Financial Results (Standalone - Continuing Operations)

Q1 FY27 Performance vs Q1 FY26 and Full Year FY26

| Particulars (in ₹ Crores) | Q1 FY27 | Q1 FY26 | Y-o-Y Change | FY26 Full Year |

| Revenue from Operations | 619.3 | 351.1 | 76.4% | 2,039.2 |

| EBITDA | 105.4 | 39.6 | 166.0% | 350.0 |

| EBITDA Margin | 17.0% | 11.3% | - | 17.2% |

| PBT | 98.3 | 41.4 | 137.3% | 334.7 |

| PAT | 73.6 | 33.0 | 122.8% | 247.2 |

| PAT Margin | 11.9% | 9.4% | - | 12.1% |

Operational Highlights

  • Revenue growth supported by strong operational capabilities and growing order book
  • Ash & Coal Business secured new orders worth ₹279 crore during the quarter
  • Wind Business delivered first 5.3 MW wind turbine at Torrent's Koppal project
  • Started deliveries across all other wind energy customers
  • Profitability improvement driven by better business mix, operating efficiency and higher scale of economies

Management Commentary

Mr. Anil Jain, Chairman & Managing Director, commented:

  • Ash & Coal Handling business delivered strong operational performance backed by robust execution
  • Integrated, technology-led business model strengthens client relationships and improves accountability
  • Favorable government policy tailwinds driving structural, long-term growth across the sector
  • Wind Energy business successfully transitioned from development phase to active execution phase
  • Wind business expected to strengthen return ratios and enhance overall earnings quality as it scales
  • Company positioned to capitalize on opportunities across environmental services, renewable energy and sustainable mobility

Additional Information

  • Results are unaudited
  • Document includes safe harbor statement regarding forward-looking statements
  • Results available on company website: https://refex.co.in/investors/disclosure-of-material-events-or-information
  • Company CIN: L45200TN2002PLC049601