Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q4 FY26 Earnings Presentation
43 slides from Antony Waste Handling Cell's earnings presentation, Jun 2, 2026
Slide 1: Antony Waste Handling Cell Limited Q4 & FY26 Investor Presentation
Antony Waste Handling Cell Limited Q4 & 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: Q4 & FY26 Highlights
Q4 & FY26 Highlights 3 Sustainability with Growth ….
Slide 4: Key Updates
Key Updates 1 ~1.67 MMT / ~5.69 MMT 4 ~25.08 Mn+ Units / ~69.30 Mn+ Units Waste Managed* Green Units generated through PCMC Q4FY26 / FY26 WTE Plant Q4FY26 / FY26 2 ~43,579 Tonnes / ~1,77,000 Tonnes 5 ~3,077 Tonnes / ~10,071 Tonnes Sale of Refuse Derived Fuel Avoided tonnes of Co2e Q4FY26 / FY26 Q4FY
Slide 5: Quarterly Highlights
Quarterly Highlights Total Revenue EBITDA PAT after excluding exceptional item (₹ in Cr) (₹ in Cr) (₹ in Cr) 37 296 68 62 265 269 59 58 30 249 250 254 55 57 233 227 49 50 218 44 22 23 21 18 17 15 15 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY25 FY25
Slide 6: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) Q4FY26 Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue from MSW C&T 160.0 140.5 14% 646.4 580.6 11% Revenue from MSW Processing 94.3 82.1 15% 273.7 260.9 5% Total Operating Revenue 254.4 222.6 14% 920.0 841.5 9% Contract & Others 41.9 26.9 164.0 11
Slide 7: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (₹ in Cr) Mar-26 Mar-25 Equity & Liabilities (₹ in Cr) Mar-26 Mar-25 Non - Current Assets 1,229.9 1,206.0 Total Equity 915.2 819.2 Property Plant & Equipment 409.0 388.1 Share Capital 14.2 14.2 CWIP 28.8 38.1 Reserves & Surplus 724.7 645.0 Right-of-Use Ass
Slide 8: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Cr) Mar-26 Mar-25 Net Profit Before Tax 89.7 118.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 128.9 110.2 Operating profit before working capital changes 218.6 228.6 Changes in working capital -47.4 -13.1 Cash generated f
Slide 9: Who We Are
Who We Are 9 Sustainability with Growth ….
Slide 10: Our Sustainability Commitments
Our Sustainability Commitments 10 Sustainability with Growth ….
Slide 11: Committed to Sustainability with Growth
Committed to Sustainability with Growth Operational Excellence Market Leader Operates Largest Single location waste processing plant in Asia ~208 million+ Green Units(1) Leading 4.82 Mn+ Player in SWM Industry Household & other Establishments Since inception of the project till March 2026 Served Eve
Slide 12: Over 25 years of Journey
Over 25 years of Journey ✓ Commencement of WTE project Inaugurated by the Honorable PM, Shri Narendra Modi, and started power sale to PCMC ✓ Awarded C&T project from Panvel Municipal Corp & Navi Mumbai Municipal Corp & ✓ Awarded C&T project by TMC ✓ Awarded CIDCO Bio-Mining Project ✓ Awarded new C&T
Slide 13: Our Waste Management Solutions
Our Waste Management Solutions Mechanised and Non- Mechanised Sweeping Municipal Waste Waste Processing Collection and and Treatment Transportation Construction and Demolition Waste management Comprehensive Waste Hygiene Solutions to for all Spaces Energy 13 Sustainability with Growth ….
Slide 14: End-to-end waste management capabilities
End-to-end waste management capabilities… 1 Door to Door collection Involves collection of over 8,330 tonnes of MSW per day, from households, commercial establishments, institutions, public places, and other urban sources 2 Transportation Our operations are supported by a fleet of over 2,600 special
Slide 15: Strategic Revenue Diversification
Strategic Revenue Diversification ✓ Door to door collection through primary collection vehicles ✓ Transportation of waste to processing facility, transfer station or a landfill disposal site Revenue Distribution ✓ Revenue calculation based on No. of trips/ Per tonnes/ Fixed per day ✓ Escalation base
Slide 16: De-risked business model
De-risked business model Number of Projects Revenue from Operations (₹ in Cr) Average ongoing contract durations (in years) 30 1,084 20 15 16 465 14 8 6 109 95 FY10 FY15 FY20 FY26 FY10 FY15 FY20 FY26 MSW C&T Sweeping Waste Processing Revenue from Performance % Revenue Contribution Factors de-risking
Slide 17: Our Strategy
Our Strategy ✓ Traditionally we have followed cluster-based approach to bid for projects – Ensuring a Steady Source of Revenue ✓ 11 on-going projects in MMR from Clients of Proven Economic Position Cluster based approach for ✓ 6 on-going projects in NCR growth ✓ Continue to focus on bidding projects
Slide 18: One of the largest single location plant in Asia
One of the largest single location plant in Asia* 2010-2036 ~11 ~6,000 ~19.55 90% (25 years) Years Tonnes mmt Project Tenure Balance Tenure Currently managing waste Total waste generated Since project inception till per day in Mumbai is handled at March 2026 Kanjurmarg site We operate one of the lar
Slide 19: Maharashtra's 1st Integrated Waste-to-Energy Project
Maharashtra’s 1st Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Shri Narendra Modi, Hon’ble Technology Project Tenure 2019-2040 Prime Minister of India Partner Integrated Project Processing Pre-processing, Composting, Power over 1,000 Tonnes Per Day of Municipal generation and
Slide 20: Proven Expertise in Project Execution
Proven Expertise in Project Execution Collection and Waste Processing & Construction and Mechanised Sweeping Transportation Disposal Demolition Waste Greater Noida Jhansi CIDCO Mumbai 30 Greater Noida Nagpur Kadapa Nashik Ongoing projects Navi Mumbai Kurnool Noida Nagpur Mumbai 10 North Delhi Mumbai
Slide 21: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Small Tipper 1,583 Electric Vehicle 105 Compactor 570 Waste processing Key Processes Dumper Placer 37 technology ✓ Aerobic process using MRF and composting facility at Kanj
Slide 22: Promoters & Board of Directors
Promoters & Board of Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakal Chairman & Managing Director Executive Director & Chief Risk Officer Non-Executive Director & Chief Sustainability Officer ✓ > 25 years experience in waste management ✓ > 25 years of experience in was
Slide 23: Credit Rating
Credit Rating Amount Company Name Agency Rating Instrument (in Lakh) CARE BBB+; Stable 1,350 Working Capital Limits Antony Waste Handling Cell CARE Rating CARE A3+ 2,200 Bank Guarantee A-/Stable 1,848 Fund-Based Bank Limits A-/Stable 3,442 Term Loan Antony Lara Enviro Solutions Crisil CRISIL A2+ 100
Slide 24: Group Structure
Group Structure JV Lara Central De Partner Tratamento De Residuos LTDA, Brazil 27% 73% 51% 49% 100% 51% 100% Kerzellion Facility Management Services Integrated waste Pvt. Ltd. Management facility 2% Bio-mining 98% Providing Waste Management Collection & Solutions to Transportation of corporates to m
Slide 25: 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 Super Swachh Ranking 31st 27th 22nd 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 26: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average India Waste Management Market (in ₹ billion) Compost Recycled 10% 5% 1,714 Compost 7.2% CAGR Growth WtE 18% 13% 1,211 Landfill Recycled 52% Open 25% dump
Slide 27: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (₹ in lakh/TPD) ➢ Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost ➢ Like composting, biometh
Slide 28: An ESG Centric Business
An ESG Centric Business Our Ratings: Crisil - ESG 54 SES – ESG 65.2 28 Sustainability with Growth ….
Slide 29: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship Leachate treatment Greenhouse gases Company and two of its process aimed at captured from BLF material subsidiaries reducing Biochemical stations & leachate have Oxygen Demand treatment plan ISO 14001 certifications (BOD) levels 1 2 3
Slide 30: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion All our employees and POSH policy is workers are fully CSR initiatives implemented with covered by Health focused on Health, 100% coverage across and Accident Education, and the organization Insurance Environment 1 2 3 4 5 6 Implementat
Slide 31: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability Diverse 6-member Board, led by the Chairman & MD, Vigil Mechanism/ The Anti-Corruption and includes 3 Independent Whistleblower Policy to Bribery Policy applies to all Directors, one of whom is an facilitate reporting of genuine
Slide 32: ESG Performance at Glance
ESG Performance at Glance FY 2026 ENVIRONMENTAL 26,705 3,630 10,071 tCO2e tCO2e tCO2e Scope 1 Emission Scope 2 Emission Emissions Avoided SOCIAL Gender Diversity Retention Rate Human Resources Staff – 4.92% Staff – 88.05% Staff – 1,097 Swachhta Warrior – 2.84% Swachhta Warrior – 92.55% Swachhta Warr
Slide 33: Historical Financial Highlights
Historical Financial Highlights 33 Sustainability with Growth ….
Slide 34: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (₹ in Cr) EBITDA (₹ in Cr) & EBITDA Margin (%) (₹ in Cr) & PBT Margin (%) 1,084 21.8% 23.0% 22.5% 236 16.9% 27.1% 959 164 25.0% 12.2% 220 11.7% 19.2% 202 113 895 109 9.9% 8.3% 875 117 168 102 167 14.7% 95 90 129 130 274 71 232 667
Slide 35: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) FY26 FY25 FY24 FY23 FY22 FY21 Revenue from MSW C&T 646.4 580.6 557.5 468.4 417.2 297.3 Revenue from MSW Processing 273.7 260.9 208.6 174.5 150.8 131.9 Total operating Revenue 920.0 841.5 766.1 643.0 568.0 429.2 Contract & Others 164.0 11
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (₹ in Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (₹ in Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 1,229.9 1,206.0 1,059.2 893.0 618.5 481.2 Total Equity 915.2 819.2 718.4 616.8 532.7 442.6 Property Plant & Equipment 40
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Net Profit Before Tax 89.7 118.4 109.1 102.3 109.1 70.6 Adjustments for: Non -Cash Items / Other Investment or Financial Items 128.9 110.2 69.9 64.2 51.6 48.6 Operating profit before working capital chan
Slide 38: Annexures
Annexures 38 Sustainability with Growth ….
Slide 39: 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 40: Our Infrastructure at Kanjurmarg
Our Infrastructure at Kanjurmarg Material Recovery Facility Bio-reactor Landfill Gas Collection Composting 40 Sustainability with Growth ….
Slide 41: 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 41 Sustainability with Growth ….
Slide 42: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SLF: Sanitary Landfill ▪ AWHCL: Antony Waste Handling Cell Limited ▪ SWM: Solid Waste Management ▪ BN : Billion ▪ TMC: The Thane Municipal Corporation ▪ BLF: Bio-Reactor Landfill ▪ TPD: Tonne / Day ▪ C&T: Collection and Transport
Slide 43: Thank You !
Company: CIN: L90001MH2001PLC130485 Mr. Subramanian NG Email: Investor.relations@antonywaste.in ` www.antony-waste.com Investor Relations Advisor: CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Umang Shah Email: Jigar.kavaiya@sgapl.net / Thank You ! Umang.shah@sgapl.net T: +91 99206 02034 / +91
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