Refex Industries reports strong Q1 results, enters wind energy

Refex Industries Limited reported total income of INR 377.21 Cr for Q1 FY26, with EBITDA of INR 39.72 Cr and net profit of INR 32.97 Cr, reflecting margins of 10.86% and 8.74% respectively.

The company's Ash & Coal Handling division generated INR 347.08 Cr revenue, while Green Mobility contributed INR 17.24 Cr. Refex operates over 3,300 fleets, including 1,359+ for Green Mobility.

The company incorporated Venwind Refex Power Limited in 2024 to expand into wind energy manufacturing, targeting 5.3 MW and above wind turbines.