Felix Industries Reports 177.6% Revenue Growth in FY26, Expands Internationally with New Contracts
Felix Industries posts strong FY26 growth, boosts global push with Oman contracts
Moneycontrol
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Felix Industries Ltd experienced a significant revenue increase of 177.6% year-on-year in FY26, reaching Rs 102.21 crore. The growth is attributed to enhanced waste management projects and international contracts, including Rs 105 crore from Oman. The company aims for Rs 180–200 crore revenue in FY27.
- 01Felix Industries' revenue surged to Rs 102.21 crore in FY26, up from Rs 36.82 crore in FY25.
- 02The company's EBITDA rose 131.2% to Rs 31.88 crore, with net profit nearly doubling to Rs 18.18 crore.
- 03In Q4 FY26, revenue increased by 188.1% year-on-year to Rs 37.43 crore.
- 04Felix Industries LLC secured contracts worth Rs 105 crore from Oman LNG LLC and OQ8 Duqm Refinery.
- 05The acquisition of Tierra Fertilizer Pvt Ltd enhances the company's recycling capabilities and supports its circular economy strategy.
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Felix Industries Ltd, a firm specializing in environmental solutions, reported a remarkable 177.6% increase in revenue for FY26, totaling Rs 102.21 crore, compared to Rs 36.82 crore in FY25. This growth was driven by the execution of waste management projects, enhanced recycling capabilities, and a strong international presence. The company's EBITDA also saw a significant rise of 131.2%, reaching Rs 31.88 crore, while profit after tax nearly doubled to Rs 18.18 crore. In Q4 FY26 alone, revenue soared by 188.1% year-on-year to Rs 37.43 crore, with net profit at Rs 4.34 crore. A key factor in this growth was the acquisition of contracts worth Rs 105 crore in Oman, focusing on hazardous waste management services. Additionally, the acquisition of Tierra Fertilizer Pvt Ltd is expected to bolster the company's resource recovery capabilities. Ritesh Patel, Managing Director, highlighted FY26 as a transformational year and projected revenues of Rs 180–200 crore for FY27, emphasizing the company's commitment to sustainability and the circular economy through innovative waste-to-value solutions.
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Felix Industries' growth enhances local job opportunities and contributes to sustainable waste management solutions in the region.
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