Felix Industries Ltd Q2 FY27 Revenue Rises 82.2% to ₹31.7 Crore

Felix Industries Ltd reported Q2 FY27 revenue from operations of ₹31.7 crore, up 82.2% year-on-year from ₹17.4 crore, according to results filed with the NSE on November 13, 2026. Operating profit increased 50.4% to ₹11.6 crore, although operating and profit margins were lower than a year earlier.

What did Felix Industries Ltd report for Q2 FY27?

Felix Industries Ltd reported consolidated sales of ₹31.7 crore for the July-September 2026 quarter, compared with ₹28.2 crore in Q1 FY27 and ₹17.4 crore in Q2 FY26. The sequential increase was 12.2%, while the year-on-year rise was 82.2%, making revenue growth the central feature of the quarterly update.

Operating profit stood at ₹11.6 crore, against ₹9.1 crore in the preceding quarter and ₹7.7 crore a year earlier. Other income was ₹1.6 crore, up from ₹0.7 crore in Q1 FY27 and ₹0.9 crore in Q2 FY26. The detailed quarterly table showed net profit of ₹7.3 crore, up 37.5% year-on-year and 29.1% quarter-on-quarter, with earnings per share of ₹4.26.

How did margins and profits move during the quarter?

Felix Industries recorded an operating profit margin of 36.6% in Q2 FY27, improving from 32.1% in Q1 FY27 but falling from 44.3% in Q2 FY26. The quarter-on-quarter margin improvement of 443 basis points came alongside higher sales, while the year-on-year decline of 773 basis points indicates that operating profit did not grow as quickly as revenue.

The reported PAT margin was 23.1%, compared with 20.1% in the June 2026 quarter and 30.7% in the September 2025 quarter. The supplied results material also refers to net profit of ₹6.6 crore in its summary, while the detailed consolidated quarterly table lists ₹7.3 crore. The revenue, operating-profit and margin figures above are taken from that detailed table, and readers should refer to the company filing for the applicable financial basis of the profit figure.

Which business projects were cited in the results update?

Felix Industries cited Oman contracts, the start of production at its Mehsana metal recycling facility, and progress on its CETP project in the results press release. The supplied update does not disclose the value, customer, delivery timetable or revenue contribution of the Oman contracts.

The company also did not provide production capacity, investment cost or commissioning date for the Mehsana facility beyond saying that production has started. Similarly, the update noted progress on the CETP project without detailing its project value, completion schedule or financial impact. These initiatives form part of the operational context provided with the quarterly results rather than quantified additions to Q2 revenue.

How does Q2 FY27 compare with Felix Industries' recent performance?

Felix Industries' Q2 sales of ₹31.7 crore followed Q1 FY27 sales of ₹28.2 crore, showing a ₹3.5 crore sequential increase. For Q1 FY27, the supplied data said sales had risen 36.86% year-on-year from ₹20.62 crore, while net profit was ₹5.67 crore, up 53.66% from ₹3.69 crore in Q1 FY26.

For FY26, Felix Industries reported revenue of ₹102.21 crore and net profit of ₹18.18 crore, with the supplied material citing year-on-year increases of 177.59% and 99.52%, respectively. The company has stated a FY27 revenue target of ₹180 crore to ₹200 crore. The Q2 update provides quarterly operating data but does not state whether the target has been revised or provide a formal guidance update.

What do the Q2 figures mean for investors and operations?

The quarter shows substantial growth in revenue and operating profit against the prior-year period, while margins remain below Q2 FY26 levels. Sales growth of 82.2% exceeded operating-profit growth of 50.4%, which is reflected in the lower operating margin. Net profit growth in the detailed table was also lower than revenue growth.

For investors, the reported project references matter because they identify areas of ongoing business activity, but the supplied disclosure does not quantify their order-book effect or future earnings contribution. For customers and industry participants, the start of production at the Mehsana metal recycling facility indicates an operational development. However, the update provides no information on capacity, customer contracts, pricing or utilisation.

Conclusion

Felix Industries delivered Q2 FY27 revenue of ₹31.7 crore, up 82.2% year-on-year, and operating profit of ₹11.6 crore, up 50.4%. The quarterly figures show continued expansion in sales and profit, but also a lower operating margin compared with the same quarter last year.

The key item to watch next is progress toward the company's stated FY27 revenue target of ₹180 crore to ₹200 crore. Investors may also seek further disclosure on the Oman contracts, the operating scale of the Mehsana recycling facility, and the CETP project's completion and commercial terms.