StockWatch
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Antony Waste Handling Cell Ltd

BSE: 543254

P/L Snapshot

Q1 FY27 · standalone

vs Q3 FY26·vs Q1 FY26
Revenue
162.36
-5.4%+1317.1%
Expenditure
160.81
-3.5%+1406.1%
Net Profit
1.37
-69.2%+656.5%
OPM %
10.00%
-2.23pp+19.39pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-21.2232.1685.54138.92192.29Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q1 FY27
Price Chart
Reports

The ₹0.7 Crore Lie: Antony's Margin Collapse Is Real, and Management Knows It

margin compression · labor cost shock · WtE disruption

Result verdictFollow-upQ1 FY2717 Aug 20266 minIndustrials & Infra

Margin collapse & PAT crash; execution credibility strained

margin compression · labor cost shock · WtE disruption

TranscriptDeep diveQ1 FY2717 Aug 20266 minIndustrials & Infra

Antony Waste Q1 FY27: consolidated PAT sinks 97% YoY on WtE costs; standalone still grows

waste management · margin compression · waste-to-energy capex

ResultsQ1 FY2710 Aug 20263 minIndustrials & Infra
Latest
Board Meeting10 Aug, 5:22 pm

Antony Waste Q1 FY27: consolidated PAT sinks 97% YoY on WtE costs; standalone still grows

Antony Waste Handling Cell's consolidated Q1 FY27 (quarter ended 30 June 2026) print is a sharp profitability miss: PAT fell 96.7% YoY to ₹0.75 Cr from ₹22.96 Cr in Q1 FY26, even as revenue from operations grew 5.5% YoY to ₹260.99 Cr and total income rose to ₹268.83 Cr. PBT collapsed 94.8% YoY to just ₹1.34 Cr. Operating margin (OPM) compressed roughly 800 bps YoY to 14.26% from 22.26%, well outside management's 20-23% guided EBITDA-margin band, and revenue growth of 5.5% trails the 15-18% FY27 growth guidance given on the February 2026 concall — both explicit misses against prior guidance. No consensus street estimate for this quarter's PAT or revenue could be confirmed, so the vsStreet read is unknown rather than assumed. The weakness is concentrated at the subsidiary (Waste-to-Energy) level rather than the core business: standalone PAT actually grew 18% YoY to ₹1.37 Cr on 8.2% revenue growth to ₹158.78 Cr, while consolidated finance costs jumped 34.9% YoY to ₹21.43 Cr and depreciation rose 8.1% to ₹22.28 Cr. Isolating subsidiaries (consolidated minus standalone), their revenue grew just 1.6% YoY to ₹102.2 Cr while their finance costs surged ~85% YoY to ₹14.0 Cr — consistent with management's own framing that the ₹600-650 Cr Andhra Pradesh WtE capex will not generate revenue until FY29, so the associated debt is loading interest and depreciation onto the P&L well ahead of any offsetting income. Sequential (QoQ) revenue (-8.7%) and PAT (-98%) look even steeper, but the company's own note flags the March-2026 quarter figures as a balancing/true-up between audited full-year and 9-month numbers, making YoY the cleaner read this quarter. On the corporate side, the Board fixed executive director Shiju Jacob Kallarakal's term for five years and approved a 26% stake acquisition in Arts EV this quarter; the 25th AGM is set for 20 August 2026 with a dividend record date of 13 August. On litigation/receivables, the Supreme Court dismissed a municipal corporation's Special Leave Petition, upholding a ₹15 Cr conciliation claim, while a separate ₹19.47 Cr overdue receivable from another municipal body saw ₹5.02 Cr recovered this quarter. No management press release accompanying this result was available to cross-check against the reported numbers. Subsequent to the quarter, on 8 July 2026, a landslide/force-majeure event at the Pimpri Chinchwad (Pune) WtE facility damaged the administrative building and caused casualties; core processing resumed 28 July but WtE operations await OEM certification, and the company says the financial impact — net of insurance — cannot yet be estimated and will be booked in the September-2026 quarter, adding a fresh overhang heading into Q2.

10 Aug 2026, 05:22 pm

Corporate Events

Board MeetingAWHCL
2026
20Aug

Board Meeting

The 25th Annual General Meeting is scheduled to be held on A…

BSE Filing
DividendAWHCL
2026
13Aug

₹0.5 / share

BSE Filing
Board MeetingAWHCL
2026
10Aug

Board Meeting

A meeting of the Board of Directors of the Company will be h…

BSE Filing
Board MeetingAWHCL
2026
28Jul

Board Meeting

The Board of Directors approved to fix the term of Mr. Shij…

BSE Filing
Board MeetingAWHCL
2026
29May

Board Meeting

The board meeting is scheduled to consider and approve the A…

BSE Filing
Board MeetingAWHCL
2025
31Oct

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingAWHCL
2025
8Aug

Board Meeting

Consider and approve Unaudited Financial Results (Standalone…

BSE Filing
Board MeetingAWHCL
2025
29May

Board Meeting

consider and approve Audited Financial Results (Standalone a…

BSE Filing
Board MeetingAWHCL
2024
9Nov

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingAWHCL
2024
8Aug

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingAWHCL
2024
24May

Board Meeting

Consider and approve the Audited Financial Statements (Stand…

BSE Filing
Board MeetingAWHCL
2024
14Feb

Board Meeting

consider and approve the unaudited financial results (Standa…

BSE Filing
Board MeetingAWHCL
2024
13Feb

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingAWHCL
2023
9Nov

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing
Board MeetingAWHCL
2023
11Aug

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing