India · Delayed Price · Currency is INR Antony Waste Handling Cell Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 delivered 9% YoY revenue growth and strong operational execution, with major project wins in Mumbai and Thane expanding long-term revenue visibility. EBITDA margin guidance remains at 22%-23%, and revenue is expected to reach INR 1,200 crore in FY27, supported by new projects and sector tailwinds.
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Q2 FY 2026 saw 16% revenue growth and 18% EBITDA growth, with robust performance across segments and new WTE projects secured. Margins remain strong, and the company maintains a positive outlook with ongoing expansion and operational improvements.
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Q1 FY 2026 saw 13% revenue growth, record waste processing, and strong WTE performance with 84% PLF. EBITDA margin held at 24%, net debt reduced, and new project bids are expected to drive future growth.
Fiscal Year 2025
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Strong revenue and EBITDA growth in FY25 was driven by robust waste processing, favorable arbitration gains, and strategic contract renewals. The company maintains a healthy order book and targets 20-25% CAGR in operating cash flow over the next 3-5 years.
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Q3 FY25 saw record operating revenue and EBITDA growth, driven by strong C&T and processing segments, contract escalations, and new project ramp-ups. Outlook remains robust with 15%-18% revenue growth expected next year and a 25% CAGR over 3-5 years, despite upcoming large CapEx for new WTE projects.
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Q2 FY25 saw stable revenue at INR 200 crores, with core growth of 6% year-over-year after adjusting for one-offs. Processing revenue rose 22%, and EBITDA margin was 21.4%. Major contract wins, new project ramp-ups, and a strong outlook support guidance of 23% EBITDA margin and 25% core revenue CAGR over the next three to five years.
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Q1 FY25 saw 11% revenue growth and a 6% EBITDA increase, driven by strong waste-to-energy operations and new project launches. EBITDA margin held at 23.8%, with improved cash flow and a positive outlook for core revenue and margins.