Antony Waste Handling Cell operating revenue rises 22% yoy in Q3FY22; Stock jumps 2%

11 Jan 2022 , 01:24 PM

Antony Waste Handling Cell announced that the total Operating Revenue (tipping revenue from C&T, Mechanical Power Sweeping and Waste Processing) for Q3FY22 has improved by approximately 22% YoY, and on a sequential basis, has remained stable.

The company announced that total tonnage handled by the Collection & Transportation Business (excluding those projects with fixed shifts/trips/households) in Q3 FY22 has reported around 13% growth over YoY and around 3% growth sequentially, while total waste processed by the Company during Q3 FY22, has improved by around 6% YoY and around 4% sequentially.

Total compost sales during Q3 FY22 stood at 3,144 tons as compared to 2,908 tons in Q2 FY22 and 2,291 tons in Q3 FY21.

In its regulatory filing, Antony Waste said that “with the new variant of COVID-19, Omicron spreading across the country, there have been mixed reports on the impact of the same on businesses. It is too early for us to estimate the impact of this variant on the tonnage that is getting generated from commercial activities in the cities that we provide our services. For now, we have not seen much impact of waste from the residential zones.”

At around 1.22 pm, the company’s stock was trading at Rs334 per piece up by 1.9% on Sensex.