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Please find attached intimation w.r.t the Press Release
Antony Waste Handling Cell Ltd · 543254
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Antony Waste Handling Cell Ltd announced its Q2 & H1FY27 results, with operating revenue growing 25% YoY to ₹582 crores. EBITDA for the quarter stood at ₹58 crores, with margins at 17.6%, while H1FY27 EBITDA stood at ₹103 crores, with margins at 17.2%. The company witnessed an unfortunate incident at the PCMC WtE facility in July 2026, which disrupted operations, and recognized ₹20 crores as exceptional item relating to this incidence.
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Antony Waste Handling Cell Ltd - 543254 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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CIN: L90001MH2001PLC130485West) - 400601 Phone: 022 – 4213 0300 | Email:
Ref.: AW/COMP/SE/2026-27/62 Date: November 06, 2026
To, To,
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No.C-1,
Dalal Street, Fort Block G, Bandra-Kurla Complex,
Mumbai – 400001 Bandra (E), Mumbai 400051
Scrip Code: 543254 Symbol: AWHCL
Dear Madam/Sir,
Sub. : Press Release
Ref. : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI Listing Regulations")
With reference to the captioned subject and in continuation to our letter having reference no.
AW/COMP/SE/2026-27/60 dated November 05, 2026, please find enclosed Press Release
issued with regard to the announcement of the Unaudited Financial Results (Standalone and
Consolidated) of the Company for the quarter and half year ended September 30, 2026
(“Financial Results”).
The press release is available on the website of the Company i.e. www.antony-waste.com
This is for your information and record please.
Thanking You,
Yours faithfully,
For and on behalf of
ANTONY WASTE HANDLING CELL LIMITED
HARSHADA RANE
COMPANY SECRETARY & COMPLIANCE OFFICER
A34268
Enc. a/a
Registered Office: A-59, Road No. 10, Wagle Industrial Estate, Thane (West) – 400604, Maharashtra, India
Phone: 022 – 3544 9555 | Email: info@antonywaste.in | Website: www.antony-waste.com
Antony Waste Handling Cell Limited: Q2 & H1FY27 Results
Thane, November 06, 2026: Antony Waste Handling Cell Limited (AWHCL or Antony Waste), leading player in the
Indian Municipal Solid Waste Management Industry with 25 years in the business, announced its financial results
for the quarter & half year ended September 30, 2026.
Consolidated Financial Highlights:
Profit and Loss (in Rs. Crs) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y
Revenue from MSW C&T 227.5 160.5 42% 393.8 311.9 26%
Revenue from MSW Processing 49.0 72.1 (32%) 123.7 144.3 (14%)
Revenue from other Operating Income 44.7 25.1 78% 64.7 48.8 32%
Total operating Revenue 321.2 257.7 25% 582.2 505.0 15%
Contract & Others 9.1 6.4 16.9 14.2
Revenue from Operations 330.3 264.1 25% 599.2 519.2 15%
EBITDA 58.3 57.1 2% 103.3 119.3 (13%)
EBITDA Margin 17.6% 21.6% 17.2% 23.0%
PAT -1.7 17.3 NA -1.0 40.2 NA
PAT Margin % -0.5% 6.5% -0.2% 7.7%
*MSW C&T = Municipal Solid Waste Collection & Transportation
Q2FY27 Key Operational Highlights:
➢ Q2FY27 C&T volumes grew ~11.5% reaching ~0.60 million tonnes and Processing volumes de-grew
~7.2% reaching ~0.68 million tonnes
➢ Q2FY27 Total MSW handled grew ~0.8% YoY to ~1.28 million tonnes
➢ Q2FY27 RDF sales stood at ~49,000 tonnes
➢ Q2FY27 Compost sales stood at ~2,000 tonnes
H1FY27 Key Operational Highlights:
➢ H1FY27 C&T volumes grew ~9.4% reaching ~1.16 million tonnes and Processing volumes remained
stable at 1.54 million tonnes
➢ H1FY27 Total MSW handled grew ~4.5% YoY to ~2.71 million tonnes
➢ H1FY27 RDF sales stood at ~89,000 tonnes
➢ H1FY27 Compost sales stood at ~8,000 tonnes
Commenting on the results, Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell Limited,
said, “During Q2FY27, our operating revenue stood at ₹321 crores, registering a growth of 25% year-on-year,
while H1FY27 operating revenue increased by 15% year-on-year to ₹582 crores. This performance reflects the
strength of our diversified contract portfolio, driven by continued growth in our Collection & Transportation (C&T)
business. The growth in C&T was supported by the ramp-up of newly commenced Mumbai operations awarded by
the Brihanmumbai Municipal Corporation (BMC), along with higher volumes across existing projects and the
recognition of cost escalations as per the contracted terms.
EBITDA for the quarter stood at ₹58 crores, with margins at 17.6%, while H1FY27 EBITDA stood at ₹103 crores,
with margins at 17.2%. Revenue growth in the quarter was driven partly by certain past escalation claims that the
client approved during the quarter. Because these escalations relate to earlier periods, the Company has made
an expected credit loss (ECL) provision against the resulting receivables, in line with Ind AS 109 and applicable
audit requirements. As a result, margins rose less than the revenue increase would otherwise suggest. These
provisions are expected to be written back as the amounts are realised from the client. Excluding the ECL
provision, the Company would have reported stronger EBITDA growth and margin expansion.
This quarter, we witnessed an unfortunate incident at the PCMC WtE facility in July 2026, which disrupted
operations. Restoration and recommissioning efforts are underway in close coordination with PCMC, the relevant
authorities and our OEM partners. While energy operations remained suspended, MRF and composting operations
resumed, processing ~33,600 tonnes of waste. The facility is expected to be functional by December 2026. During
the quarter, we recognized ₹20 crores as exceptional item relating to this incidence. This exceptional item
comprising impairment of property, plant and equipment, restoration and other related costs and compensation
paid to employees/ their next of kin.
Looking ahead, our focus remains on the timely restoration of the PCMC WtE facility, strengthening operational
efficiencies and sustaining growth across our diversified portfolio. The continued ramp-up of our Mumbai C&T
operations, healthy traction in C&D processing and growth across existing projects provide a strong foundation
for our business. With a strong order book and an expanding project pipeline, we remain focused on disciplined
execution, prudent capital allocation and operational excellence, while remaining confident in our long-term
growth prospects and our ability to create sustainable value for all stakeholders.”
About Antony Waste Handling Cell Limited
Antony Waste Handling Cell Limited is leading player in the Indian Municipal Solid Waste Management industry
with an established track record of more than two decades, providing full spectrum of MSW services which includes
solid waste collection, transportation, processing and disposal services across India, majorly catering to
municipalities. The Company has pioneered both MSW collection and transportation business in the country. We
are also key players in the landfill construction and management sector with in-house expertise for construction
and management of landfills. We are focus on the emerging waste management areas in India such as waste to
energy. During our journey of over two and half decades, we started the business with MSW C&T and built their
way in the solid waste management business, having worked with more than 23 Municipal Corporations. At
Kanjurmarg, Mumbai, the Company is operating the largest single location waste processing plant in Asia. The
PCMC Waste-to-Energy is the first Waste-to-Energy Plant in Maharashtra selling power under Green Energy Open
Access Rules. Further strengthening its renewable energy portfolio, the Company has also secured two new Waste-
to-Energy projects in Kadapa and Kurnool in Andhra Pradesh, reinforcing its commitment to sustainable and
technology-driven waste management solutions.
Safe Harbour Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential project
characteristics, project potential and target dates for project related issues are forward-looking statements based
on estimates and the anticipated effects of future events on current and developing circumstances. Such
statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results.
Actual results may differ materially from those anticipated in the forward-looking statements. The Company
assumes no obligation to update forward-looking statements to reflect actual results, which changed assumptions
or
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