Antony Waste Handling Cell

Antony Waste Handling Cell Limited reported operating revenue of Rs 233 crores for Q2 FY26, marking 16% year-on-year growth. The company's Collection and Transportation business grew 14% to Rs 161 crores, while Processing segment recorded 22% growth reaching Rs 72 crores. EBITDA stood at Rs 57 crores with 18% growth and 22% margin. The company secured two new Waste-to-Energy projects in Andhra Pradesh valued at Rs 3,200 crores over 20 years. Total tonnage handled reached 1.27 million tons in the quarter, up 6% year-on-year. The PCMC Waste-to-Energy plant generated over 41 million green units and avoided 2,347 tons of CO2 emissions. Net debt stands at Rs 343 crores with debt-to-equity ratio of 0.4x. The company's order book position is around Rs 12,500 crores. Construction of the Andhra Pradesh projects is expected to begin in Q4 FY26 following financial closure by end of current calendar year.

Antony Waste Handling Cell Limited reported total operating revenue of ₹233 crore for Q2FY26, marking a 16% year-on-year growth. EBITDA reached ₹57 crore with an 18% year-on-year increase and margin of 21.6%. The company sold 40,081 tonnes of Refuse Derived Fuel (RDF) and 3,251 tonnes of compost during the quarter. For H1FY26, total sales reached 95,820 tonnes of RDF and 9,858 tonnes of compost. Key subsidiary Antony Lara Enviro Solutions secured two 15MW Waste-to-Energy projects in Andhra Pradesh valued at around ₹3,200 crore for a 20-year concession period. The National Company Law Tribunal has admitted the Joint Company Scheme Petition for the proposed merger between AG Enviro and the holding company. Chairman Managing Director Jose Jacob attributed the performance to operational efficiencies and enhanced throughput driven by higher volumes and escalated contracts.

Antony Waste Handling Cell Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company has significant outstanding receivables from municipal corporations totaling ₹3,766.00 lakhs in trade receivables and ₹497.53 lakhs in other current financial assets. Of the trade receivables, ₹1,500.00 lakhs is under dispute with one municipal authority, with the matter currently pending before the Supreme Court. The company received a favorable ruling from the Bombay High Court, but the municipal corporation has appealed the decision. Management believes these receivables are recoverable based on legal advice and ongoing discussions with municipal authorities. The Income Tax Department conducted searches in October 2021, resulting in demand orders for multiple assessment years primarily related to expense disallowances. The company has filed appeals against these orders. During the quarter, the company issued 6,770 equity shares under its ESOP scheme. The Board has approved a merger scheme with subsidiary AG Enviro Infra Projects Private Limited, with final hearing scheduled for November 27, 2025.