Waste Management Company Reports 13% Revenue Growth in FY26; Share Price Gains Nearly 2%

On Wednesday, Indian markets closed on a strong note, with the Nifty 50 rising 1.63 per cent to 24,231.30, up 388.65 points from the previous close. Amid this, Antony Waste Handling Cell (AWHCL) share price closed at Rs 512.05, up 1.88 per cent from the previous close, supported by steady operational performance in Q4 and FY26.

Antony Waste Handling Reports 13 per cent Revenue Growth in Q4 and FY26

Antony Waste Handling Cell Limited reported a 13 per cent increase in core operating revenue for both Q4FY26 and FY26, driven by higher municipal solid waste (MSW) volumes across its operations.

For FY26, total MSW handled rose 15 per cent YoY to around 5.69 million tonnes. Collection and transportation (C&T) volumes increased about 9 per cent to 2.12 million tonnes, while processing volumes grew 19 per cent to 3.6 million tonnes.

In Q4FY26, total MSW handled increased 23 per cent YoY to 1.67 million tonnes. C&T volumes rose around 6 per cent to 0.52 million tonnes, while processing volumes saw a sharp 32 per cent increase to 1.15 million tonnes.

Operational Highlights and Segment Performance

RDF (refuse-derived fuel) sales reached a record ~177,000 tonnes in FY26, up around 20 per cent from the previous year, strengthening non-MSW revenue streams. However, compost sales declined to ~15,500 tonnes due to prolonged monsoon conditions impacting demand.

Margins were impacted by input cost inflation but were partially offset by higher realisations from value-added outputs.

Strategic Growth and WtE Expansion

The company began FY27 with a strategic investment of approximately Yen 750 million (around Rs 44 crore) from Japan’s JFE Engineering Corporation for a 25 per cent stake in two waste-to-energy (WtE) projects. Each project is expected to process around 1,000 tonnes per day and generate approximately 15 MW of power. 

These projects carry an estimated combined revenue potential of around Rs 3,200 crore over a 20-year concession period, with operations expected to commence by Q1FY29.

Antony Waste Share Price Performance

Over the past year, the stock has declined 0.92 per cent, while it has fallen 0.66 per cent over two years and gained 94.51 per cent over three years. The stock has traded in a 52-week range of Rs 379.25 to Rs 682.40.

Antony Waste Shareholding Pattern and Institutional Activity

Foreign institutional investor (FII) holding stood at 11.78 per cent, declining by 1.03 percentage points from 12.81 per cent earlier. Domestic institutional investor (DII) holding increased marginally to 3.72 per cent from 3.68 per cent, indicating stable institutional participation.

About Antony Waste Handling Cell

Antony Waste Handling Cell Limited is an India-focused waste management company engaged in the collection, transportation, processing, and disposal of municipal solid waste. The company also operates integrated waste management facilities, including recycling, composting, RDF production, biomining, and waste-to-energy generation, serving multiple urban local bodies across India.

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Disclaimer: The article is for informational purposes only and not investment advice.