Antony Waste Handling Cell Limited — Investor Meet, 17-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**Antony Waste Handling Cell Ltd (AWHCL) Q1 FY27 Earnings Call Highlights:**

AWHCL reported Q1 revenue of ₹269 Cr (+6% YoY), but EBITDA fell to ₹45 Cr (-27% YoY) with margins at 16.8%. PAT was ₹0.7 Cr, sharply down from ₹23 Cr last year. This dip was largely due to higher operating costs (transportation, employee expenses up 18%), deferred Q4 FY26 disposal costs (₹10 Cr one-off), and higher finance costs. A ₹7 Cr one-time charge for loan prepayment also impacted PAT.

The PCMC Waste-to-Energy (WtE) plant faced a tragic incident involving legacy waste, causing 9 fatalities. The company is providing extensive support to affected families. While MRF and composting resumed July 28, the WtE plant is expected to restart by early October, incurring ~₹7 Cr in fixed costs during the shutdown. An impairment charge of ₹22-24 Cr is anticipated in Q2 related to project asset damage, excluding insurance recovery.

AWHCL secured a new ₹243 Cr Greater Noida road sweeping contract over 5 years, starting Q3 FY27. Debt refinancing of ₹140 Cr for Lara Renewables lowered interest rates, with expected recurring savings. Management views Q1 challenges as transitional, expecting margin normalization by FY28 as cost escalations are passed on. Focus remains on expanding processing/WtE, aiming for a 50-50 portfolio split with C&T. Investor sentiment is cautiously optimistic as the company navigates short-term headwinds.