Antony Waste Handling Posts Rs 46 Crore Profit in March Quarter
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST

Antony Waste Handling Cell Ltd, a leading integrated waste management solutions provider in India, has reported a robust performance for the fourth quarter and financial year ended March 31, 2025, showcasing strong operational traction across its core business segments.
Key Financial Highlights (Consolidated)
Q4 FY25 vs Q4 FY24
| Metric | Q4 FY25 | Q4 FY24 | YoY Change |
|---|---|---|---|
| Total Revenue | ₹249.6 Cr | ₹217.5 Cr | ↑ 15% |
| EBITDA | ₹57.9 Cr | ₹43.5 Cr | ↑ 33% |
| EBITDA Margin | 23.2% | 20.0% | ↑ 320 bps |
| Profit Before Tax (after exceptional) | ₹48.4 Cr | ₹12.9 Cr | ↑ 275% |
| PAT | ₹46.0 Cr | ₹30.2 Cr | ↑ 53% |
| PAT (Owners) | ₹40.0 Cr | ₹27.5 Cr | ↑ 45% |
| EPS | ₹14.1 | ₹9.7 |
FY25 vs FY24
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Total Revenue | ₹958.8 Cr | ₹894.8 Cr | ↑ 7% |
| EBITDA | ₹220.2 Cr | ₹201.8 Cr | ↑ 9% |
| EBITDA Margin | 23.0% | 22.6% | ↑ 40 bps |
| PAT | ₹100.6 Cr | ₹99.9 Cr | ↑ 1% |
| PAT (Owners) | ₹85.4 Cr | ₹86.2 Cr | Slight Decline |
| EPS | ₹30.1 | ₹30.4 |
Note: FY25 includes an exceptional gain of ₹23.9 Cr related to arbitration settlement.
Segment-Wise Revenue Performance (FY25)
| Segment | Revenue (₹ Cr) | YoY Growth |
|---|---|---|
| MSW Collection & Transport | ₹580.6 | ↑ 4% |
| MSW Processing | ₹260.9 | ↑ 25% |
| Contracts & Others | ₹117.3 | ↓ 9% |
Operational & ESG Highlights
- Waste Managed: 1.36 million tonnes in FY25 (Approximately)
- Refuse-Derived Fuel (RDF): 45,200 tonnes sold in Q4 alone (Approximately)
- Green Power Generation: 27+ million green units from the PCMC WtE Plant in Q4
- CO₂ Emissions Avoided: 2,629 tonnes in Q4 (Approximately)
- Training: Over 12,370 hours conducted
Balance Sheet Snapshot (as of Mar 31, 2025)
- Total Assets: ₹1,654 Cr
- Total Equity: ₹819 Cr
- Net Debt/Equity: Maintained at 0.4x
- Cash & Cash Equivalents: ₹120 Cr
Strategic Outlook & Commentary
AWHCL continues to build on its cluster-based strategy for MSW projects, with a focus on waste-to-energy (WTE), segregation, and bio-mining. The company also reaffirmed its leadership with the successful operation of Asia’s largest single-location waste processing plant at Kanjurmarg and Maharashtra’s first integrated WTE project at PCMC, which achieved 90% PLF during the quarter.
“Our exceptional performance this quarter is a result of sustained operational excellence, effective cost control, and high asset utilization at our waste-to-energy facilities,” said Jose Jacob Kallarakal, Chairman & Managing Director.
The management emphasized its continued focus on financial discipline, client risk assessment, and expansion into high-potential geographies with healthy credit profiles.
Industry Positioning
AWHCL services over 23 municipalities across 9 states and has handled 19.6 MMT of waste since inception. The company is uniquely positioned to benefit from the increasing formalization and privatization of India’s MSW ecosystem, bolstered by rising regulatory focus on sustainability.
Antony Waste Handling Cell Ltd remains a resilient, ESG-centric waste management leader, well-positioned to capitalize on India’s burgeoning circular economy and environmental sustainability goals.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/AWHCLP_30052025120552_AWHCLInvestorPresentation.pdf

