Antony Waste Handling Cell Ltd
Antony Waste Handling Cell Q2 FY26: Revenue ₹465 Cr
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #13 of 13 in Other Utilities
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The short version
Antony Waste Handling Cell Limited expects a 25% CAGR growth in revenue over the next 4-5 years, driven by new Waste to Energy (WTE) projects and organic growth. Antony Waste Handling Cell projects a 25% CAGR revenue growth over 4 to 5 years driven by current contracts and new Waste to Energy (WTE) projects.
From Antony Waste Handling Cell Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Antony Waste Handling Cell Limited expects a 25% CAGR growth in revenue over the next 4-5 years, driven by new Waste to Energy (WTE) projects and organic growth.
- Revenue grew from approximately Rs.465 crores in FY '20 to Rs.950 crores in FY '25, reflecting a 26% CAGR over the past five years.
- The company anticipates continued growth from increased tonnage and higher tipping fees in existing contracts, projecting 17-18% organic growth for the current period.
- New WTE projects, including two large ones with a combined Rs.3,200 crore revenue over 20 years, are expected to start contributing revenue from Q4 FY '27 after construction.
2 more points from Antony Waste Handling Cell Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Waste to Energy (WTE) Projects:
- Two new WTE projects bid in western India; Andhra Pradesh projects under concession agreement, with construction expected to start by Q4 FY2026 after financial closure by end 2025.
- Capex for new WTE projects estimated at Rs.300-325 crore each, higher than earlier PCMC project (~Rs.250 crore) due to inflation.
- Construction duration for WTE projects around 24 months.
- Vehicle Scrapping and Tire Recycling Venture:
- Land acquisition and MIDC approvals in process.
- Construction of facility expected within 6 to 9 months once approvals are received.
- Initial scale expected at ~40 vehicles per day, with gross asset turnover around 0.2x to 0.25x capex.
- Centralized Stores and Procurement System:
- Investment in inventory and centralized stores management to optimize bulk purchases and OEM tie-ups.
2 more points from Antony Waste Handling Cell Ltd's call on capex
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Top-ranked in Other Utilities
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of September 2025, Antony Waste Handling Cell Limited has a total order book of around Rs. 12,500 crores.
- This order book includes signed contracts where capex is either completed or ongoing.
- New contracts often require significant capex upfront, especially Waste to Energy (WTE) projects.
- The Rs. 12,000 crore pipeline mentioned earlier refers to contracts already bagged with remaining execution periods; actual execution and revenue realization span over multiple years (e.g., 7-10 year contracts).
- The company has also bid for additional C&T and waste processing contracts currently in the letter of intent stage, with no definitive updates expected soon.
2 more points from Antony Waste Handling Cell Ltd's call on order book
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Antony Waste Handling Cell Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹262 Cr, net profit ₹15 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Antony Waste Handling Cell Ltd's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Other Utilities
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Antony Waste Handling Cell Ltd Q2 FY26 results?
Antony Waste Handling Cell Limited expects a 25% CAGR growth in revenue over the next 4-5 years, driven by new Waste to Energy (WTE) projects and organic growth. Antony Waste Handling Cell projects a 25% CAGR revenue growth over 4 to 5 years driven by current contracts and new Waste to Energy (WTE) projects.
What is Antony Waste Handling Cell Ltd share price analysis?
Antony Waste Handling Cell Ltd currently shows a neutral. The stock trades at a P/E of 19.0 with a market cap of ₹1,108 Cr. Investors should review the full earnings analysis for detailed insights.
Is Antony Waste Handling Cell Ltd planning capital expenditure?
Waste to Energy (WTE) Projects: - Two new WTE projects bid in western India; Andhra Pradesh projects under concession agreement, with construction expected to start by Q4 FY2026 after financial closure by end 2025.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.