Antony Waste Q2 FY26 Profit Is Up 13% YoY to ₹17.3 Crore - Revenue Increases 16%

Mumbai, November 3, 2025 – Antony Waste Handling Cell Limited (NSE: AWHCL | BSE: 543254) has recorded a vibrant performance in the second quarter ended September 30, 2025. Along with the growth of revenue and profit metrics by the company which ratcheted up – operational efficiency, expanded waste-processing capacity, contracted throughput from municipal contracts, etc.

Snapshot of Financial Performance

The company’s consolidated operating revenue for Q2 FY26 reached 233 crores. Thus depicting the year-to-year increment of 16% as compared to 200 crores in the 2nd quarter of the financial year 2025. Total revenue from operations increased by 17% to 264.8 crores. This was on the back of stable and consistent contributions from both MSW Collection & Transportation (C&T) and MSW Processing businesses.

EBITDA went up by 18% Y-o-Y to 57 crores – thus the margin remained healthy at 21.6%. While the profit after tax (PAT) figure recorded the growth of 13% YoY to 17.3 crores, the reason being concerted efforts in cost management and smooth project execution.

The first half of FY26 was also very successful in terms of Antony Waste accomplishments. As the company announced total revenues of 519.2 crores which is 13% higher than last year. The PAT of 40.2 crores which is the indicator of the operational resilience proven by the company.

Operational Highlights

The firm in the reported period sold 40,081 tonnes of Refuse Derived Fuel (RDF) and 3,251 tonnes of compost. Thereby affirming the progress made in turning waste into a resource. The first half of FY26 saw RDF sales of 95,820 tonnes. While compost production amounted to 9,858 tonnes – thus giving a strong indication that Antony Waste is devoted to the implementation of the circular economy and sustainability of the environment.

Strategic Developments

Antony Waste’s subsidiary, Antony Lara Enviro Solutions Private Limited, signed two Waste-to-Energy (WtE) agreements, each with a capacity of about 15 MW in Andhra Pradesh, the total concession value being close to ₹3,200 crore for 20 years. There are now two newly formed special-purpose vehicles — Kadapa Renew Energy Private Limited and Kurnool Renew Energy Private Limited — to take up the projects.

At the same time, the merger of AG Enviro Infrastructure Pvt. Ltd., Antony Waste’s largest wholly owned subsidiary, is almost done after the National Company Law Tribunal (NCLT), Mumbai Bench, has given the green light to the Joint Company Scheme Petition.

Stock Market Reaction

The Antony Waste shares were trading at down 3.62% to close at ₹524.70. Although the price decreased a little due to the overall market’s volatility – it reflects the growing confidence in – contract wins and execution momentum. The stock’s 52-week range is approximately ₹460.65 to ₹859.40.

Antony Waste Handling Cell Limited (AWHCL) has been providing the Indian market with a complete solution to the solid waste management problem for over 20 years. Making it one of the best comprehensive service providers in the sector of integrated solid waste management services in India.

REF: https://nsearchives.nseindia.com/corporate/AWHCLP_03112025120313_AWHCL_PR_Q2FY26.pdf

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