Antony Waste Handling Cell Limited , a leading municipal solid waste management company, has reported strong financial results for the first quarter, demonstrating robust growth across its operations.

Financial Highlights

• Total operating revenue reached Rs. 224.00 crores, marking a 13% year-over-year increase
• EBITDA grew by 12% to Rs. 62.00 crores, maintaining a healthy margin of 24%
• Profit After Tax (PAT) stood at Rs. 23.00 crores, up 8% compared to the same quarter last year

Operational Performance

The company showcased impressive operational metrics across its business segments:

• Total waste handled increased by 13% year-over-year to 1.33 million tons
• Municipal Solid Waste (MSW) Collection & Transportation revenue grew by 11% to Rs. 151.00 crores
• Processing division revenue surged by 17% to Rs. 72.00 crores

Waste-to-Energy Plant Performance

Antony Waste's PCMC Waste-to-Energy plant continued to set industry benchmarks:

• Achieved a Plant Load Factor (PLF) of 84%
• Generated over 25 million green units of power
• Avoided approximately 3,432 tons of CO2 emissions

Resource Recovery and Sustainability

The company made significant strides in resource recovery and sustainability:

• Compost sales reached 6,600 tons, up 10% year-over-year
• Refuse-derived fuel sales surged by 62% to 55,500 tons
• Construction and demolition waste recycling sites achieved a 96% recycling rate

Extended Producer Responsibility (EPR) Initiative

Antony Waste launched its EPR initiative in the Waste-to-Energy division:

• PCMC-WTE project registered for EPR credits
• Monetized 20% of the first-year allocation of over 94,400 metric tons

Legal Update

The Supreme Court has stayed the Bombay High Court's judgment regarding the Kanjurmarg Landfill:

• Operations at the Kanjurmarg Landfill continue under status quo
• The company's rights under the concession agreement remain protected

Management Commentary

Subramanian N. G., Group CFO of Antony Waste Handling Cell Limited, commented on the results: "For the first quarter, the Company had a strong start, reaching peak operational and financial performance across all verticals. This performance reflects the resilience of our business model and the efficiency of our operations and our unwavering focus on sustainable growth."

He added, "Our diversified revenue streams continue to offer strategic flexibility and position the Company for sustained long-term growth. Our focus to concentrate more on the processing segment has yielded these results."

Future Outlook

The management provided guidance for the upcoming quarters:

• Expected revenue growth of 8-10% for the next fiscal year based on existing contracts
• EBITDA margin guidance of 23-23.5% for the next 2-3 quarters

Antony Waste Handling Cell Limited continues to strengthen its position in the municipal solid waste management sector, leveraging its operational excellence and strategic infrastructure investments to deliver consistent returns and contribute to India's circular economy transition.

Antony Waste Handling Cell Limited's (AWHCL) material subsidiary, Antony Lara Enviro Solutions Private Limited, has secured two significant Waste-to-Energy (WtE) plant contracts in Andhra Pradesh, marking a major expansion in the company's renewable energy portfolio.

Project Details

The New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) has awarded two projects to Antony Lara Enviro Solutions:

• Location: Kadapa and Kurnool clusters in Andhra Pradesh
• Capacity: Each plant will have a capacity of approximately 15 MW
• Contract Value: ₹1,600.00 crore per project, totaling ₹3,200.00 crore
• Concession Period: 20 years
• Construction Timeline: 24 months from the date of concession agreement signing, Power Purchase Agreement (PPA) execution, or land transfer, whichever is later

Power Purchase Agreement

The Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) will purchase the generated power at ₹8.10 per unit. This agreement covers the distribution utility serving the Kurnool and YSR Kadapa regions.

Facility Features

The WtE plants will include:

1. Advanced pretreatment Material Recovery Facilities (MRF) for processing mixed municipal solid waste
2. Automated sorting and separation technologies
3. High-efficiency incineration units for renewable electricity generation

These facilities are designed to:

• Divert thousands of tonnes of waste from landfills daily
• Reduce methane and CO₂ emissions
• Contribute to India's renewable energy capacity targets and the Swachh Bharat Mission

Strategic Significance

This development is significant for Antony Waste Handling Cell Limited for several reasons:

1. Geographical Expansion: It marks the Antony Group's entry into Southern India
2. Portfolio Growth: Once operational, these projects will expand AWHCL's clean energy portfolio to approximately 44 MW
3. Sustainability Leadership: Reinforces AWHCL's position at the forefront of sustainable waste management in India

Management Commentary

Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell Limited, commented on the contract award: "The Company is honored to be selected by Andhra Pradesh Government for these landmark Waste-to-Energy projects, underscoring its proven technical leadership, strong execution capabilities, and deep commitment to sustainable waste management. By converting waste into clean, renewable energy, the Company addresses critical environmental and energy challenges while advancing Andhra Pradesh's vision for a greener, cleaner future."

About Antony Waste Handling Cell Limited

AWHCL is a pioneer in India's municipal solid waste (MSW) management sector, with over two decades of experience. The company has evolved from an MSW collection and transportation operator to a fully integrated waste management leader, collaborating with more than 23 Municipal Corporations across India. AWHCL's portfolio includes cutting-edge domains such as Waste-to-Energy, where it champions innovation and sustainable power generation.

This latest project further solidifies AWHCL's commitment to advancing renewable energy, fostering circular economy principles, and supporting national sustainability objectives.