Antony Waste reports strong Q2FY26 growth, driven by waste-to-resource sales

Antony Waste Handling Cell Limited reported a total operating revenue of ₹232.5 crore for Q2FY26, a 16% year-over-year increase, with H1FY26 showing 15% growth to ₹456.2 crore. The company's EBITDA for Q2FY26 rose 18% to ₹57.1 crore, contributing to an EBITDA margin of 21.6%. Profit After Tax (PAT) for the quarter was ₹17.3 crore, an increase of 13% compared to Q2FY25.

This strong performance was driven by increased sales of Refuse Derived Fuel (RDF), which reached approximately 40,081 tonnes in Q2FY26 and 95,820 tonnes for H1FY26. Compost sales also contributed, totaling around 3,251 tonnes in Q2FY26 and 9,858 tonnes for the first half of the fiscal year, underscoring the company's sustained progress in waste-to-resource conversion.

In strategic developments, subsidiary Antony Lara Enviro Solutions Private Limited secured two Waste-to-Energy projects in Andhra Pradesh, each approximately 15 MW, valued at around ₹3,200 crore over a 20-year concession period. Additionally, the proposed merger between AG Enviro and the publicly listed holding company is in its final stages, with the Joint Company Scheme Petition admitted by the NCLT.