Oil processing capacity (Oman)
30 TPD
+0% vs prior quarter
Current capacity; targeting 60 TPD in 2 months and 100 TPD by FY27.
FELIX
Other
15 Feb 2026
Felix Industries Ltd — Q3 FY26
Felix Industries reported Q3 FY26 revenue of ₹65 crore for the 9-month period, with Q3 alone contributing ₹45 crore, driven by strong execution in EPC and Oman operations.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Felix Industries reported Q3 FY26 revenue of ₹65 crore for the 9-month period, with Q3 alone contributing ₹45 crore, driven by strong execution in EPC and Oman operations. The company reiterated its FY27 revenue guidance of ₹180-200 crore, underpinned by a ₹45 crore Oman LNG contract (5-year open order), expanding oil processing capacity from 30 TPD to 100 TPD, and a plastic recycling acquisition targeting ₹7 crore monthly revenue. Management emphasized a shift toward high-margin O&M contracts (40-50% margins) and expects EBITDA margins of 25-30%. Key risks include execution dependency on a few large projects and potential delays in the plastic acquisition closure.
Key Numbers
Plastic recycling capacity
300 tons/month
+0% vs prior quarter
Current capacity; targeting 1,000 tons/month in 3 months for ₹7 crore monthly revenue.
Oman LNG contract value
₹45 crore
New contract
5-year open order; expected to be completed within one financial year.
BOOT assets deployed
₹30-35 crore
N/A
Total capital deployed in BOOT assets as of Q3 FY26.
Management Guidance
FY27 revenue guidance of ₹180-200 crore
Management expects FY27 revenue between ₹180-200 crore, comprising ₹50 crore India O&M, ₹60-75 crore Oman, ₹50 crore EPC, and ₹20 crore from plastic recycling.
Management guidance revenueOil processing capacity expansion to 100 TPD by FY27
Oman oil processing capacity to increase from current 30 TPD to 60 TPD in 2 months and 100 TPD by end of FY27, targeting monthly revenue of ₹10-11 crore at full capacity.
Management guidance growthPlastic recycling to achieve 1,000 tons/month in 3 months
Plastic recycling capacity to expand from 300 tons/month to 1,000 tons/month within 3 months, generating ₹6-7 crore monthly revenue.
Management guidance growthMain board listing application post March audits
Company plans to apply for main board listing after completing audits for FY26, targeting migration in FY27.
Management guidance otherKey Risks
Execution risk on large EPC contract
Q4 revenue jump depends on timely delivery of a large EPC contract; any delay could impact FY26 guidance.
medium · analyst_questionPlastic acquisition completion uncertainty
The plastic recycling acquisition is still under negotiation; exact investment and timeline remain undisclosed.
medium · analyst_questionWorking capital constraints for larger projects
Current debt of ₹18 crore and pending working capital enhancement may limit ability to bid for large O&M contracts.
medium · analyst_questionDependence on Oman LNG contract
A significant portion of FY27 Oman revenue relies on successful execution of the ₹45 crore Oman LNG contract; any shortfall could impact guidance.
high · data_observationNotable Quotes
We are a technology company not a contracting company.
If this contract is successfully delivered then the gates open for very large companies there.
We are focused towards increasing our O&M revenue on a month-on-month basis.
Frequently Asked Questions
What was Felix Industries's revenue in Q3 FY26?
Felix Industries reported revenue of ₹27 Cr in Q3 FY26, representing a — change compared to the same quarter last year.
What guidance did Felix Industries management give for FY27?
FY27 revenue guidance of ₹180-200 crore: Management expects FY27 revenue between ₹180-200 crore, comprising ₹50 crore India O&M, ₹60-75 crore Oman, ₹50 crore EPC, and ₹20 crore from plastic recycling. Oil processing capacity expansion to 100 TPD by FY27: Oman oil processing capacity to increase from current 30 TPD to 60 TPD in 2 months and 100 TPD by end of FY27, targeting monthly revenue of ₹10-11 crore at full capacity. Plastic recycling to achieve 1,000 tons/month in 3 months: Plastic recycling capacity to expand from 300 tons/month to 1,000 tons/month within 3 months, generating ₹6-7 crore monthly revenue. Main board listing application post March audits: Company plans to apply for main board listing after completing audits for FY26, targeting migration in FY27.
What are the key risks for Felix Industries in FY27?
Key risks include Execution risk on large EPC contract — Q4 revenue jump depends on timely delivery of a large EPC contract; any delay could impact FY26 guidance.; Plastic acquisition completion uncertainty — The plastic recycling acquisition is still under negotiation; exact investment and timeline remain undisclosed.; Working capital constraints for larger projects — Current debt of ₹18 crore and pending working capital enhancement may limit ability to bid for large O&M contracts.; Dependence on Oman LNG contract — A significant portion of FY27 Oman revenue relies on successful execution of the ₹45 crore Oman LNG contract; any shortfall could impact guidance..
Did Felix Industries meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Felix Industries Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.