Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q2 FY27 Earnings Presentation
42 slides from Antony Waste Handling Cell's earnings presentation, November 2026
Slide 1: Q2 & H1FY27 Investor Presentation
Antony Waste Handling Cell Limited Q2 & H1FY27 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: Q2 & H1FY27 Highlights
End-to-end waste management capabilities… Q2 & H1FY27 Highlights Sustainability with Growth …. 3
Slide 4: Key Updates
Key Updates 1 ~1.28 MMT / ~2.71 MMT 2 ~10,380+ Hours / ~18,690+ Hours Waste Managed* Training Provided Q2FY27 / H1FY27 Q2FY27 / H1FY27 3 ~49,000 Tonnes / ~89,000 Tonnes 4 ~2,000 Tonnes / ~8,000 Tonnes Sale of Refuse Derived Fuel Sale of Compost Q2FY27 / H1FY27 Q2FY27 / H1FY27 5 ~1,148 Tonnes / ~4,13
Slide 5: Quarterly Highlights
Quarterly Highlights Total Revenue EBITDA PAT after excluding exceptional item (₹ in Cr) (₹ in Cr) (₹ in Cr) 330 37 296 68 62 265 269 269 59 58 58 249 250 254 57 227 49 50 45 22 23 18 17 18 15 15 1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY25 FY25 FY25 FY26 F
Slide 6: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Revenue from MSW C&T 227.5 160.5 42% 393.8 311.9 26% Revenue from MSW Processing 49.0 72.1 (32%) 123.7 144.3 (14%) Revenue from other operating income 44.7 25.1 78% 64.7 48.8 32% Total Operating Re
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (₹ in Cr) Sep-26 Mar-26 Equity & Liabilities (₹ in Cr) Sep-26 Mar-26 Non - Current Assets 1,316.1 1,229.9 Total Equity 929.7 915.2 Property Plant & Equipment 434.1 409.0 Share Capital 14.2 14.2 CWIP 30.0 28.8 Reserves & Surplus 724.4 724.7 Right-of-Use Assets 29.5 2
Slide 8: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Cr) H1FY27 H1FY26 Net Profit Before Tax 14.8 45.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 92.8 73.4 Operating profit before working capital changes 107.6 119.2 Changes in working capital -54.1 -70.4 Cash generated from
Slide 9: Who We Are
End-to-end waste management capabilities… Who We Are Sustainability with Growth …. 9
Slide 10: Committed to Sustainability with Growth
Committed to Sustainability with Growth MARKET LEADERSHIP STRONG FINANCIAL PERFORMANCE : FY26 CREDIT RATING Leading player in India's SWM industry ₹1,084 cr ₹92 cr 0.3 x CARE BBB+ Stable · LT bank facility Revenue Net Profit Net Debt / Equity CARE A3+ ST bank facility 25 Years OPERATIONAL EXCELLENCE
Slide 11: 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 CIDCO Bio-Mining Project ➢ Awarded C&T project by TMC ➢ Received Mechaniz
Slide 12: End-to-end waste management capabilities
End-to-end waste management capabilities… TREAT & RECOVER 04 Landfill Management At our Kanjurmarg facility in Mumbai, we operate one of Asia’s largest bio-reactor landfills, currently managing approximately 6,000 tonnes per day COLLECT & TRANSPORT SEGREGATE 01 02 03 05 Resource Recovery Door to Doo
Slide 13: Strategic Revenue Diversification
Strategic Revenue Diversification MSW MSW Contract & Collection & Transportation Processing Others Contributes 60% to Contributes 25% to Contributes 15% to Overall revenue Overall revenue Overall revenue ➢ Door to door collection through primary ➢ Involves sorting & segregating waste received ➢ Inte
Slide 14: Click2Clean - Safe, Smart Facility Services
Click2Clean - Safe, Smart Facility Services PEST MANAGEMENT · DEEP CLEANING 150+ Hygienic, healthy and productive spaces, delivered with Clients served safety, compliance and technology. Pan India Every site backed by documentation, audit trails and service reporting. Operational footprint 01 02 03
Slide 15: 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 16: Our Strategy
Our Strategy 03 WTE, Segregation & Bio-Mining 02 ➢ WTE – Driving growth in the Waste-to-Energy segment through assured raw material availability and secured power offtake arrangements 01 Rational Selection of Projects ➢ Focus on selling recyclables and RDF as an added source of revenue ➢ Experience,
Slide 17: One of Asia's largest single-location plants
One of Asia's largest single-location plants* 2010–2036 ~11 yrs ~6,000 TPD 90% ~20.76 mmt of Mumbai's waste managed since inception, project tenure (25 years) balance tenure waste currently managed handled at Kanjurmarg till September 2026 CUSTOMER OPERATIONS PROJECT SCOPE & CAPACITY Design, constru
Slide 18: Maharashtra's 1st Integrated Waste-to-Energy Project
Maharashtra’s 1st Integrated Waste-to-Energy Project Project Tenure Technology Partner 2019-2040 Hitachi Zosen Corporation Integrated Project Processing of 1,000 Tonnes Per Day of Pre-processing, Composting, Power Municipal Solid Waste generation and Landfill Management 14 MW of Clean and Green Ener
Slide 19: 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 Nagpur Greater Noida 30 Kadapa Ongoing projects Nashik 10 Navi Mumbai Kurnool Noida Nagpur Mumbai States Mumbai Nort
Slide 20: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Small Tipper 1,618 Electric Vehicle 114 Compactor 611 Waste processing Key Processes technology ➢ Aerobic process using MRF and Dumper Placer 52 composting facility at Kanj
Slide 21: 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 22: 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-/Watch Developing 3,280 Term Loan Antony Lara Enviro Solutions Crisil A2+/Watch Developing 20 Overdraft Facility
Slide 23: Group Structure
Group Structure Antony Waste Handling Cell (AW) Antony Lara Enviro Solutions (AL) Antony Recycling Varanasi Waste Solutions Mumbai Eco Solutions AW 73% | Lara Central, Brazil 27% AW 100% AW 98% | Kerzellion 2% AW 51% | Jigar Transport 29% | MK Ent. 20% Antony Lara Renewable Kadapa Renew Energy Kurno
Slide 24: 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 25: 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% 7.2% 1,714 Compost CAGR Growth WtE 18% 1,211 13% Landfill Recycled 52% Open 2025 203
Slide 26: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products ➢ Anaerobic fermentation of bio-degradable waste in an enclosed space - generates (‘000) (TPD) (₹ in lakh/TPD) methane rich bio-gas fuel and sludge, used for making compost ➢ Like composting, biometh
Slide 27: An ESG Centric Business
End-to-end waste management capabilities… An ESG Centric Business Sustainability with Growth …. 27
Slide 28: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship At Kanjur, we make Refuse Derived Fuel to generate green energy 01 Air Emissions are within Greenhouse gases captured from permissible limits set by regulatory 07 02 BLF stations & leachate treatment authorities plan Sustainable Leach
Slide 29: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion Implementation of Regular Training on Work- Related Hazards, Waste Protocols, and Vehicle/Machinery Safety 01 All sites adhere to best practices in POSH policy is implemented with community grievance redressal 07 02 100% coverage across
Slide 30: Integrity in Leadership: Governing with Transparency & Accountability
Integrity in Leadership: Governing with Transparency & Accountability Diverse 6-member Board, led by the Audit, CSR, Nomination & Vigil Mechanism/ Whistleblower Chairman & MD, includes 3 Remuneration, and Stakeholders Policy to facilitate reporting of Independent Directors, one of whom Relationship
Slide 31: ESG Performance at a Glance
ESG Performance at a Glance Q1FY27 ENVIRONMENTAL 13,336 1,610 4,132 tCO2e Scope 1 Emission Scope 2 Emission Emissions Avoided SOCIAL Gender Diversity Retention Rate Human Resources Staff – 3.58% Staff – 98.74% Staff – 1,286 Swachhta Warrior – 1.91% Swachhta Warrior – 97.25% Swachhta Warrior – 11,268
Slide 32: Historical Financial Highlights
End-to-end waste management capabilities… Historical Financial Highlights Sustainability with Growth …. 32
Slide 33: 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 34: 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 35: 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 36: 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 37: Annexures
End-to-end waste management capabilities… Annexures Sustainability with Growth …. 37
Slide 38: 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 39: Our Infrastructure at Kanjurmarg
Our Infrastructure at Kanjurmarg Material Recovery Facility Bio-reactor Landfill Gas Collection Composting Sustainability with Growth …. 39
Slide 40: 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 Sustainability with Growth …. 40
Slide 41: 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 42: Thank You!
Company: CIN: L90001MH2001PLC130485 Mr. Subramanian NG Email: [email protected] ` www.antony-waste.com Investor Relations Advisor: CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Umang Shah Email: [email protected] / [email protected] Thank You ! T: +91 99206 02034 / +91
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