Home / Business and Economy / Felix Industries Triples Revenue, Eyes Global Growth
Felix Industries Triples Revenue, Eyes Global Growth
3 Jun
Summary
- Revenue soared to INR 102.21 crore in FY26, a 177.6% increase.
- Oman subsidiary secured contracts totaling INR 105 crore.
- Acquisition of Tierra Fertilizer boosts metals recycling capabilities.
Felix Industries Limited concluded FY26 with remarkable financial achievements, reporting INR 102.21 crore in revenue from operations, a substantial 177.6% year-on-year increase.
The company's expansion into the Middle East proved fruitful, with its wholly-owned subsidiary in Oman securing contracts valued at approximately INR 45 crore and INR 60 crore from Oman LNG LLC and OQ8 Duqm Refinery & Petrochemical Industries LLC, respectively. These agreements highlight Felix Industries' growing international footprint in managing large-scale environmental projects.
Further strengthening its integrated waste-to-value ecosystem, Felix Industries acquired Tierra Fertilizer Private Limited through its subsidiary Felix Prime Metals Private Limited. This strategic acquisition enhances the company's metals recycling and resource recovery capabilities, supporting its commitment to a circular economy.
Felix Industries' operational efficiency saw significant improvement, with Return on Capital Employed (ROCE) rising to 16.38% in FY26 from 12.39% in FY25. The company anticipates revenue in the range of INR 180-200 crore for FY27, driven by ongoing growth initiatives and a focus on sustainable solutions.
