Antony Waste Concall February 2025: Key Updates and Insights
Financial Performance
Antony Waste Handling Cell Ltd recorded its highest-ever quarterly revenue of ₹221 crores in Q3 FY25, reflecting a 15% growth compared to last year.
- The total operating revenue, including recyclables and RDF but excluding contract revenue, reached ₹243 crores, showing a 12% increase YoY.
- The Collection & Transportation (C&T) segment saw an 18% rise, totaling ₹163 crores.
- The processing business revenue grew by 9% to ₹58 crores, driven by power sales from the PCMC waste-to-energy (WTE) plant and contributions from the CIDCO bio-mining project.
- EBITDA stood at ₹59 crores, up by 18%, with a 24% margin, improving by 120 basis points YoY.
- Net profit (PAT) reached ₹18 crores, marking a 16% increase YoY.
Operational Highlights
- The PCMC WTE plant performed well with a 77% Plant Load Factor (PLF) in Q3 FY25, an increase from 71% last year.
- The company handled 0.49 million tons of waste and processed 0.69 million tons of municipal solid waste, totaling 1.18 million tons, up 3.2% YoY.
- Sales for the quarter:
- 38,500 tons of RDF
- 6,400 tons of compost
- Total for FY25 so far:
- 1,03,000 tons of RDF
- 16,600 tons of compost
New Contracts and Projects
- Launched a Construction and Demolition (C&D) waste management project, which is expected to bring significant revenue.
Sustainability and ESG Initiatives
- The PCMC WTE plant generated 23 million green energy units in Q3 FY25, reducing reliance on fossil fuels.
- 10,172 tons of emissions avoided, contributing to sustainability goals.
- Dahisar plant in Mumbai achieved a 96% recycling rate for 20,000 tons of C&D waste.
Debt and Financial Health
- Gross debt: ₹431 crores
- Cash and cash equivalents: ₹65 crores
- Net debt: ₹366 crores
- Net debt-to-equity ratio: 0.5x
- Weighted cost of debt: 9.6%
Challenges and Strategic Outlook
- Performance at the standalone level was impacted due to multiple projects being executed through various SPVs.
- The company is working on consolidating performance assessment for better results.
- Management is optimistic about growth, focusing on operational efficiency and successful project launches.
- Expects steady revenue growth in the coming quarters, aiming for a 25% CAGR over the next 3-5 years.
Market Trends and Future Plans
- Revenue mix is shifting towards core operating revenue, improving margins as project revenues decline.
- The company is working on reducing reliance on municipal contracts and is exploring opportunities in non-municipal sectors such as tire recycling and plastic waste management.
FAQs
What is Antony Waste’s Q3 FY25 revenue growth?
The company recorded a 15% YoY growth, reaching ₹221 crores in Q3 FY25.
What is the status of the PCMC WTE plant?
It operated at a 77% PLF in Q3 FY25, up from 71% last year.
What are the new projects undertaken by Antony Waste?
The company has secured a ₹976 crore contract with Navi Mumbai Municipal Corporation and launched a C&D waste management project.
How is Antony Waste contributing to sustainability?
It generated 23 million green energy units and avoided 10,172 tons of emissions in Q3 FY25.
Antony Waste Handling Cell Ltd continues to expand its operations and drive growth through new projects, sustainability initiatives, and strategic market expansion.
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I’m Rahul Chaudhary, and I write about everything related to the Share Market. From Stock Trends and Share Prices to the Latest News and IPO Updates, my articles aim to provide you with valuable insights to help you navigate the world of investing. Stay tuned for expert tips and updates to keep you informed!
