Antony Waste Handling logs 19% yoy revenue growth at Rs156 crore in Q1FY23

12 Aug 2022 , 09:19 AM

Antony Waste Handling Cell Limited (AWHCL), leading player in the Indian Municipal Solid Waste Management industry has announced its financial results for the quarter ended June 30, 2022.

• Record high Total Operating Revenue of Rs156 crore; YoY growth of 19% 
• EBITDA of Rs49 crore, YoY growth of 17%
• EBITDA Margin of 20.3%

Operational Key Highlights

• Q1FY23 recorded highest ever quarterly operating revenue of Rs156 crore up by 19% yoy reflecting an increase in tonnages handled and processed of around 1.05 million tons which is up 17.0% yoy. The growth in volumes tracks the economic activities which has improved across all regions where the Company provides services.
• During the quarter, a sharp increase in operations at our biomining project in GNIDA drove an 18% y-o-y increase in processing volume, with 0.65 million tons processed.
• Total tonnage handled by the C&T business (excluding those projects with fixed shifts/trips/household units) increased by around 16% in Q1FY23 compared to Q1FY22, with a total of 0.40 million tons handled in Q1FY23.
• Total compost sales were 4,406 tonnes in Q1FY23, up from 3,339 tonnes in Q4FY22, a 32% increase due to seasonal factors. Compost sales were lower by 9% yoy due to delays in offtakes from our clients. The same is expected to be remedied in subsequent quarters. 
• MSW C&T sales are up by 21% to Rs115 crore in Q1FY23 as compared to Rs95 crore in Q1FY22
• MSW Processing sales are up by 14% at Rs41 crore in Q1FY23 as compared to Rs36 crore in Q1FY22

New order wins during the year

The company has secured a 5-year C&T contract for two zones, Panchavati and Satpur in the city of Nashik. The project will handle approx. 240 tons per day of Municipal waste. The Company expects the project to begin operations on or before September 30, 2022.

On Friday early morning trade, Antony Waste Handling was trading at Rs326.70 per share lower by 2.56% on the BSE.