Antony Waste Handling Cell Limited announced its unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026 (Q1FY27) through a regulatory filing under Regulation 30 of SEBI Listing Regulations. The disclosure was made via letter reference AW/COMP/SE/2026-27/41 dated August 11, 2026, to BSE and NSE, continuing from previous communication reference AW/COMP/SE/2026-27/38 dated August 10, 2026.

Financial Performance (Q1FY27 vs Q1FY26)

Revenue Breakdown (in ₹ Crore):

  • Revenue from MSW Collection & Transportation: ₹166.3 crore (vs ₹151.4 crore in Q1FY26) - 10% YoY growth
  • Revenue from MSW Processing: ₹74.7 crore (vs ₹72.2 crore in Q1FY26) - 3% YoY growth
  • Revenue from other Operating Income: ₹19.1 crore (vs ₹22.4 crore in Q1FY26) - 14% YoY decline
  • Total Operating Revenue: ₹260.1 crore (vs ₹246.0 crore in Q1FY26) - 6% YoY growth
  • Contract & Others: ₹8.7 crore (vs ₹8.4 crore in Q1FY26)
  • Total Revenue from Operations: ₹268.8 crore (vs ₹254.4 crore in Q1FY26) - 6% YoY growth

Profitability Metrics (in ₹ Crore):

  • EBITDA: ₹45.0 crore (vs ₹62.1 crore in Q1FY26) - 27% YoY decline
  • EBITDA Margin: 16.8% (vs 24.4% in Q1FY26)
  • PAT: ₹0.7 crore (vs ₹23.0 crore in Q1FY26) - 97% YoY decline
  • PAT Margin: 0.3% (vs 9.0% in Q1FY26)

Operational Highlights

  • MSW Collection & Transportation volumes: ~0.55 million tonnes (~5% YoY growth)
  • MSW Processing volumes: ~0.85 million tonnes (~6% YoY growth)
  • Total MSW handled: ~1.40 million tonnes (~5% YoY growth)
  • RDF sales: ~40,000 tonnes (28% YoY degrowth)
  • Compost sales: ~6,000 tonnes (stable YoY)

Strategic Financing Activity

During the quarter, the company refinanced the term loan of its subsidiary Antony Lara Renewable Energy, resulting in:

  • Interest rate reduction of 200 basis points from 10.25% to 8.25%
  • One-time expense of ₹7 crore related to prepayment of the term loan
  • Expected recurring interest savings and reduced finance burden going forward

Management Commentary

Jose Jacob, Chairman & Managing Director, stated that revenue growth was driven by higher volumes across project sites and contractual tariff-led escalations. The EBITDA moderation was primarily due to higher operating expenses, including vehicle hiring and transportation costs at the CIDCO plant. Specifically, certain waste disposal transportation activities pertaining to Q4FY26 were deferred to Q1FY27, resulting in higher transportation costs and an incremental expense of approximately ₹10 crore.

The PAT was significantly impacted by the one-time ₹7 crore refinancing expense. The company emphasized that the refinancing initiative will support stronger cash flow generation from the Waste-to-Energy facility going forward.

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. The company operates Asia's largest single location waste processing plant at Kanjurmarg, Mumbai, and operates Maharashtra's first Waste-to-Energy Plant in PCMC selling power under Green Energy Open Access Rules. The company has recently secured two new Waste-to-Energy projects in Kadapa and Kurnool in Andhra Pradesh.