Refex Mobility crosses ₹100 crore income in FY26 debut

The milestone and why it matters

Refex Mobility, the clean mobility arm of Refex Industries Ltd, reported total income of ₹103.2 crore in FY2025-26 (FY26). The result takes the business past the ₹100 crore mark for the first time, a scale milestone for a relatively young corporate transportation platform. The company linked the jump to higher enterprise mobility demand and deeper expansion of its corporate and executive transportation operations across India.

Refex Mobility said its FY26 total income rose 2.5 times compared with the previous financial year. The update was shared through an official press release that also outlined operating metrics such as trip volumes, fleet strength, and enterprise customer count.

Management commentary from Refex Group

Anil Jain, Chairman and Managing Director of Refex Group, described the crossing of the ₹100 crore mark as an important step for the business. In the company’s statement, he said, “Crossing the Rs 100 crore milestone is an important step for Refex Mobility and reflects the strength of its business model.” The remark positions the FY26 outcome as a validation of execution and market acceptance, rather than a one-off gain.

The company did not provide segment-level profitability for Refex Mobility in the provided text, but it did point to demand momentum and market expansion as key contributors.

What supported FY26 growth

The press release attributed the 2.5x rise in total income to two broad factors. First, it cited stronger enterprise mobility demand, which typically includes employee transportation and corporate mobility contracts. Second, it pointed to expansion into new markets, indicating that the year saw increased geographic coverage and deployment of vehicles.

The company also highlighted that it expanded corporate and executive transportation operations across India. The combination of higher utilisation and an enlarged operating footprint appears to have driven the scale-up in FY26.

Operating scale: trips, fleet, cities, customers

Along with the headline income figure, Refex Mobility disclosed several operating metrics for FY26. It completed over 1.5 million trips during the year. It operated a fleet of over 1,750 vehicles across five cities. It also said it served more than 70 enterprise customers.

These metrics help frame the income milestone in terms of activity levels and customer base. For B2B mobility operators, trip volumes and enterprise customer relationships can be important indicators of contract wins, retention, and capacity deployment.

Refex Industries FY26 numbers referenced alongside Mobility

The broader Refex Industries FY26 updates in the provided text contain multiple financial snapshots, presented across standalone and consolidated views. One FY26 set cited revenue of ₹2,039.20 crore, EBITDA of ₹350.02 crore, and PAT of ₹247.19 crore.

Another disclosure stated that FY26 consolidated revenue stood at ₹2,276.74 crore, with net profit rising to ₹242.38 crore. A final dividend of ₹1 per equity share was also recommended.

Separately, a “Green Mobility” line item was cited with FY26 revenue of ₹99.52 crore (₹9,951.53 lakh), up 164.34% year-on-year from ₹37.65 crore (₹3,764.69 lakh) in FY25. This sits close to Refex Mobility’s FY26 total income of ₹103.2 crore, though the text presents them as distinct disclosures.

Quarterly performance and reported income line

For Q4 FY26, consolidated revenue from continuing operations was cited at ₹934.17 crore (₹93,416.61 lakh). The same source cited a year-on-year growth of 57.14% and a quarter-on-quarter growth of 62.18%.

For FY26, annual consolidated revenue from continuing operations was stated as ₹2,276.74 crore (₹2,27,673.51 lakh), showing a 0.77% year-on-year increase from ₹2,259.43 crore in FY25 (₹2,25,942.95 lakh).

On the standalone side, FY26 revenue was stated as ₹2,039.20 crore (₹2,03,920.28 lakh), a 9.75% decline from ₹2,259.43 crore in FY25 (₹2,25,942.95 lakh). Standalone total income for FY26 was stated at ₹2,069.22 crore (₹2,06,922.45 lakh), down 10.50% from ₹2,311.93 crore in FY25 (₹2,31,192.84 lakh).

Order book, pipelines, and demerger update

The provided text also referenced an order book of around ₹1,500 crore as of March 31, 2026. It additionally cited robust order pipelines of ₹1,500 crore for Ash and Coal and ₹1,860 crore for Wind Energy.

On corporate actions, the mobility demerger was described as progressing, with the demerger of Refex Green Mobility Limited expected to complete by April end, subject to regulatory process. The text also noted management commentary that post-demerger, Mobility would operate independently with its own debt and financial flexibility.

Market cues: share price and reported stock move

Refex Industries’ share price was stated as ₹312.5 as of 7 June, 2026. The text also referenced a report that the stock “zooms over 13%” on a ₹100 crore order win, without providing additional context in the excerpt.

While the operational milestone belongs to Refex Mobility, investors typically track such updates alongside parent-company financial performance, order pipeline visibility, and corporate restructuring progress.

Key facts at a glance

Why the ₹100 crore milestone is being watched

Refex Mobility’s FY26 update is notable because it combines a revenue threshold with scale indicators like fleet size and trip volumes. In corporate transportation, operating metrics often reflect the ability to serve large enterprise accounts consistently across cities.

At the group level, the simultaneous focus on large order books in core segments and the ongoing mobility demerger suggests a broader portfolio reshaping. The completion timeline for the demerger, expected by April end as stated, is likely to remain a key monitorable for shareholders.

Conclusion

Refex Mobility’s FY26 total income of ₹103.2 crore marks its first entry into the ₹100 crore revenue club, supported by 2.5x year-on-year growth and expanded enterprise operations across five cities. Refex Industries’ broader disclosures also highlighted FY26 financial metrics, order book visibility, and a recommended final dividend of ₹1 per share. The next key milestone cited in the text is the expected completion of the mobility demerger by April end, subject to regulatory steps.