Antony Waste Marks Silver Jubilee with Maiden Dividend, Posts ₹18,000 Crore Order Book
Antony Waste Handling Cell Limited (AWHCL) announced its financial results for the quarter and financial year ended March 31, 2026. The announcement marked the company's 25th anniversary, celebrating two and a half decades of excellence in India’s Municipal Solid Waste (MSW) management sector.The company announced several key achievements, including a record order book valued at ₹18,000 Crore as of March 31, 2026, and a maiden dividend recommendation.
Financial Highlights
Consolidated financial results for the fiscal year and fourth quarter were reported, showing robust growth metrics across key revenue streams.| Particulars (in ₹ Crore) | Q4FY26 | Q4FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |
|---|---|---|---|---|---|---|
| Total Operating Revenue | 254.4 | 222.6 | 14% | 920.0 | 841.5 | 9% |
| Contract & Others | 41.9 | 26.9 | 164.0 | 117.3 | ||
| Total Revenue | 296.3 | 249.6 | 19% | 1,084.1 | 958.8 | 13% |
| EBITDA | 67.5 | 57.9 | 17% | 236.3 | 220.2 | 7% |
| EBITDA Margin | 22.8% | 23.2% | 21.8% | 23.0% | ||
| PAT | 36.9 | 46.0 | -20% | 91.8 | 100.6 | -9% |
Operational Growth and Resource Management
Operationally, the company reported significant growth in waste processing volumes. Total MSW managed grew 15% year over year (YoY), reaching 5.69 million tonnes in FY26.Quarterly metrics also showed strong year-over-year increases:
- Q4FY26 Total MSW managed grew 23% YoY to 1.67 million tonnes.
- Q4FY26 C&T (Collection and Transportation) and Processing volumes grew approximately 6% and 32% YoY, respectively, to 0.52 million tonnes and 1.15 million tonnes.
- For the full year, C&T and processing volumes grew approximately 9% and 19% YoY, reaching 2.12 million tonnes and 3.60 million tonnes, respectively.
Furthermore, the company noted that FY26 Compost sales reached approximately 15,500 tonnes, while RDF (Refuse Derived Fuel) sales reached approximately 1,77,000 tonnes, marking a 20% YoY growth.
Management Commentary and Outlook
During the year's operations, Antony Waste Handling Cell Limited also unlocked a new revenue stream through the monetization of approximately 20% of allocated EPR credits in its first year of PCMC Waste-to-Energy operations.Mr. Jose Jacob, Chairman & Managing Director of the Company, emphasized that FY26 was a defining year for the company, marking its 25th year of operational excellence.
The Board of Directors recommended a maiden dividend of ₹0.50 per share, balancing shareholder rewards with future growth priorities.
Mr. Jacob highlighted that the company's strong performance and record order book underscore the resilience of its business model. He noted that recent key project wins in C&T, processing, and Waste-to-Energy, alongside the partnership with JFE Engineering and the successful merger of AG Enviro, have strengthened the company's long-term platform.
The company confirmed that its progress in sustainability, including strong RDF sales and EPR credit monetization, reinforces its commitment to building a circular, resource-efficient ecosystem.
About Antony Waste Handling Cell Limited
Antony Waste Handling Cell Limited is a prominent player in the Indian Municipal Solid Waste Management industry. The company provides a full spectrum of MSW services, including collection, transportation, processing, and disposal services across India, primarily catering to municipal bodies.The firm has worked with more than 25 Municipal Corporations and has pioneered both MSW collection and transportation business in the country. Beyond MSW, the company is active in the landfill construction and management sector. It is also focusing on the emerging waste management areas, including waste to energy. The company operates the largest single location waste processing plant in Asia at Kanjurmarg, Mumbai, and has secured two new Waste-to-Energy projects in Kadapa and Kurnool in Andhra Pradesh.
AWHCL Stock Price Movement
Shares of Antony Waste Handling Cell Limited are edging higher to ₹477.7 as of 11:18 AM today, capitalizing on a 2.11% gain in live trading. The stock is trading with strong momentum, backed by a volume of 70,276 shares and hitting an intraday high of ₹477.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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