Felix Industries Reports Strong Fiscal Year 2026 Growth, Expands Global Presence with Contracts in Oman

Felix Industries Sees Significant Revenue Growth Amid Environmental Focus

Environmental solutions firm Felix Industries Ltd reported a substantial surge in revenue from operations, clocking in at 177.6 percent year-on-year to Rs 102.21 crore in FY26, compared to Rs 36.82 crore in FY25.

The company attributed this growth to the successful execution of waste management projects, expansion of recycling capabilities, and increasing traction in overseas markets. These factors have contributed significantly to the company's expansion and positioning as a key player in the circular economy.

Felix Industries' earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 131.2 percent to Rs 31.88 crore, while profit after tax nearly doubled to Rs 18.18 crore from Rs 9.11 crore a year earlier.

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The company's revenue for Q4 FY26 climbed 188.1 percent year-on-year to Rs 37.43 crore, while EBITDA increased 66.8 percent to Rs 9.32 crore. Net profit for the quarter stood at Rs 4.34 crore.

Felix Industries' expanding international footprint was a key growth driver during the year, with its wholly owned subsidiary, Felix Industries LLC, Oman, securing contracts worth about Rs 45 crore from Oman LNG LLC and Rs 60 crore from OQ8 Duqm Refinery & Petrochemical Industries LLC. These projects cover hazardous waste management services, including collection, treatment, recycling, and environmentally compliant disposal.

The company also strengthened its resource recovery capabilities through the acquisition of Tierra Fertilizer Pvt Ltd via its subsidiary Felix Prime Metals. This deal enhances access to metals recycling infrastructure and supports its circular economy strategy.

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Ritesh Patel, Managing Director of Felix Industries, described FY26 as a "transformational year," citing international expansion, capacity additions, and strategic investments as key milestones. He added that the company is targeting revenue of Rs 180–200 crore in FY27.

With tightening environmental regulations and rising focus on sustainability, Felix Industries is positioning itself as a key player in the circular economy through technology-led waste-to-value solutions.