Antony Waste Q1 FY27 Revenue Up 6% to ₹269 Crores

Event Type: Q1 FY27 Earnings Conference Call held on August 11, 2026, at 2:30 pm IST.

Management Participants: Mr. Jose Jacob (Chairman and Managing Director), Mr. Mahendra Ananthula (Group President, Operations, Business Development and Diversification), Mr. N.G. Subramanian (Group Chief Financial Officer).

Purpose: Discussion of operational and financial performance for Q1 FY27 of the Company.

Presentation Availability: The investor presentation for Q1 FY27 was available on the stock exchange and on the company's website at https://www.antonywaste.com/investors/financial/. The audio recording was uploaded on the stock exchange on August 11, 2026.

Compliance Language: The conference call contained forward-looking statements based on beliefs, opinions and expectations of the company as on the date of the call, which are not a guarantee of future performance.

Financial Highlights from the Call:

Total operating revenue grew 6% year-on-year to ₹269 crores.
Collection and Transportation (C&T) revenue grew 10% YoY to ₹156 crores.
Processing segment revenue grew 3% YoY to ₹75 crores.
EBITDA declined 27% YoY to ₹45 crores with EBITDA margin at 16.8% compared to 24.4% in Q1 FY26.
PAT stood at ₹0.7 crores, down sharply from ₹23 crores in Q1 FY26.
Gross debt stood at approximately ₹435 crores with cash and bank balances of around ₹111 crores.
Net debt was approximately ₹324 crores with net debt-to-equity ratio of 0.4x.
Weighted average cost of debt stood at approximately 10.1%.
DSOs remained stable at 114 days.

Operational Highlights:

C&T operations handled approximately 0.55 million tons of waste.
Processing facilities managed around 0.85 million tons of municipal solid waste.
Total tonnage for Q1FY27 was approximately 1.4 million tons, a 5% increase YoY.
Waste-to-Energy plant at PCMC generated over 20 million green units, avoiding approximately 2,782 tons of CO2 equivalent emissions.
C&D waste recycling facility achieved a recycling rate of 96%.
RDF sales stood at approximately 40,000 tons, down 28% YoY.
Compost sales remained stable at approximately 6,000 tons.

Strategic Updates:

The company secured a new contract from Greater Noida Industrial Development Authority for procurement and comprehensive O&M of electrical mechanical road sweeping machines worth ₹243 crores over 5 years with a 2-year extension option.
Successfully refinanced the term loan of Antony Lara Renewable Energy Private Limited, reducing interest rate from 10.25% to 8.25%.
The company expects an impairment charge in the range of ₹22-24 crores related to damage at the PCMC WtE facility, which may be partially offset by insurance claims.

Tragic Incident Disclosure:

On July 8, 2026, exceptionally heavy rainfall of approximately 650 mm caused a legacy waste mound collapse at the PCMC facility, resulting in 9 fatalities and 14 rescues.
The company is providing financial assistance of ₹40 lakh to each affected family, covering medical and funeral expenses, offering employment to immediate family members, and supporting education of minor children.
WtE operations were temporarily suspended pending safety assessment, with MRF and composting operations resuming from July 28, 2026.
WtE operations are expected to restart by first week of October 2026, with fixed costs of ₹2.5-3 crores per month during the suspension.

The document is a transcript of the earnings call submitted as a regulatory filing under Regulation 30 of SEBI Listing Regulations.
The transcript was hosted on the company's website and submitted to BSE and NSE.
The document includes detailed financial and operational data from the earnings call.
The transcript contains a comprehensive Q&A session with analysts covering various aspects of the business.