Antony Waste Handling Cell Limited (AWHCL) announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a total operating revenue of ₹240 Crores for Q3FY26, a 9% increase year-on-year, and EBITDA of ₹50 Crores with an EBITDA margin of 18.4%. For the nine months ended December 31, 2025, total operating revenue stood at ₹696.1 Crores, up 12% year-on-year. Profit After Tax (PAT) for Q3FY26 was ₹14.6 Crores, a 19% decrease year-on-year, while for the nine-month period, PAT was ₹54.8 Crores, showing a 0% change year-on-year. The company also highlighted its sustainability efforts, selling approximately 37,840 tonnes of Refuse Derived Fuel (RDF) and 4,359 tonnes of compost in Q3FY26. For the nine-month period, RDF sales reached ~1,33,661 tonnes and compost sales aggregated ~14,217 tonnes. A significant development is the completion of the merger of AG Enviro Infra Projects Private Limited with AWHCL, effective December 31, 2025. This merger aims to leverage combined assets for economies of scale and streamline operations. Furthermore, AWHCL secured two large Collection & Transportation contracts from the BMC, with a combined revenue potential of ~₹1,330 Crores over seven years. Additionally, its subsidiary Antony Lara Enviro Solutions Private Limited received a 10-year Design, Build, Operate and Transfer (DBOT) concession from the Thane Municipal Corporation (TMC) for a municipal solid waste pre-processing facility, involving a capital investment of ~₹67 Crores from TMC. Jose Jacob, Chairman & Managing Director, commented that the Q3 performance reflects adaptability and consistent execution. He noted that operating margins were impacted by higher employee costs due to annual appraisals and incremental manpower additions. He also emphasized the company's focus on sustainability, circular economy outcomes, operational excellence, capital efficiency, and ESG-led growth.
