• Margin expansion: Exiting power trading and refrigerant gas businesses helped achieve a 12% PAT margin, with future PAT margins expected to remain sustainable between 10% and 12% driven by ash and coal handling.
• Wind order execution: The company has executed ₹240 crore of its ₹1,860 crore wind order book, aims to complete the remaining balance within the current financial year, and expects new order closures in the next 30 days.
• Capex funding: Planned capex in the current financial year is around ₹75 crore for Refex Industries and between ₹56 crore and ₹75 crore for the wind business, entirely funded through internal accruals.
• Mobility business demerger: The demerger is on track with a court hearing scheduled by month-end to provide mirror shareholding, while rising EV demand and leasing inquiries continue to lower monthly burn rates toward profitability.