Organic Recycling FY26 Revenue Rises 117%, FY27 Outlook

Organic Recycling Systems Ltd reported consolidated FY26 revenue from operations of ₹105.1 crore, up 117.14% year on year, alongside profit after tax of ₹25.1 crore, up 60.56%. The company attributed the revenue increase to higher project execution. Management has indicated approximately 30% year-on-year revenue growth for FY27, supported by its stated execution pipeline. Its reported financial updates also point to activity in build-own-operate projects, green chemicals and carbon capture and utilisation, or CCU, verticals. The results matter because revenue expanded faster than profit, while operating margins moderated in the latest reported period. Investors will also have a near-term disclosure to track, with a board meeting scheduled for October 28, 2026. The meeting is intended to consider unaudited standalone and consolidated results for the half year ended September 30, 2026.

FY26 revenue crosses ₹100 crore

The FY26 consolidated revenue figure of ₹105.1 crore is equivalent to the ₹1,050.75 million stated in the company update. This compares with the reported 117.14% revenue growth for the year. Consolidated PAT was ₹25.1 crore, or ₹250.81 million, representing growth of 60.56%. The difference between revenue and PAT growth rates is relevant because it shows that profit increased at a slower pace than turnover. The supplied data identifies higher project execution as the driver of the annual revenue performance. Management has also outlined an approximately 30% revenue-growth guidance for FY27. That outlook is a management guidance, rather than a reported financial result.

H1 FY27 revenue reaches ₹74.5 crore

A separate financial-performance update reported consolidated H1 FY27 revenue from operations of ₹74.50 crore. It stated that revenue increased 141.7% from ₹30.82 crore in H1 FY26. The same update said revenue rose 143.67% from ₹30.57 crore in H2 FY26. Consolidated net profit for H1 FY27 was reported at ₹12.98 crore, compared with ₹8.89 crore in the corresponding period a year earlier. This was described as a 46% year-on-year increase. Net profit was also 7.36% above the stated ₹12.09 crore for H2 FY26. Basic earnings per share was ₹14.99, against ₹11.54 in the prior-year period, an increase of 29.89%.

Latest reported half-year numbers

The supplied figures use consolidated results for the H1 FY27 comparison. An earlier H1 FY26 update reported revenue from operations of ₹29.91 crore and total income of ₹30.62 crore. It also reported consolidated net profit of ₹12.11 crore and basic EPS of ₹11.64. That update said total assets stood at ₹189.08 crore and shareholders' funds at ₹121.28 crore. It further stated that the company redeemed preference shares worth ₹26.21 crore. Warrant proceeds were used for that redemption and general corporate purposes, according to the information provided.

March 2026 quarter shows margin pressure

The quarterly data shows revenue of ₹75 crore for the period ended March 2026, compared with ₹30 crore in September 2025 and ₹31 crore in March 2025. Expenses were ₹59 crore in March 2026, against ₹16 crore and ₹19 crore in those respective comparative periods. Operating profit was ₹16 crore, higher than ₹14 crore in September 2025 and ₹12 crore in March 2025. However, operating profit margin fell to 20.9% from 45.8% in September 2025 and 37.5% in March 2025. The numbers indicate that expenses increased materially alongside the higher reported revenue. This margin movement is an important measure to monitor alongside sales growth. No specific explanation for the March 2026 margin change was included in the supplied material.

Quarterly operating performance

The quarterly fact sheet separately lists March 2026 sales at ₹74 crore, operating profit at ₹16 crore, profit before tax at ₹14 crore and net profit at ₹13 crore. Its reported March 2026 EPS was ₹9.98. Minor differences between data presentations should be assessed against the company’s formal financial statements and the relevant standalone or consolidated basis. The annual-results table supplied also presents standalone March 2026 revenue of ₹44.17 crore and net profit of ₹4.02 crore. These standalone figures should not be directly compared with the consolidated FY26 revenue and PAT figures. The distinction between standalone and consolidated reporting is material when reviewing company performance.

Board meeting set for October 28

Organic Recycling Systems informed the market that its board would meet on October 28, 2026, at 10:30 a.m. The agenda includes approval of unaudited standalone and consolidated financial results for the half year ended September 30, 2026. The board may also consider other matters permitted under applicable rules. The scheduled date aligns with the earnings-calendar entry for a Q2 2027 earnings release on October 28, 2026. This meeting is the next stated corporate event in the supplied information. Quarterly earnings results and presentations are indicated as available through the Annual Reports and Financial Documents section in the Resources tab. Formal board-approved disclosures will provide the relevant basis for assessing the latest half-year performance.

Expansion areas cited by management

Management has identified BOO projects, green chemicals and CCU as areas of expansion. BOO refers to build-own-operate projects, under which the company’s role can extend beyond project execution. The supplied information does not provide project-level values, commissioning dates or revenue contributions from these verticals. As a result, their current financial contribution cannot be quantified from the available material. What is clear is that management has linked its FY27 growth guidance to a robust execution pipeline. The reported FY26 increase was also attributed to stronger project execution. Investors will therefore be able to compare future reported revenue with the approximately 30% growth guidance as FY27 disclosures become available.

What the figures mean for investors

The reported results show strong topline growth across the FY26 update and the H1 FY27 financial-performance update. At the same time, the March 2026 quarterly operating margin of 20.9% was below the margins listed for the preceding three reported periods. This makes both project execution and cost movement relevant to the company’s financial trajectory. The FY26 PAT growth of 60.56% remained substantial, but was below the 117.14% rise in revenue. The company’s reported preference-share redemption and shareholders' funds of ₹121.28 crore provide additional balance-sheet context from the H1 FY26 update. The October 28 board meeting is the confirmed next step for investors seeking updated, board-approved half-year numbers. Until that disclosure, the stated FY27 growth figure remains management guidance rather than an achieved result.

Conclusion

Organic Recycling Systems reported FY26 consolidated revenue of ₹105.1 crore and PAT of ₹25.1 crore, followed by reported H1 FY27 revenue of ₹74.50 crore and net profit of ₹12.98 crore. The available quarterly data also shows a decline in operating margin to 20.9% in March 2026 despite higher revenue. The company has guided for around 30% FY27 revenue growth and cited a project-led pipeline and expansion verticals. The board’s October 28, 2026 meeting is scheduled to consider the unaudited results for the half year ended September 30, 2026.