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Antony Waste Handling Cell Limited Reports Q1FY27 Results with Revenue Growth Driven by Core Operations

Posted On : 2026-08-11 21:54:06( TIMEZONE : IST )

Antony Waste Handling Cell Limited (AWHCL), a prominent player in the Indian Municipal Solid Waste (MSW) Management industry with 25 years of operational history, announced its financial and operational performance for the first quarter ended June 30, 2026. The company recorded steady revenue growth supported by higher waste handling volumes across its core collection, transportation, and processing operations.

Financial Performance Overview

For Q1FY27, Antony Waste achieved a Total Operating Revenue of ₹260.1 crore, marking a 6% year-on-year increase compared to ₹246.0 crore in Q1FY26. Including contract and other income of ₹8.7 crore, Total Revenue from Operations reached ₹268.8 crore, up 6% from ₹254.4 crore in the corresponding quarter of the previous year.

Revenue breakdown by core operating segments includes:

MSW Collection & Transportation (C&T): Expanded by 10% year-on-year to ₹166.3 crore, up from ₹151.4 crore in Q1FY26.

MSW Processing: Rose by 3% year-on-year to ₹74.7 crore compared to ₹72.2 crore in Q1FY26.

Other Operating Income: Stood at ₹19.1 crore, reflecting a 14% decrease from ₹22.4 crore in the prior-year period.

The company reported a consolidated EBITDA of ₹45.0 crore for the quarter, yielding an EBITDA margin of 16.8%, compared to ₹62.1 crore (24.4% margin) in Q1FY26. Consolidated Profit After Tax (PAT) for Q1FY27 stood at ₹0.7 crore, representing a PAT margin of 0.3%.

Key Operational Developments and Volumes

Operational performance across Antony Waste's primary waste management verticals showed steady volume growth during the quarter:

Total Waste Handled: Increased by approximately 5% year-on-year to ~1.40 million tonnes.

Collection & Transportation Volume: Grew ~5% year-on-year to ~0.55 million tonnes.

Processing Volume: Rose ~6% year-on-year to ~0.85 million tonnes.

Refuse Derived Fuel (RDF) Sales: Recorded at ~40,000 tonnes, reflecting a 28% year-on-year decrease.

Compost Sales: Remained flat year-on-year at ~6,000 tonnes.

Strategic Debt Refinancing

During the quarter, Antony Waste successfully refinanced the term loan for its subsidiary, Antony Lara Renewable Energy. The refinancing effectively reduced the interest rate on the debt facility by 200 basis points, bringing the rate down from 10.25% to 8.25%. This strategic action is expected to optimize borrowing costs and strengthen the subsidiary's debt service profile moving forward.

Commenting on the results, Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell Limited, said, "During the quarter, our operating revenue stood at ₹260 crores, reflecting a growth of 6% as compared to Q1FY26.This performance reflects the resilience of our business model and consistent execution across our portfolio. Revenue growth was driven by higher volumes across project sites & supported by contractual tariff-led escalations.

EBITDA for the quarter stood at ₹45 crore. This moderation was primarily attributable to higher operating expenses, including vehicle hiring and transportation costs at the CIDCO plant. Certain waste disposal transportation activities pertaining to Q4FY26 were deferred to Q1FY27 and undertaken during the quarter, resulting in higher transportation costs and an incremental expense of approximately ₹10 crore.

PAT for the quarter stood at ₹0.7 crore, with profitability impacted by a one-time expense of ₹7 crores related to the prepayment of the term loan of Antony Lara Renewable Energy. This was a strategic refinancing initiative that reduced the interest rate by 200 bps, from 10.25% to 8.25%. The lower borrowing cost is expected to deliver recurring interest savings, reduce the finance burden and support stronger cash flow generation from the WtE facility going forward.

Operationally, we delivered healthy tonnage growth across segments, supported by improved utilisation, continued ramp-up of existing projects and stronger throughput across project locations. Our C&T and Processing businesses both witnessed steady growth.

With a strong order book and an expanding project pipeline, we remain focused on disciplined execution, prudent capital allocation and operational efficiency. Backed by these growth drivers, we remain confident in our longterm growth prospects."

Shares of Antony Waste Handling Cell Limited was last trading in BSE at Rs. 387.80 as compared to the previous close of Rs. 417.05. The total number of shares traded during the day was 60216 in over 1634 trades.

The stock hit an intraday high of Rs. 407.55 and intraday low of 379.45. The net turnover during the day was Rs. 23431559.00.