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Refex Industries has commenced its Ready-Mix Concrete (RMC) business, leveraging its existing capabilities and expertise in the Coal and Ash Handling business to expand into downstream construction materials and further strengthen its presence in the infrastructure and construction ecosystem.
The RMC business is headed by Anil Kulkarni, Chief Business Officer.
The RMC business involves the production and supply of ready-mix concrete for residential, commercial, industrial and infrastructure projects. The Company proposes to undertake the RMC business through a lease-based, asset-light model, facilitating faster market entry and scalable expansion while enabling optimised capital deployment.
In this regard, the Company has commenced commercial operations at its first RMC plant located at Wadmukhwadi, Pune, Maharashtra, with effect from 25 September 2026.
Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions. On a year-on-year (YoY) basis, the company's consolidated net profit surged 201.22% to Rs 63.80 crore in Q1 FY27, compared with Rs 21.17 crore in Q1 FY26.
Shares of Refex Industries shed 0.95% to Rs 296.90 on the BSE.
The company clarified that the contract has been awarded by a domestic entity and does not constitute a related-party transaction. Neither the promoter nor the promoter group has any interest in the awarding entity.
Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.
On a year-on-year (YoY) basis, the company's consolidated net profit surged 201.22% to Rs 63.80 crore in Q1 FY27, compared with Rs 21.17 crore in Q1 FY26.
Shares of Refex Industries fell 4.94% to close at Rs 299.05 on the BSE.
Revenue from operations increased 160.41% YoY to Rs 916.31 crore in the quarter ended 30 June 2026.
Profit before tax stood at Rs 100.55 crore in Q1 FY27, down 32.05% QoQ but up 176.09% YoY.
On the segmental front, revenue from the ash & coal handling business stood at Rs 610.50 crore, down 11.57% QoQ. Revenue from green mobility rose 9.97% QoQ to Rs 32.97 crore, while revenue from wind power increased 27.42% QoQ to Rs 297.05 crore. Revenue from all other segments declined 25.08% QoQ to Rs 8.77 crore.