• EBITDA margin guidance: Refex expects to maintain an EBITDA margin of 15% to 18% in the current financial year, after reporting 17% in Q1 due to a one-time ₹4 crore lender changeover expense.
• Coal and ash handling: The segment's order book stands at ₹1,635 crore, with 90% slated for execution in the current financial year and ash volume ramp-ups expected in Q3 and Q4 toward a target of 90,000 to 95,000 TPD.
• Strategic portfolio shift: Refex has exited lower-margin power trading and refrigerant gas businesses to focus 95% to 97% of operations on higher-margin coal and ash handling contracts.
• Wind business and growth: Wind revenue is targeted to reach close to ₹2,000 crore this financial year as execution accelerates, alongside plans to execute the demerger of Refex Mobility Limited and deliver over 25% PAT growth.