Antony Waste Handling Cell FY26 revenue rises 13%, declares maiden dividend

Antony Waste Handling Cell has announced its audited financial results for the quarter and financial year ended March 31, 2026, marking its 25th year of operations with a maiden dividend and robust order book growth. The company’s Board recommended a dividend of 10% of face value, or ₹0.50 per share, balancing shareholder rewards with growth priorities. Total revenue for FY26 rose 13% to ₹1,084.1 crore, while EBITDA increased 7% to ₹236.3 crore. Profit after tax (PAT) for the year declined 9% to ₹91.8 crore. The company filed an investor presentation with exchanges on June 01, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company reported a 9% year-on-year increase in total operating revenue to ₹920.0 crore for FY26. In Q4FY26, total revenue grew 19% to ₹296.3 crore, driven by a 14% rise in operating revenue to ₹254.4 crore. EBITDA for the quarter increased 17% to ₹67.5 crore, with margins at 22.8%. However, Q4 PAT fell 20% to ₹36.9 crore. The table below summarizes the financial performance:

Particulars (in ₹ Crore)	Q4FY26	Q4FY25	Y-o-Y	FY26	FY25	Y-o-Y
Total Operating Revenue	254.4	222.6	14%	920.0	841.5	9%
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

Antony Waste Handling Cell achieved healthy tonnage growth across all segments during the year. Total municipal solid waste (MSW) managed grew 15% year-on-year to 5.69 million tonnes in FY26. Collection and transportation volumes increased 9% to 2.12 million tonnes, while processing volumes rose 19% to 3.60 million tonnes. Refuse Derived Fuel (RDF) sales reached approximately 1,77,000 tonnes, a 20% increase, while compost sales de-grew 27% to 15,500 tonnes. The presentation highlighted that the company generated ~69.30 Mn+ green units through its PCMC Waste-to-Energy Plant in FY26 and avoided ~10,071 tonnes of CO2e.

Strategic Outlook

The company’s order book stands at ₹18,000 crore as of March 31, 2026, anchoring a growth guidance of 20% compound annual growth rate (CAGR) over the next five years. Management highlighted the monetization of approximately 20% of allocated Extended Producer Responsibility (EPR) credits in the first year of PCMC Waste-to-Energy operations as a new revenue stream. Key project wins across collection and transportation, processing, and Waste-to-Energy, along with the merger of AG Enviro, have strengthened the company's long-term growth platform. The company holds a CARE BBB+; Stable rating for long-term bank facilities and CARE A3+ for short-term bank facilities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.20%	-0.86%	-9.84%	+0.57%	-23.92%	+53.88%

Antony Waste Handling Cell Limited reported its audited consolidated financial results for the financial year ended March 31, 2026, recording a rise in revenue but a decline in net profit year-on-year. The Board of Directors approved the results at a meeting held on May 29, 2026, and recommended a final dividend of ₹0.50 per equity share, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance

For the year ended March 31, 2026, the company reported a total income of ₹1,08,409.60 lakh, compared to ₹95,879.29 lakh in the previous year. Revenue from operations increased to ₹1,05,319.29 lakh from ₹93,361.02 lakh in FY25. However, net profit for the year declined to ₹9,174.71 lakh from ₹10,063.70 lakh in the corresponding period last year. Profit before tax stood at ₹8,973.07 lakh for FY26, down from ₹11,841.15 lakh in FY25.

The following table summarises the key financial metrics for the year:

Metric:	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Revenue from operations:	1,05,319.29	93,361.02
Total Income:	1,08,409.60	95,879.29
Net Profit:	9,174.71	10,063.70
Profit Before Tax:	8,973.07	11,841.15

Segment Performance

The company's operations comprise a single reportable segment, waste management and allied activities, as reviewed by the Chief Operating Decision Maker. The entire operations of the Group in terms of location of assets are within India.

Auditor's Report

Walker Chandiok & Co LLP, the statutory auditors, issued an unmodified opinion on the consolidated and standalone financial results. The auditors included an emphasis of matter regarding the recoverability of trade receivables and other current financial assets amounting to ₹2,449.00 lakhs and ₹497.53 lakhs, respectively, as at March 31, 2026, which are overdue but considered good and recoverable by management. Another emphasis of matter highlighted pending income tax demand orders and assessment proceedings following a search operation in October 2021, where the financial impact is not presently ascertainable.