Antony Waste Handling Cell Limited — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Antony Waste Handling Cell (AWHCL) posted Q3 FY26 operating revenue of Rs. 240 Cr (+9% YoY) and 9M FY26 revenue of Rs. 696 Cr (+12% YoY). Q3 EBITDA was Rs. 50 Cr (18.4% margin), affected by a PCMC plant shutdown for modifications (now operational). Net debt stands at Rs. 350 Cr; DSO improved to 96 days.

Recent wins include large BMC C&T contracts (Rs. 1,330 Cr/7 yrs) and a Thane MSW processing facility. Two Andhra WTE projects (Rs. 600-650 Cr capex) target FY29 revenue. Management sees 20% CAGR revenue growth and 20-23% EBITDA margins ahead, exploring non-municipal segments. AWHCL is confident in scaling operations and improving its financial profile.