Antony Waste Handling Cell Releases Q3 FY26 Earnings Call Transcript
Antony Waste Handling Cell released its Q3 FY26 earnings call transcript. Q3 revenue grew 9% YoY to ₹240 crores. The company secured new contracts with a potential value of ₹1,330 crores and a ₹67 crores project in Thane. Operations handled 1.42 million tons of waste, up 19% YoY. The company targets 15-18% revenue growth for next year.
The release of the earnings call transcript, coupled with details on significant new contracts, operational growth, and strategic consolidation, provides crucial information for investors and analysts, impacting market perception and investment decisions.
The announcement details strong revenue growth, new contract wins with significant revenue potential, operational improvements, and strategic mergers, all indicating positive business momentum.
Antony Waste Handling Cell Limited announced the transcript of its Earnings Call held on February 02, 2026, discussing the operational and financial performance for Q3 and 9MFY26. The company highlighted strong execution across its integrated municipal solid waste management operations, with operating revenue for Q3 FY26 reaching ₹240 crores, a 9% year-on-year growth. The Collection and Transportation segment grew 7% year-on-year to ₹175 crores, while the Processing segment grew 12% year-on-year to ₹66 crores.
Significant new project wins were detailed, including two large Collection and Transportation contracts from BMC with a combined revenue potential of approximately ₹1,330 crores over 7 years. Additionally, a 10-year DBOT concession was secured from Thane Municipal Corporation to set up and operate a waste preprocessing and stabilization facility with a capital outlay of ₹67 crores. The company also successfully completed the merger of AG Enviro Infrastructure Projects Private Limited with Antony Waste Handling Cell Limited, effective December 31, 2025, to streamline operations and enhance efficiency.
Operationally, total tonnage for Q3 FY26 reached approximately 1.42 million tons, a 19% increase year-on-year. The waste-to-energy plant at PCMC generated over 2 million green units in the quarter, though generation was lower due to technical modifications. Two new waste-to-energy projects in Andhra Pradesh, with a total project capex of ₹600-650 crores, are expected to commence revenue generation from FY29 onwards.
Financially, Q3 FY26 reported an EBITDA of ₹50 crores with margins at 18.4%, impacted by higher employee costs. Profit after tax for the quarter was ₹15 crores. For the 9-month period, total operating revenue stood at ₹696 crores with EBITDA at ₹169 crores. The company aims for a revenue growth of 15-18% for the next year and targets EBITDA margins of 22-23%. The net debt to equity stands at 0.4x, with a target to bring the blended cost of debt below 9% gradually.
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Antony Waste Handling Cell Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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