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- Q2 FY27 results
Antony Waste Handling Cell Q2 FY27 results: net loss of ₹1.73 crore vs ₹17.26 crore profit, revenue up 24.7%
Antony Waste Handling Cell Limited reported consolidated revenue of ₹321.23 crore for Q2 FY27, up 24.7% from Q2 FY26. EBITDA was ₹49.17 crore, with a margin of 15.3%, while the company reported a net loss of ₹1.73 crore and basic EPS of -₹0.64.
Key points
- Consolidated Q2 FY27 revenue was ₹321.23 crore, up 24.7% from ₹257.65 crore in Q2 FY26 and 23.1% from ₹260.99 crore in Q1 FY27.
- EBITDA was ₹49.17 crore in Q2 FY27, down 1.5% year on year but up 32.2% from the previous quarter; EBITDA margin was 15.3%.
- The company reported a net loss of ₹1.73 crore in Q2 FY27, against a net profit of ₹17.26 crore in Q2 FY26 and ₹0.75 crore in Q1 FY27.
- Total expenses were ₹311.59 crore, up 27.4% from Q2 FY26, including other expenses of ₹173.29 crore, up 42.3%.
- H1 FY27 revenue was ₹582.22 crore, up 15.3%, while the company reported a net loss of ₹0.98 crore compared with a net profit of ₹40.22 crore in H1 FY26.
How did Antony Waste Handling Cell perform in Q2 FY27?
Antony Waste Handling Cell Limited reported consolidated revenue of ₹321.23 crore for Q2 FY27, against ₹257.65 crore in Q2 FY26 and ₹260.99 crore in Q1 FY27. Total income was ₹330.33 crore, while EBITDA was ₹49.17 crore and EBITDA margin was 15.3%, compared with 19.4% a year earlier and 14.3% in the previous quarter.
The company reported a net loss of ₹1.73 crore in Q2 FY27, against a net profit of ₹17.26 crore in Q2 FY26 and ₹0.75 crore in Q1 FY27. Basic EPS was -₹0.64, compared with ₹4.81 in Q2 FY26 and ₹0.27 in Q1 FY27. On a standalone basis, revenue was ₹167.92 crore and profit before tax was ₹0.25 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 321.23 | 260.99 | 257.65 | +24.7% | +23.1% |
| Other income | 9.10 | 7.84 | 7.19 | +26.6% | +16.1% |
| Total expenses | 311.59 | 267.49 | 244.66 | +27.4% | +16.5% |
| EBITDA | 49.17 | 37.20 | 49.94 | −1.5% | +32.2% |
| EBITDA margin | 15.3% | 14.3% | 19.4% | −4.1 pp | +1.0 pp |
| Profit before tax | −1.19 | 1.34 | 20.17 | turned to loss | turned to loss |
| Tax | 0.54 | 0.59 | 2.91 | −81.4% | −8.5% |
| Net profit | −1.73 | 0.75 | 17.26 | turned to loss | turned to loss |
| EPS (₹) | −0.64 | 0.27 | 4.81 | turned to loss | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Antony Waste Handling Cell's costs and profit?
Total expenses were ₹311.59 crore in Q2 FY27, up ₹66.93 crore or 27.4% from Q2 FY26. Employee cost was ₹98.77 crore, up ₹12.80 crore or 14.9%; other expenses were ₹173.29 crore, up ₹51.55 crore or 42.3%; depreciation was ₹23.69 crore, up ₹2.19 crore or 10.2%; and finance costs were ₹15.84 crore, up ₹0.38 crore or 2.5%.
Other income was ₹9.10 crore, up ₹1.91 crore or 26.6% from Q2 FY26, while tax was ₹0.54 crore, down ₹2.37 crore or 81.4%. The company recorded an exceptional loss of ₹19.93 crore in Q2 FY27, against no exceptional item in Q2 FY26 and Q1 FY27. PBT moved from ₹20.17 crore to a loss of ₹1.19 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 98.77 | 85.97 | +12.80 | +14.9% |
| Finance costs | 15.84 | 15.46 | +0.38 | +2.5% |
| Depreciation | 23.69 | 21.50 | +2.19 | +10.2% |
| Other expenses | 173.29 | 121.74 | +51.55 | +42.3% |
| Total expenses | 311.59 | 244.66 | +66.93 | +27.4% |
| Other income | 9.10 | 7.19 | +1.91 | +26.6% |
| Tax | 0.54 | 2.91 | −2.37 | −81.4% |
| Exceptional items | −19.93 (charge) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Antony Waste Handling Cell reported consolidated revenue of ₹582.22 crore, up 15.3% from ₹504.99 crore in H1 FY26. Total income was ₹599.15 crore, up 15.4% from ₹519.23 crore, and basic EPS was -₹0.37 compared with ₹11.08 in H1 FY26.
PBT was ₹0.15 crore in H1 FY27, down 99.7% from ₹45.8 crore in H1 FY26. The company reported a net loss of ₹0.98 crore for the first half, compared with a net profit of ₹40.22 crore in the year-ago period.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 582.22 | 504.99 | +15.3% |
| Profit before tax | 0.15 | 45.80 | −99.7% |
| Net profit | −0.98 | 40.22 | turned to loss |
| EPS (₹) | −0.37 | 11.08 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹1,815.96 crore at 30 September 2026, compared with ₹1,738.75 crore at 31 March 2026. Total equity was ₹929.72 crore against ₹915.19 crore, borrowings were ₹448.95 crore against ₹425.5 crore, and cash was ₹59.06 crore against ₹109.94 crore.
Trade receivables were ₹386.94 crore at 30 September 2026, compared with ₹322.1 crore at 31 March 2026, while trade payables were ₹112.31 crore against ₹116.2 crore. H1 FY27 operating cash flow was ₹39.6 crore, compared with ₹32.49 crore in H1 FY26; investing cash flow was -₹94.81 crore against -₹22.98 crore, and financing cash flow was ₹1.13 crore against -₹57.5 crore. Capital expenditure was ₹105.85 crore versus ₹23.92 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,816 | 1,739 |
| Total equity | 929.72 | 915.19 |
| Borrowings | 448.95 | 425.50 |
| Cash and equivalents | 59.06 | 109.94 |
| Inventories | 0 | 0 |
| Trade receivables | 386.94 | 322.10 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 39.60 | 32.49 |
| Cash from investing | −94.81 | −22.98 |
| Cash from financing | 1.13 | −57.50 |
| Capital expenditure | 105.85 | 23.92 |
Source: Company's results filing (XBRL).
How has Antony Waste Handling Cell done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters, according to the reported trend data. Revenue increased from ₹242.74 crore in Q3 FY25 to a peak of ₹321.23 crore in Q2 FY27, while the lowest quarterly profit was the net loss of ₹1.73 crore in Q2 FY27; the highest was ₹45.99 crore in Q4 FY25.
The EBITDA margin declined from 22.3% in Q1 FY26 to 16.3% in Q3 FY26, then recovered to 19.9% in Q4 FY26 before falling to 14.3% in Q1 FY27 and rising to 15.3% in Q2 FY27. Net profit was ₹36.9 crore in Q4 FY26, ₹0.75 crore in Q1 FY27 and a net loss of ₹1.73 crore in Q2 FY27.
What else did the company announce?
In a same-day filing, the board approved the appointment of Mr. Durga Prasad Duvvuri, Ms. Sujata Saunik and Ms. Priya Subramanian as additional directors designated as non-executive independent directors for an initial five-year term beginning 12 December 2026. The appointments are subject to shareholder approval.
The company also noted the completion of the tenures of Ajit Kumar Jain, Priya Balasubramanian and Suneet K Maheshwari as independent directors, due to end on 11 December 2026. The filing did not announce a dividend or a fund raise.
What did the auditors point out?
The independent auditor drew attention to uncertainty over the timing of recovery of trade receivables of ~1,946.88 lakhs as at 30 September 2026. The receivables were overdue for a substantial period; management believes they are good and expected to be recovered in due course, and the auditor’s conclusion was not modified.
The auditor also drew attention to pending Income Tax Department assessment proceedings, stating that any adjustment to the financial statement was presently not ascertainable; the conclusion was not modified. The review report was a limited review rather than an audit opinion, and nothing came to the auditor’s attention indicating that the required disclosures were not made or that the statement contained any material misstatement.
Quick answers
What was Antony Waste Handling Cell's revenue in Q2 FY27?
Revenue from operations was ₹321.23 crore, up 24.7% from ₹257.65 crore in Q2 FY26 (consolidated).
Did Antony Waste Handling Cell make a profit in Q2 FY27?
No. It reported a net loss of ₹1.73 crore, against a net profit of ₹17.26 crore in Q2 FY26.
What was Antony Waste Handling Cell's EPS in Q2 FY27?
Basic loss per share was ₹0.64, against ₹4.81 in Q2 FY26.
When did Antony Waste Handling Cell announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting Scheduled On Thursday, November 05, 2026. (BSE, 26 October 2026) · PDF
- Financial Result Q2&F27 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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