Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q1 FY26 Earnings Presentation
41 slides from Antony Waste Handling Cell's earnings presentation, August 2025
Slide 1: Antony Waste Handling Cell Limited Q1 FY26 Investor Presentation
Antony Waste Handling Cell Limited Q1 FY26 Investor Presentation
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 3: Q1 FY26 Highlights
y ANTONY! WASTE QIFY26 Highlights
Slide 4: Key Milestones – Q1 FY26
Key Milestones – Q1 FY26 Sale of ~25 million+ Units ~55,500 mt Green Units Refuse Derived Fuel generated through PCMC WTE Plant Impressive PLF of ~3,432 Tonnes ~84% ` WTE plant in Pimpri Avoided tonnes achieved of CO2e ~9,430+ Hours ~1.33 million+ Tonnes Tonnes of Waste Training Provided Managed* *
Slide 5: Operational Highlights – Q1 FY26
Operational Highlights – Q1 FY26 Q1 FY26 FY25 Waste Managed (MMT ) ~1.33 ~4.93 13% YoY 6% YoY ` Refuse Derived Fuel ~55,500 ~1,48,000 Sold (Tonnes) 62% YoY 2% YoY Compost Sold (Tonnes) ~6,600 ~21,200 10% YoY 113% YoY 5 Sustainability with Growth ….
Slide 6: Quarterly Highlights
Quarterly Highlights Total Revenue EBITDA PAT after excluding exceptional item (₹ in Cr) (₹ in Cr) (₹ in Cr) 254 62 32 249 250 59 58 30 56 55 52 50 49 44 23 22 23 233 21 230 227 227 18 223 16 15 218 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY24 FY24 FY24 FY24
Slide 7: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from MSW C&T 151.4 136.4 11% 140.5 8% 580.6 557.5 4% Revenue from MSW Processing 72.2 61.4 17% 82.1 -12% 260.9 208.6 25% Total operating Revenue 223.6 197.8 13% 222.6 0% 841.5 766.
Slide 8: About Us
y ANTONY! WASTE About Us
Slide 9: Committed to Sustainability with Growth
Committed to Sustainability with Growth Market Leader 35+ Leading >2 decades Completed & On-going Player in SWM Industry operational excellence projects +23 Operates Largest ~164 million+ Green Units (1) ~2,591 Municipal Corps & Single location waste Since inception of the project Vehicle fleet(2) c
Slide 10: Our Journey
Our Journey 2000- 2002 2009- 2010 2015- 2018 2021- 2022 2021- 2022 Awarded 4 C&T projects by various Wins Kanjurmarg landfill Awarded a new C&T project for Inception of Antony Waste NMMC municipalities project Handling Cell Awarded a new Bio-mining First Project - Manual Sweeping Partn
Slide 11: End-to-end waste management capabilities…
End-to-end waste management capabilities… Construction & Door to Door Transportation Segregation Management of Resource Recovery Composting Waste to Energy collection Landfills Involves collection of Our operations are We facilitate At our Kanjurmarg We channel recyclables Over 21,000 tonnes We oper
Slide 12: Revenue Contribution
Strategic Revenue Diversification • Door to door collection through primary collection vehicles Limited project & MSW C&T 61% • Transportation of waste to processing facility, transfer station or a landfill disposal site counter-party credit risk • Revenue calculation based on No. of trips/ Per tonn
Slide 13: De-Risked business model
De-Risked business model Factors de-risking the business model Number of Projects 26 Revenue from Performance 16 C&T of MSW (₹ in Cr) 14 15 MSW Processing Staggered revenue stream Contract & Others Projects diversified across 117 129 timelines 232 261 209 FY10 FY15 FY20 FY25 99 175 52 151 Operationa
Slide 14: Our Strategy
Our Strategy Cluster based approach Rational Selection of WTE, Segregation and Bio for growth Projects For Expansion Mining • Traditionally we have followed cluster- • Experience, credentials & financial strength • WTE – Focus on waste to energy with based approach to bid for projects – makes us eli
Slide 15: One of the largest single location plant in Asia*
One of the largest single location plant in Asia* Project Tenure Balance Tenure Currently handling waste per day We operate one of the largest single location waste 2010-2036 (26 years) ~13 Years ~6,000 Tonnes processing plants in Asia Customer • TPD of MSW: Capable of handling ~7,500 TPD • It is on
Slide 16: Maharashtra’s 1st Integrated Waste-to-Energy Project
Maharashtra’s 1st Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Project Tenure Shri Narendra Modi, Hon’ble Prime Minister of 2019-2040 India Integrated Project Processing of 1,000 Tonnes Per Day of Pre-processing, Composting, Power Municipal Solid Waste generation and Landfill
Slide 17: Proven Expertise in Project Execution
Proven Expertise in Project Execution Collection and Waste Processing & Construction and Mechanised Sweeping Transportation Disposal Demolition Waste Greater Noida Jaypee International Sports Jhansi Greater Noida CIDCO Mumbai – Borivali & Dahisar Nagpur 23 Ongoing projects Nashik Navi Mumbai Noida N
Slide 18: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Small Tipper 1,574 Electric Vehicle 85 Compactor 569 Waste processing technology Key Processes ⮚ Aerobic process using material recovery Experienced JV Partner for the faci
Slide 19: Promoters & Board of Directors
Promoters & Board of Directors Jose Jacob Kallarakal Ajit Kumar Jain Chairman & Managing Director Independent Director • >25 years' experience in waste management • Director of Environment Research Foundation • Majorly responsible for the business development • Holds Master’s degree in chemistry, Ag
Slide 20: Credit Rating
Credit Rating Amount Company Name Agency Rating Instrument (in Lakh) CARE BBB+; Stable 1,650 Working Capital Limits Antony Waste Handling Cell CARE Rating CARE A3+ 1,900 Bank Guarantee CARE BBB; Stable 4,200 Term Loan AG Enviro Infra Projects CARE Rating CARE BBB; Stable 2,700 Cash Credit CARE A3+ 3
Slide 21: Pre Merger Group structure
Pre Merger Group structure Lara Central De JV Partner Tratamento De Residuos LTDA, Brazil 27% 100% 73% 100% Kerzellion Facility Management Services Pvt. Ltd. 51% 49% ` 98% 2% Collection and Integrated waste transportation of waste Providing Waste Management facility Management Solutions Mechanical p
Slide 22: Post Merger Group structure
Post Merger Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 49% Merged into Holdco 100% 51% Kerzellion Facility Management Services Pvt. Ltd. ` Integrated waste 2% Management facility 98% Providing Waste Management Solutions to corporates to meet their EPR requ
Slide 23: All India Ranking as per Swachh Bharat Survey – 2025
All India Ranking as per Swachh Bharat Survey – 2025 Leading Player in Indian Municipal Solid Waste management Industry Ranking 31st 27th 22nd Super Swachh League City 07th Delhi Nagpur Nashik Navi Mumbai Pimpri Chinchwad Category >10 Lakh >10 Lakh >10 Lakh >10 Lakh >10 Lakh Population Population Po
Slide 24: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled… Global Indian 10% Compost W2E 18% ₹ ₹ 13% 35,500 45 bn bn Landfill Size of Global Waste Size of Domest
Slide 25: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (₹ in lakh/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 26: An ESG Centric Business
An ESG Centric Business 26 Sustainability with Growth ….
Slide 27: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship 1 2 3 4 5 6 7 At Kanjur, we Greenhouse Specialised Company and 138 Mn+ of Leachate Air Emissions make Refuse gases Fleet comply two of its Green Units treatment are within Derived Fuel captured from with latest material generated proc
Slide 28: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion 1 2 3 4 5 6 7 Implementation POSH policy is >80% of our sites All our Responsible & CSR initiatives All sites adhere to of Regular implemented are having employees and Ethical Suppliers focused on best practices in Training on with 100%
Slide 29: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability 1 2 3 4 5 6 Diverse 6- Audit, CSR, Vigil Mechanism/ Code of Conduct The Anti- There are no member Board, Nomination & Whistleblower for Board of Corruption and unresolved led by the Remuneration, Policy to facilitate Directors a
Slide 30: ESG Performance at Glance
ESG Performance at Glance Scope 1 Emission Scope 2 Emission Emissions Avoided • 6,616 (tCO2e) • 564 (tCO2e) • 3,432 (tCO2e) Human Resources Gender Diversity Retention Rate •Staff – 1,113 •Staff - 4.76% •Staff – 97.61% •Swachhta Warrior – 9,201 •Swachhta Warrior – 7.92% •Swachhta Warrior – 98.65% Tra
Slide 31: Historical Financial Highlights
Historical Financial Highlights
Slide 32: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (₹ in Cr) EBITDA (₹ in Cr) & EBITDA Margin (%) (₹ in Cr) & PBT Margin (%) 23.0% 27.1% 22.5% 16.9% 959 25.0% 12.2% 220 14.7% 19.2% 202 11.7% 9.9% 895 113 875 117 109 167 168 102 129 130 71 95 232 667 261 209 99 175 481 FY21 FY22 FY
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) FY25 FY24 FY23 FY22 FY21 Revenue from MSW C&T 580.6 557.5 468.4 417.2 297.3 Revenue from MSW Processing 260.9 208.6 174.5 150.8 131.9 Total operating Revenue 841.5 766.1 643.0 568.0 429.2 Contract & Others 117.3 128.8 232.2 98.7 51.5 Tot
Slide 34: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (₹ in Cr) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (₹ in Cr) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 1,204.2 1,059.2 893.0 618.5 481.2 Total Equity 819.2 718.4 616.8 532.7 442.6 Property Plant & Equipment 388.1 271.8 190.3 11
Slide 35: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Cr) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Net Profit Before Tax 118.4 109.1 102.3 109.1 70.6 Adjustments for: Non -Cash Items / Other Investment or Financial Items 112.8 69.9 64.2 51.6 48.6 Operating profit before working capital changes 231.3 179.0 16
Slide 36: Annexures
Annexures
Slide 37: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project closure ▪ Feasibility study - Project report ▪ For projects on operation and maintenance basis, entire ▪ Key Execution & Admin. risks vehicle fleet is required to be returned to municipalit
Slide 38: Our Infrastructure at Kanjurmarg
Our Infrastructure at Kanjurmarg Material Recovery Facility Bio-reactor Landfill ` Gas Collection Composting 38 Sustainability with Growth ….
Slide 39: Our Infrastructure at PCMC Waste to Energy Plant
Our Infrastructure at PCMC Waste to Energy Plant Step 1 Step 2 Step 3 ` Step 4 Step 5 Step 6 39 Sustainability with Growth ….
Slide 40: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SWM: Solid Waste Management ▪ AWHCL: Antony Waste Handling Cell Limited ▪ TMC: The Thane Municipal Corporation ▪ BN : Billion ▪ TPD: Ton / Day ▪ BLF: Bio-Reactor Landfill ▪ UMC: The Ulhasnagar Municipal Corporation ▪ C&T: Collect
Slide 41: Thank You !
Company: CIN: L90001MH2001PLC130485 Mr. Subramanian NG E: Investor.relations@antonywaste.in` www.antony-waste.com Investor Relations Advisor: CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Pratik Shah E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net Thank You ! T: +91 9920602034 / +91 9870030585
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