Refex Renewables Q2 FY27 consolidated PAT Rs 23.73 cr; total income Rs 30.22 cr

What the numbers show

• Net margin was 141.84% of revenue, against -100.28% a year earlier.

• Revenue rose 17.2% while total expenses rose 3.0%.

• Basis: Consolidated statement of unaudited financial results

• Period reported: Quarter ended 30-Sep-26 vs quarter ended 30-Sep-25

• Revenue from operations: Rs 16.73 cr vs Rs 14.28 cr

• Other income: Rs 13.49 cr vs Rs 0.86 cr

• Total income: Rs 30.21 cr vs Rs 15.14 cr

• Cost of materials consumed: Rs 1.97 cr vs Rs 0.23 cr

• Changes in inventories: Rs 0.08 cr vs Rs 0.51 cr

• Employee benefits expense: Rs 3.57 cr vs Rs 3.43 cr

• Finance costs: Rs 12.12 cr vs Rs 11.54 cr

• Depreciation and amortization expense: Rs 5.00 cr vs Rs 4.94 cr

• Other expenses: Rs 5.63 cr vs Rs 6.90 cr

• Total expenses: Rs 28.37 cr vs Rs 27.55 cr

• Profit/(Loss) before exceptional items and tax: Rs 1.85 cr vs Rs (12.41) cr

• Exceptional items: Rs 23.78 cr vs Rs -

• Profit/(Loss) before tax: Rs 25.63 cr vs Rs (12.41) cr

• Profit/(Loss) from Associates: Rs (0.01) cr vs Rs -

• Current tax: Rs 0.07 cr vs Rs 0.09 cr

• Deferred tax: Rs 1.82 cr vs Rs 1.82 cr

• Profit/(Loss) after tax: Rs 23.73 cr vs Rs (14.32) cr

• Other comprehensive income (items that will not be reclassified to profit or loss): Rs 0.05 cr vs Rs -

• Total comprehensive income for the period: Rs 23.78 cr vs Rs (14.32) cr

• PAT attributable to owners of the company: Rs 23.85 cr vs Rs (14.69) cr

• PAT attributable to non-controlling interests: Rs (0.12) cr vs Rs 0.37 cr

• Total comprehensive income attributable to owners of the company: Rs 23.90 cr vs Rs (14.69) cr

• Total comprehensive income attributable to non-controlling interests: Rs (0.12) cr vs Rs 0.37 cr

• Paid-up equity share capital (Face value Rs 10/- per share): Rs 4.50 cr vs Rs 4.50 cr

• Basic EPS (not annualized): Rs 52.76 vs Rs (31.89)

• Diluted EPS (not annualized): Rs 49.57 vs Rs (31.89)

According to the statement of unaudited consolidated financial results for the quarter ended 30-Sep-26, Refex Renewables & Infrastructure Ltd’s consolidated revenue from operations for Q2 FY27 was Rs 16.73 cr, up from Rs 14.28 cr in the corresponding quarter of the previous year. Other income rose to Rs 13.49 cr from Rs 0.86 cr, taking total income to Rs 30.21 cr compared with Rs 15.14 cr in Q2 FY26.

Total expenses for the quarter were Rs 28.37 cr versus Rs 27.55 cr a year earlier. Finance costs were Rs 12.12 cr against Rs 11.54 cr, while depreciation and amortization expense was Rs 5.00 cr versus Rs 4.94 cr. Employee benefits expense stood at Rs 3.57 cr compared with Rs 3.43 cr, and other expenses were Rs 5.63 cr versus Rs 6.90 cr.

Profit/(Loss) before exceptional items and tax improved to Rs 1.85 cr from a loss of Rs (12.41) cr. Exceptional items of Rs 23.78 cr were recorded in Q2 FY27, with no exceptional items reported in Q2 FY26 in the same table. After accounting for tax expense (current tax Rs 0.07 cr and deferred tax Rs 1.82 cr, versus current tax Rs 0.09 cr and deferred tax Rs 1.82 cr a year ago) and a Rs (0.01) cr share of loss from associates, profit/(loss) after tax moved to a profit of Rs 23.73 cr from a loss of Rs (14.32) cr in the year-ago quarter. Basic earnings per share (not annualized) for the quarter were Rs 52.76 compared with Rs (31.89) in Q2 FY26, as per the statement of financial results.