Key Financial Performance (Standalone - Continuing Operations)

Q2 FY27 Financial Highlights:

  • Revenue from Operations: ₹559.5 crores (36.1% YoY growth from ₹411.1 crores in Q2 FY26)
  • EBITDA: ₹90.5 crores (21.7% YoY growth from ₹74.4 crores in Q2 FY26)
  • EBITDA Margin: 16.2% (compared to 18.1% in Q2 FY26)
  • Profit Before Tax (PBT): ₹79.5 crores (10.2% YoY growth from ₹72.2 crores in Q2 FY26)
  • Profit After Tax (PAT): ₹59.5 crores (13.1% YoY growth from ₹52.6 crores in Q2 FY26)
  • PAT Margin: 10.6% (compared to 12.8% in Q2 FY26)

H1 FY27 Financial Highlights:

  • Revenue from Operations: ₹1,178.8 crores (54.7% YoY growth from ₹762.2 crores in H1 FY26)
  • EBITDA: ₹195.9 crores (71.8% YoY growth from ₹114.0 crores in H1 FY26)
  • EBITDA Margin: 16.6% (compared to 15.0% in H1 FY26)
  • Profit Before Tax (PBT): ₹177.9 crores (56.5% YoY growth from ₹113.6 crores in H1 FY26)
  • Profit After Tax (PAT): ₹133.2 crores (55.4% YoY growth from ₹85.7 crores in H1 FY26)
  • PAT Margin: 11.3% (compared to 11.2% in H1 FY26)

Operational Highlights

Ash & Coal Business:

  • Secured new orders worth ₹346 crore during the quarter
  • Current orderbook stands at ₹1,721 crore
  • Entered Ready Mix Concrete (RMC) business with capital-light model
  • Launched first RMC plant in Pune in September 2026

Venwind Business (Subsidiary):

  • Successfully completed initial batch of deliveries to all three customers
  • Q2FY27 revenue: ₹201 crore
  • H1FY27 revenue: ₹499 crore

RGML Business (Mobility):

  • Q2FY27 revenue: ₹36 crore
  • H1FY27 revenue: ₹69 crore
  • NCLT hearings underway for approval to convene stakeholder meetings under proposed demerger scheme
  • Next NCLT hearing scheduled for October 28, 2026

Management Commentary

Mr. Anil Jain, Chairman & Managing Director, commented that Q2 FY27 saw healthy execution across businesses despite monsoon season. The Ash & Coal Handling business shows strong momentum with robust orderbook and execution scale-up. The entry into RMC business represents strategic forward integration enabling greater ash utilization and access to new markets. The Wind Energy Business is focused on executing existing order book while building in-house manufacturing capabilities. The Mobility business is progressing toward profitability with rising demand for premium corporate mobility and higher fleet utilization.

Additional Information

  • Company describes itself as "India's Largest Ash & Coal Handling company"
  • Established in 2002, headquartered in Chennai
  • Results available on company website: https://refex.co.in/investors/disclosure-of-material-events-or-information

Safe Harbor Statement

Company included standard forward-looking statements disclaimer noting that results are based on assumptions and subject to risks and uncertainties including industry trends, economic environment changes, tax laws, litigation, exchange rate fluctuations, and technological changes.