Felix Industries LimitedQ1 FY27 Results & Financial Update
Felix Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹28.22 Cr, PAT ₹5.67 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Felix Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Felix Industries delivered consolidated revenue from operations of ₹28.22 crore for Q1 FY27, reflecting year-on-year growth compared to the corresponding period of the previous fiscal year.
Profitability outpaced top-line expansion, driven by improved operating leverage and normalization of project-related overheads and manpower costs during the quarter.
Consolidated net profit after tax (PAT) for the quarter reached ₹5.67 crore, showing a strong increase relative to Q1 FY26.
EBITDA margins expanded significantly during the period, supported by enhanced operating efficiencies across core business segments and remaining ahead of management's annual targets.
The company experienced a sequential moderation in revenue compared to the preceding quarter (Q4 FY26), which management attributes to the inherent project-based nature of its business model.
Management reaffirmed its confidence in achieving the consolidated annual guidance for FY27, backed by ongoing EPC execution, recurring O&M revenue streams, expanding operations in Oman, and emerging resource-recovery businesses.
01 · Business model
What does Felix Industries do?
Felix Industries Limited operates as an environmental engineering and resource-recovery company providing end-to-end solutions across water and wastewater treatment, solid and hazardous waste management, hydrocarbon recycling, and resource recovery.
The company serves both industrial and municipal applications through integrated operating models spanning engineering, procurement, and construction (EPC), design-build-operate (DBO), build-own-operate-transfer (BOOT), operation and maintenance (O&M), and public-private partnership (PPP) structures.
In addition to its domestic operations in India, the company maintains international presence through operations in Oman and a diversified portfolio of subsidiaries and business verticals covering metal recycling, plastic waste management, and waste oil management.
02 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹28.22 Cr | ₹20.62 Cr | ₹37.43 Cr |
| Total income | ₹28.97 Cr | ₹21.02 Cr | ₹39.14 Cr |
| Profit before tax | ₹7.91 Cr | ₹4.78 Cr | ₹7.73 Cr |
| Profit after tax | ₹5.67 Cr | ₹3.44 Cr | ₹4.09 Cr |
| EPS | ₹3.20 | ₹2.61 | ₹2.74 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 20.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 28.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.75 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue growth was primarily supported by active project execution across core water, wastewater, and waste management verticals.
Long-term operation and maintenance (O&M) contracts contributed to steady baseline revenue alongside lump-sum project execution.
What drove margins
Profitability expanded at a faster pace than revenue due to improved operating leverage across ongoing project sites.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company determined that its operating segments do not materially differ in risk perception, returns, or economic environment, rendering separate segment reporting disclosures inapplicable under relevant accounting standards.
Geography and market mix
International operations housed under subsidiary Felix Industries LLC in Oman continued to contribute to the company's expanding geographical footprint.
05 · Strategy & new businesses
How the company is trying to change its growth mix
The consolidated financial results incorporate performance contributions from subsidiaries including Rivita Solutions, Felix WMC, Enovation Aquaprocess, Felix Prime Metals, Tierra Fertilizers, and associate Eco Vision Aquacare.
06 · Reported developments
What changed operationally
PAT expanded significantly year-on-year to ₹5.67 crore for Q1 FY27, supported by efficient cost management.
EBITDA margin expanded on a year-on-year basis, remaining ahead of the company's stated annual target range of 30% to 31%.
07 · Pressure points & risks
What is not going smoothly
Revenue experienced a sequential decline from Q4 FY26 due to the lumpy, project-based nature of EPC operations.
08 · Management guidance & targets
What management is targeting from here
Management reaffirmed its consolidated FY27 revenue target of ₹180 crore to ₹200 crore, with expected EBITDA of ₹54 crore to ₹62 crore, translating to an anticipated EBITDA margin of 30% to 31%.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Shareholder Grievances
The company reported receiving nil complaints from shareholders during the quarter ended June 30, 2026.
10 · Key Q&A
The quarter, answered directly
What does Felix Industries do?
Felix Industries Limited operates as an environmental engineering and resource-recovery company providing end-to-end solutions across water and wastewater treatment, solid and hazardous waste management, hydrocarbon recycling, and resource recovery.
What is the clearest takeaway from Q1 FY27?
Felix Industries delivered consolidated revenue from operations of ₹28.22 crore for Q1 FY27, reflecting year-on-year growth compared to the corresponding period of the previous fiscal year.
What drove revenue or demand?
Revenue growth was primarily supported by active project execution across core water, wastewater, and waste management verticals.
What mattered most for margins or profitability?
Profitability expanded at a faster pace than revenue due to improved operating leverage across ongoing project sites.
What changed operationally beyond the headline numbers?
The consolidated financial results incorporate performance contributions from subsidiaries including Rivita Solutions, Felix WMC, Enovation Aquaprocess, Felix Prime Metals, Tierra Fertilizers, and associate Eco Vision Aquacare.
What is management guiding or targeting from here?
Management reaffirmed its consolidated FY27 revenue target of ₹180 crore to ₹200 crore, with expected EBITDA of ₹54 crore to ₹62 crore, translating to an anticipated EBITDA margin of 30% to 31%.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
FY27 Guidance Tracking: Monitor subsequent quarters for progress toward the full-year consolidated revenue target of ₹180 crore to ₹200 crore and EBITDA target of ₹54 crore to ₹62 crore.
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