Antony Waste Handling Cell Limited (AWHCL) has reported a robust performance for the second quarter, with significant growth in revenue and new project acquisitions. The company's strategic expansion and operational efficiency have positioned it well in India's evolving waste management sector.

Financial Performance

AWHCL reported an operating revenue of Rs 233.00 crores for Q2, marking a 16% year-on-year growth. This growth was driven by higher tipping fees, steady contributions from fixed shifts, trips, and household collection fees, along with improved operational efficiency.

The company's financial highlights for Q2 include:

Segment-wise Performance

AWHCL's performance across its business segments showcased balanced growth:

• Collection and Transportation (C&T): Revenue grew by 14% year-on-year to Rs 161.00 crores.
• Processing: Revenue increased by 22% year-on-year to Rs 72.00 crores.

Operational Highlights

• Total waste handled reached 1.27 million tons in Q2, 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.
• Construction and Demolition (C&D) Waste Recycling Facility achieved a 96% recycling rate.

New Project Acquisitions

AWHCL secured two new Waste-to-Energy projects in Andhra Pradesh:

• Total Project Value: Rs 3,200.00 crores over 20 years
• Capex per Project: Estimated at Rs 300.00-325.00 crores
• Viability Gap Funding: Rs 65.00 crores per project from state and municipal corporations

These projects are similar to the company's existing 15-megawatt MSW-based power plants and are expected to commence construction by Q4.

Financial Position

• Net Debt: Rs 343.00 crores
• Debt-to-Equity Ratio: 0.4x
• Order Book: Approximately Rs 12,500.00 crores

Future Outlook

AWHCL is focusing on expanding its processing infrastructure and strengthening its presence in high-growth emerging sectors. The company is exploring opportunities in vehicle scrapping and tire recycling businesses, with plans to set up facilities in collaboration with MIDC.

N.G. Subramanian, Group CFO, commented on the results, stating, "Our performance this quarter reflects our disciplined execution, operational agility, and continued focus on innovation and sustainability. We remain committed to driving long-term value for our stakeholders as we expand our presence in the waste management sector."

With its strong operational foundation and strategic expansions, Antony Waste Handling Cell Limited appears well-positioned to capitalize on the growing opportunities in India's waste management industry.

Antony Waste Handling Cell Limited (AWHCL), a leading player in India's Municipal Solid Waste Management industry, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating consistent growth and operational efficiency.

Financial Highlights

AWHCL reported impressive financial performance for Q2FY26:

Operational Performance

The company's operational achievements for Q2FY26 include:

• Sales of Refuse Derived Fuel (RDF): ~40,081 tonnes
• Sales of Compost: ~3,251 tonnes

For the first half of FY26 (H1FY26), AWHCL reported:

• Total RDF sales: ~95,820 tonnes
• Total Compost sales: ~9,858 tonnes

Strategic Developments

AWHCL has made significant strides in expanding its operations and optimizing its corporate structure:

1. Waste-to-Energy Projects: Antony Lara Enviro Solutions Private Limited, a key subsidiary, secured two 15MW Waste-to-Energy projects in Andhra Pradesh. These projects, valued at approximately ₹3,200.00 crore, have a concession period of 20 years.

2. Corporate Restructuring: The National Company Law Tribunal has admitted the Joint Company Scheme Petition for the proposed merger between AG Enviro and the holding company, marking a crucial step in AWHCL's strategic initiative to optimize operational performance and financial strength.

Management Commentary

Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell Limited, attributed the company's strong quarterly performance to operational efficiencies and enhanced throughput. He stated, "Driven by higher volumes and escalated contracts, operating revenue for the quarter grew by 16% year-on-year, achieving a total of ₹233.00 crore. This success reflects the resilience and scalability of its business model and underscores a relentless management commitment to ensuring the sustained delivery of value across both the environmental and commercial spheres."

Jacob expressed confidence in achieving all internal targets set for FY26, emphasizing the company's focus on sustaining positive momentum, capitalizing on emerging opportunities in the evolving waste management sector, and delivering long-term value to stakeholders.

Conclusion

Antony Waste Handling Cell Limited's Q2FY26 results demonstrate the company's strong position in the Indian Municipal Solid Waste Management industry. With its robust financial performance, strategic expansions, and focus on operational efficiency, AWHCL appears well-positioned for continued growth in the waste management sector.

Investors and industry observers will likely keep a close eye on the company's progress in implementing its Waste-to-Energy projects and the completion of its corporate restructuring initiatives, which could further strengthen its market position and financial performance in the coming quarters.