Refex Industries Ltd

Refex Industries Limited (REFEX) reported strong financial performance for Q2 and H1FY27, with revenue rising 54.7% year-over-year to ₹1,179 crore, driven by a record order book of ₹1,721 crore. EBITDA grew 71.8% to ₹196 crore, and PAT increased 55.4% to ₹133 crore. The Ash & Coal Handling business secured new orders worth ₹346 crore, with a standalone order book of ₹1,721 crore. The company highlighted its RGML demerger, expected to complete in the next few months, and progress in its Wind business, including successful deliveries to all three customers. Refex also expanded into Ready Mix Concrete (RMC), with three operational plants and a phased expansion across key cities. The Venwind Refex Power Limited (VRPL) subsidiary is focused on manufacturing 5.3 MW wind turbines, supported by strategic partnerships. The company emphasized its ESG initiatives, including carbon neutrality targets and waste management programs. Management noted strong internal cash generation, a net debt-free balance sheet, and favorable regulatory tailwinds for ash utilization and renewable energy growth. The document also outlined the company's leadership structure, historical financials, and corporate actions, including a stock split and dividend history.

The document emphasizes strong financial growth, successful operational execution, and strategic expansions, reflecting a positive outlook.