Antony Waste Handling Cell Limited has informed the Exchange about Investor Presentation
AWHCL · price
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Awaiting price reaction for this filing.
Antony Waste Handling Cell Limited filed its Q2 FY26 and H1 FY26 investor presentation alongside the unaudited results. Q2 FY26 total revenue rose 17% YoY to ₹264.8 cr, driven by 14% growth in MSW collection & transportation (₹160.5 cr) and 22% growth in MSW processing (₹72.1 cr). EBITDA was ₹57.1 cr (margin 21.6%, up 18% YoY) and PAT for owners grew 13% YoY to ₹13.7 cr. H1 FY26 revenue came in at ₹519.2 cr (up 13% YoY) with EBITDA margin of 23.0%. The company has 27 ongoing projects across 10 states, with 17 collection & transportation contracts (avg 7.7 years) and 5 waste processing contracts (avg 23 years). Net debt/equity remained comfortable at 0.4x. However, PAT margins compressed to 7.7% in H1 FY26 (vs 10.5% in FY25), and operating cash flow fell sharply to ₹32.5 cr from ₹69.0 cr in H1 FY25, largely due to a working capital outflow of ₹70.4 cr.
Strong top-line growth and a healthy order pipeline with long-tenor contracts and low leverage are positives for the stock. However, the steady decline in PAT margins and a sharp drop in operating cash flow from working capital build-up are concerning signals that could weigh on near-term investor sentiment.