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Antony Waste Handling Cell (AWHCL) investor relations material
Antony Waste Handling Cell Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary3 Nov, 2025
Executive summary
Achieved strong and consistent Q2 FY26 performance, managing 1.27 MMT of waste in Q2 and 2.60 MMT in H1, with significant refuse-derived fuel and compost sales, and over 41 million green energy units generated in Q2.
Secured two new waste-to-energy projects in Andhra Pradesh valued at INR 3,200 crore over 20 years, reinforcing sector leadership and expanding presence in 10 states with 27 ongoing projects.
Recognized as a market leader in municipal solid waste management, with a diversified, de-risked business model and focus on sustainability and ESG performance.
Demonstrated operational excellence in major events, notably managing over 60 metric tons of plastic waste during the ICC World Cup 2025.
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025, reviewed by independent auditors with no material misstatements.
Financial highlights
Q2 FY26 operating revenue grew 16% year-over-year to INR 233 crore, with total revenue reaching INR 265 crore; EBITDA rose 18% to INR 62 crore, and PAT (excluding exceptional items) was INR 32 crore.
H1 FY26 operating revenue was INR 456 crore, up 15% year-over-year; PAT for H1 reached INR 40 crore, up 10% year-over-year.
Consolidated revenue from operations for Q2 FY26: ₹25,765.05 lakhs, up from ₹22,124.12 lakhs YoY; consolidated net profit for Q2 FY26: ₹1,726.02 lakhs.
EBITDA margin stood at 21.6%-22%, and PAT margin at 6.5%; EPS for H1 FY26: ₹11.1.
Net debt/equity ratio improved to 0.4x in Q2 FY26; cash and cash equivalents as of September 2025: INR 95 crore to INR 120.1 crore.
Outlook and guidance
Focus remains on expanding processing infrastructure, enhancing profitability, and strengthening presence in high-growth sectors, with cluster-based project bidding and expansion into waste-to-energy, bio-mining, and non-municipal revenue streams.
EBITDA margin guidance maintained at 22.5%-23%, with expectations for sustained or improved margins as process volumes increase.
25% CAGR revenue growth guidance over four to five years remains on track, supported by new WTE projects.
Management remains confident in recoverability of long-outstanding receivables from municipal corporations, supported by legal opinions and ongoing repayments.
Auto scrapping business margin expectations?
ROCE/ROE improvement with new CapEx?
Kanjurmarg WTE project status?
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Next Antony Waste Handling Cell earnings date
Q3 20266 Feb, 2026
Next Antony Waste Handling Cell earnings date
Q3 20266 Feb, 2026
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Frequently asked questions
Antony Waste Handling Cell Limited (AWHCL) is an Indian company specializing in municipal solid waste (MSW) management. It offers a comprehensive range of services, including the collection, transportation, processing, and disposal of solid waste. The company is also involved in the management of landfills and the treatment of construction and demolition waste. AWHCL provides waste-to-energy solutions, contributing to the generation of renewable energy from waste materials. The company is headquartered in Thane, Maharashtra, and its shares are listed on the NSE.
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