Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹37.43 Cr
verified against source
Revenue YoY
178%
reported change
EBITDA
₹31 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Felix Industries reported a strong Q4 FY26 with consolidated revenue of 102 crores (up 178% YoY) and PAT of 18 crores (up 100% YoY), driven by execution of major EPC projects and expansion of recurring revenue streams. The company guided for FY27 revenue of 180-200 crores with EBITDA margins of 30-31%, supported by full utilization of Oman oil processing capacity and ramp-up of metal recycling. Key risks include working capital strain (debt expected to rise ~40 crores) and geopolitical disruptions in Oman. Management remains confident in achieving targets but flagged delayed payments and skilled manpower shortages as headwinds.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated guidance of 180-200 crores revenue for FY27, driven by all subsidiaries including Oman and metal recycling.
- Blended EBITDA margin expected to be maintained at 30-31% including other income, despite Q4 margin dip due to project costs.
- After 6-8 months of continuous operations, management plans to double capacity from 40 TPD to 100 TPD if orders materialize.
- The Mehsana unit alone could generate 150 crores turnover in next financial year if operated well, with potential to double.
Risks flagged
- Management plans to raise debt by ~40 crores (10-15 crores India, 20-25 crores Oman) to fund growth, increasing leverage.
- War in Middle East caused slowdown in Oman operations in Feb-March, impacting Q4 margins. Recovery is underway but risks remain.
- Management acknowledged global liquidity challenges leading to delayed payments across the system, affecting working capital cycles.
- Skilled manpower is a big challenge for the country, impacting operations; management noted it as a concern.
Key quotes
- We are currently expecting 60 to 65 cr if as retention 40 we can process 50 TPT but we are restricting it to 40 currently because of the availability of the imports and raw materials.
- Over the period of four or five years, our major numbers should be only the recurring numbers. Of course, we cannot stop the EPC thing because it's a financial model, but the major should be recurring.
- We are already in discussion with few of the large waste management companies also with the government. I don't know as of now how we will secure it but yes we do have certain knowledge about it and our team is actively working over it.
Research modules