According to reports from Business Standard, Refex Renewables & Infrastructure reported a consolidated net loss of ₹3.10 crore for the quarter ended June 2026, representing a significant improvement from the net loss of ₹7.57 crore recorded in the corresponding quarter of the previous year. The company demonstrated strong operational momentum with sales rising 32.62% to ₹22.20 crore in Q1 FY27, compared to ₹16.74 crore in Q1 FY26. As per the latest financial data, the company's market capitalization stands at ₹146 crore, down 55.5% in the past year, while revenue reached ₹66.5 crore with profit of -₹43.0 crore.
As reported by Business Standard, the company's operating profit margin (OPM) improved to 53.02% in the June 2026 quarter, a substantial increase from 51.91% in the same period last year. The company also achieved a positive PBDT of ₹3.67 crore compared to a negative PBDT of ₹0.78 crore in the previous year's corresponding quarter. Additionally, PBT turned positive at ₹1.28 crore versus a negative PBT of ₹5.43 crore in Q1 FY26. The company has also shown operational improvements with debtor days improving from 28.8 to 21.4 days, though it maintains a low interest coverage ratio and contigent liabilities of ₹213 crore.
According to the financial data reported by Business Standard, the company showed sequential improvement with net loss reducing by 59% from the previous quarter's net loss of ₹7.57 crore. The sales growth of 32.62% compared to the previous quarter's ₹16.74 crore demonstrates consistent revenue momentum. The PBDT turnaround of ₹3.67 crore from the previous quarter's negative ₹0.78 crore indicates strengthening operational performance across key financial metrics. However, the company has delivered poor sales growth of -1.47% over the past five years, indicating challenges in long-term revenue expansion.
As reported by multiple sources, Refex Renewables & Infrastructure is a leading solar power developer and IPP in India, part of the Refex Group and formerly known as SunEdison Infrastructure Ltd. The company provides EPC services for ground solar power plants, solar water pumps and home systems, serving both government and private clients across approximately 80 sites in 11 states. The company has been focusing on rooftop, ground-mounted, and farmer-led solar projects with a solar order book of NTPC projects MW and maintains solar projects under O&M capacity MWp. Despite operational improvements, the company faces challenges with promoters holding 74.9% stake but having pledged 42.7% of their holdings.
