Date: June 01, 2026

Financial Performance Summary

Consolidated Financial Highlights (₹ Crore)

| Particulars | Q4FY26 | Q4FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |

| Total Operating Revenue | 254.4 | 222.6 | 14% | 920.0 | 841.5 | 9% |

| Contract & Others | 41.9 | 26.9 | - | 164.0 | 117.3 | - |

| Total Revenue | 296.3 | 249.6 | 19% | 1,084.1 | 958.8 | 13% |

| EBITDA | 67.5 | 57.9 | 17% | 236.3 | 220.2 | 7% |

| EBITDA Margin | 22.8% | 23.2% | - | 21.8% | 23.0% | - |

| PAT | 36.9 | 46.0 | -20% | 91.8 | 100.6 | -9% |

Operational Highlights

Q4 FY26 Performance:

  • Collection & Transportation (C&T) volumes grew ~6% YoY to ~0.52 million tonnes
  • Processing volumes grew ~32% YoY to ~1.15 million tonnes
  • Total MSW managed grew ~23% YoY to ~1.67 million tonnes

FY26 Annual Performance:

  • C&T volumes grew ~9% YoY to ~2.12 million tonnes
  • Processing volumes grew ~19% YoY to ~3.60 million tonnes
  • Total MSW managed grew ~15% YoY to ~5.69 million tonnes
  • RDF sales reached ~1,77,000 tonnes, growing ~20% YoY
  • Compost sales reached ~15,500 tonnes, declining ~27% YoY

Strategic Developments

Dividend Declaration:

  • Board recommended a maiden dividend of 10% of Face Value (₹0.50 per share) to mark the company's Silver Jubilee (25th anniversary)

Order Book & Growth Guidance:

  • Record order book of ₹18,000 crore as of March 31, 2026
  • Anchors approximately 20% CAGR growth guidance over the next five years

New Revenue Streams:

  • Unlocked new revenue through monetization of ~20% of allocated EPR credits in first year of PCMC Waste-to-Energy operations

Project Wins & Partnerships:

  • Key project wins across C&T, processing and Waste-to-Energy segments
  • Partnership with JFE Engineering to strengthen capabilities
  • Successful merger of AG Enviro completed

Waste-to-Energy Projects:

  • PCMC Waste-to-Energy is the first plant in Maharashtra selling power under Green Energy Open Access Rules
  • Secured two new Waste-to-Energy projects in Kadapa and Kurnool, Andhra Pradesh

Management Commentary

Mr. Jose Jacob, Chairman & Managing Director, stated that FY26 was a defining year celebrating 25 years of operational excellence. He highlighted the balance between shareholder rewards through the maiden dividend and future growth priorities. The strong performance, record order book, and continued growth in Revenue and EBITDA underscore the resilience of the business model.

He emphasized healthy tonnage growth across all segments, supported by improved utilization, new project ramp-ups, and continued expansion in biomining and RDF production. The progress in sustainability, including strong RDF sales and monetization of EPR credits, reinforces the commitment to building a circular, resource-efficient ecosystem.

Company Background

Antony Waste Handling Cell Limited is a leading player in the Indian Municipal Solid Waste Management industry with over 25 years of experience. The company provides full spectrum MSW services including collection, transportation, processing and disposal services across India, primarily serving municipalities.

Key Operational Highlights:

  • Operates the largest single location waste processing plant in Asia at Kanjurmarg, Mumbai
  • Pioneered MSW collection and transportation business in India
  • Key player in landfill construction and management with in-house expertise
  • Focused on emerging waste management areas including waste to energy
  • Worked with more than 25 Municipal Corporations