Antony Waste Handling Cell (AWHCL) Q4 20/21 earnings summary

Executive summary

• FY2021 consolidated total income rose 3% YoY to ₹480.76 crore; EBITDA increased to ₹130.27 crore from ₹121.44 crore and PAT to ₹64.07 crore from ₹47.15 crore.

• Essential waste services continued through COVID-19 lockdowns; collection volumes improved in Q4 versus the prior-year period, though recovery remained incomplete.

• Completed IPO and listing on BSE and NSE on January 1, 2021; proceeds supported debt reduction and equity funding for the Pimpri-Chinchwad WTE project.

Financial highlights

• Consolidated revenue from operations was ₹465.05 crore versus ₹450.51 crore YoY; total income was ₹480.76 crore versus ₹464.61 crore.

• Consolidated EBITDA was ₹130.27 crore versus ₹121.44 crore; PAT was ₹64.07 crore versus ₹47.15 crore.

• Consolidated PBT was ₹70.59 crore versus ₹66.94 crore; FY2021 EPS was ₹17.14 versus ₹17.78.

• Standalone total income increased 2% to ₹60.47 crore; PAT was ₹13.92 crore versus a ₹13.58 crore loss, and EPS was ₹5.29 versus a loss of ₹8.83.

Outlook and guidance

• Pimpri-Chinchwad’s 14 MW WTE plant was scheduled for commissioning on or before March 2023, following site civil works begun in March 2021.

• Continued focus on commercially viable projects, clustered geographic expansion, fleet utilisation, cost control and operating efficiency.

• Management expected continued volume recovery during 2021 as vaccination widened and commercial activity reopened; YoY comparisons would reflect the pandemic-driven declines in 2020.