessment Year 2016-17 has been nullified by the Hon'ble Madras High Court.

Refex Industries Limited has made available the audio recording of its earnings call held to discuss financial results for the fourth quarter and fiscal year ended March 31, 2026. The conference, which took place on Wednesday, May 27, 2026, at 12:30 PM IST, was rescheduled from the original date of May 28, 2026, due to the declaration of a market holiday for Bakrid. The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations.

The recording is now accessible on the company's website. The earnings call provided a platform for analysts and investors to review the company's performance for Q4 and FY26. Senior management, including Mr. Anil Jain, Chairman & MD, and Mr. Dinesh Kumar Agarwal, WTD & CFO, led the proceedings.

Conference Dial-In Details

Pre-registration was recommended to avoid wait time. Investors can contact Mr. Gautam Jain, Head Investor Relations, for further details. The announcement was signed by Mr. Ankit Poddar, Company Secretary and Compliance Officer.