NSEAnalysts/Institutional Investor Meet/Con. Call Updates2d ago · 17 Aug 2026, 08:13 pm
Analysts/Institutional Investor Meet/Con. Call Updates
Antony Waste Handling Cell Limited · AWHCL
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Antony Waste Handling Cell Limited has informed the Exchange about the transcript of the earnings call held on August 11, 2026, regarding Q1 FY27 of the Company. The company has temporarily suspended activity at the WtE plant pending a full structural and safety assessment after a tragic incident at their Waste-to-Energy facility in PCMC. The company is bearing all medical and counsel expenses for the injured, providing financial assistance to affected families, and offering employment to immediate family members of the deceased.
Analysis Scores
Earnings Impact6/10
Growth Catalyst4/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk7/10
Liquidity Impact5/10
Market Sentiment3/10
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Antony Waste Handling Cell Limited has informed the Exchange about Transcript
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CIN: L90001MH2001PLC130485West) - 400601 Phone: 022 – 4213 0300 | Email:
Ref.: AW/COMP/SE/2026-27/45 Date: August 17, 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 : Transcript of Earnings call held on Tuesday, August 11, 2026
Ref. : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Pursuant to Regulation 30 of the SEBI Listing Regulations and in continuation to our letters having
reference number AW/COMP/SE/2026-27/37 dated August 06, 2026- regarding Intimation of
Earnings Call and AW/COMP/SE/2026-27/43 dated August 11, 2026 - regarding Uploading of
Audio Recording of Earnings Call, please find enclosed the transcript of the discussion held during
the said Earnings Call held on August 11, 2026, at 2:30 pm (IST) w.r.t. discussion of operational and
financial performance for Q1FY27 of the Company.
The transcript is also hosted on the Company's website i.e. at https://www.antony-
waste.com/investors/financial/
This is for your information and records 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
Q1 FY27 Earnings Conference Call”
August 11, 2026
Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, t he audio recording uploaded on the
stock exchange on 11th August 2026 will prevail.
MANAGEMENT: MR. JOSE JACOB – CHAIRMAN AND MANAGING
DIRECTOR – ANTONY WASTE HANDLING CELL
LIMITED
MR. MAHENDRA ANANTHULA – GROUP PRESIDENT,
OPERATIONS, BUSINESS DEVELOPMENT AND
DIVERSIFICATION – ANTONY WASTE HANDLING CELL
LIMITED
MR. N. G. SUBRAMANIAN – GROUP CHIEF FINANCIAL
OFFICER – ANTONY WASTE HANDLING CELL LIMITED
Page 1 of 16
Antony Waste Handling Cell Limited
August 11, 2026
Moderator: Ladies and gentlemen, good day, and welcome to Antony Waste Handling Cell Limited Q1
FY27 Conference Call. This conference call may contain forward-looking statements about the
company, which are based on beliefs, opinions and expectations of the company as on date of
this call. These statements are not the guarantee of future performance and involve risks and
uncertainties that are difficult to predict.
As a reminder, all participants lines will be listened only more and there will be an opportunity
for you to ask questions after the presentation concludes. Should you need assistance during this
conference call, please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded.
I now hand over the call to Mr. Jose Jacob, Chairman and Managing Director from Antony
Waste Handling Cell Limited. Thank you, and over to you, sir.
Jose Jacob: Good afternoon, everyone, and thank you for joining us for our Q1 FY27 earnings conference
call. With me, I have Mr. Mahendra Ananthula, our Group President, Operations, Business
Development and Diversification; Mr. Subramanian, our Group CFO; and SGA, our Investor
Relations Advisors.
Our investor presentation for Q1 FY27 is available on the stock exchange and on our company's
website. Before discussing our business performance, I want to address the tragic incident at our
Waste-to-Energy facility in PCMC.
On July 8, the region received exceptionally heavy rainfall of approximately 650 mm, well above
anything recorded historically in the area. During this event, a mound of legacy waste at the
dumping site adjacent to our facility collapsed onto the company's administrative building.
Twenty three individuals were present at the time. The rescue operation began immediately and
fourteen people were safely rescued. Tragically, nine individuals lost their lives.
Our focus from Day 1 has been on standing by the affected families. The company is bearing all
medical and counsel expenses for the injured, providing financial assistance of ₹ 40 lakh to each
affected family and covering all funeral-related expenses. We are offering employment to
immediate family members of the deceased, supporting the education of their minor children
and providing dedicated assistance in navigating medical insurance and statutory claims.
This support will continue for as long as it's needed. Those who lost were not merely employees.
They were valued members of our extended family and our thoughts remain with their loved
ones. I want to be clear on the fact the waste mound involved was legacy waste located outside
the area allocated to the company by the Corporation and its remediation was not part of our
contractual scope of work.
Page 2 of 16
Antony Waste Handling Cell Limited
August 11, 2026
On operations, as a precautionary measure, we temporarily suspended activity at the WtE plant
pending a full structural and safety assessment. Municipal waste Collection and Transportation
were unaffected throughout.
MRF and composing operation resumed from July 28 and WtE operation will restart only after
thorough review and certification by our OEMs and Hitachi. We continue to cooperate fully with
all concerned authorities.
Today, with more than a month on, we pause to remember the nine colleagues we lost. The work
they did, the people they were and the family who carry this loss every day. We have stayed
close to those families through this period, and we will continue to.
As we remember, we also renew our commitment to one another. Nothing matters more than
every person who comes to work returning home safely. Safety isn’t a set of rules on wall. It's
how we look out for each other every day. We owe that to the colleagues we lost, to their families
and to each other.
Turning now to the key highlights of the quarter. Our business performance, we delivered
healthy year-on-year revenue growth of 6%, reaching ₹ 269 crores, driven by higher volumes
across our project sites and supported by contractual tariff linked escalation.
On the balance sheet side, during the quarter we successfully refinanced the term loan of Antony
Lara Renewable Energy Private Limited, our material subsidiary operating the WtE facility in
PCMC. This refinancing brought the interest rate down from 10.25% to 8.25% per annum, a
meaningful reduction that will support our cost of capital going forward.
I'm also pleased to share a significant business win. We secured a new contract from the Greater
Noida Industrial Development Authority for the procurement and comprehensive O&M of
electrical mechanical road sweeping machines, which is across Greater Noida East zone. This is
a ₹ 243 crores project over 5 years with a further 2-year extension option. Expected to commence
in Q3 FY27 and contribute approximately ₹ 46 crores in revenue in its first year.
The project involves deploying 16 electric sweepers along with supporting infrastructure and
manpower covering approximately 640 kilometers of roads daily, further strengthening our
footprint in sustainable urban waste management.
Looking ahead, our focus remains on expanding processing infrastructure, enhance profitability
and strengthening our presence in high-growth emerging sector. Backed by a strong operational
and financial foundation, we are well positioned to meet the evolving needs of urban India. As
the nation accelerates its transition towards sustainability and circular economy, we are fully
prepared to deliver solutions that are practical, scalable and outcome-oriented driving long-term
value for all our stakeholders.
Thank you. And I now turn to the operational aspect. Let me get Mahendra
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