Antony Waste Handling Cell543254Quarterly results
Board approves Q2 FY27 results; three new Non-Executive Independent Directors from December 12
Board on Nov 5, 2026 approved unaudited standalone and consolidated results for the quarter and half year ended Sep 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 32,122.98 | 25,765.05 | +24.7% | 26,099.07 | +23.1% |
| Total income | 33,032.74 | 26,409.13 | +25.1% | 26,882.64 | +22.9% |
| Profit before tax | (118.74) | 2,017.27 | — | 133.56 | — |
| Profit after tax | (172.83) | 1,726.02 | — | 74.88 | — |
| Total comprehensive income | (68.69) | 1,727.27 | — | 177.34 | — |
| Basic EPS | (0.64) | 4.81 | — | 0.27 | — |
- Total income YoY
- +25.1%
- Period
- 30 September 2026
Also decided at the meeting
- Took note of completion of tenure of Independent Directors Mr. Ajit Kumar Jain, Ms. Priya Balasubramanian and Mr. Suneet K Maheshwari, due to end on December 11, 2026.
- Appointed Mr. Durga Prasad Duvvuri, Ms. Sujata Saunik and Ms. Priya Subramanian as Additional Directors (Non-Executive Independent) for a first term of five years from December 12, 2026, subject to shareholder approval.
Auditor's review
Conclusion: Unmodified
- Emphasis of matter (note 3): uncertainty on timing of recoverability of trade receivables of ₹1,946.88 lakhs from a Municipal Corporation, overdue for a substantial period.
- Emphasis of matter (note 5): Income Tax search of October 2021 and demand orders; adjustment, if any, presently not ascertainable pending assessment outcome.
Notes to the results
- Exceptional loss of ₹1,992.88 lakh recognised for the quarter after a landfill collapse damaged the Pimpri Chinchwad Waste-to-Energy facility of subsidiary Antony Lara Renewable Energy on 8 July 2026.
- Trade receivables include ₹1,500.00 lakhs due from a Municipal Corporation; Supreme Court dismissed its SLP on 5 May 2026; contempt petition shared; considered good.
- Supreme Court stayed Bombay High Court judgment restoring forest status of Kanjurmarg landfill; ALESPL operations continue and no adjustment considered necessary.
The board met on Thursday, November 05, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. It also settled a change in the independent director bench.
Board decisions beyond the numbers
- The tenure of three Independent Directors — Mr. Ajit Kumar Jain (DIN:02011292), Ms. Priya Balasubramaniam (DIN:02446942) and Mr. Suneet K Maheshwari (DIN:00420952) — is to end on December 11, 2026.
- Mr. Durga Prasad Duvvuri (DIN:03230419), Ms. Sujata Saunik (DIN:07817572) and Ms. Priya Subramanian (DIN:07777402) were approved as Additional Directors, designated Non-Executive Independent Directors, for a first term of five consecutive years commencing December 12, 2026.
- These appointments as Independent Directors are subject to the approval of shareholders.
- The meeting commenced at 12:30 p.m. and concluded at 4:45 p.m.
What the auditor said
Walker Chandiok & Co LLP reviewed the consolidated unaudited results under Regulation 33 of the SEBI Listing Regulations. Its conclusion is not modified — nothing came to its attention that causes it to believe the statement contains a material misstatement or misses required disclosure. Two matters were drawn to attention:
- Note 3: trade receivables of ₹1,946.88 lakhs at September 30, 2026, recoverable by the Holding Company from a Municipal Corporation, overdue for a substantial period. After discussion with the municipal authority, management believes the receivables are good and expects them to be recovered in due course.
- Note 5: the search operation carried out by the Income Tax Department in October 2021 and the demand orders received by the Holding Company and one of its subsidiaries thereafter. The adjustment, if any, required in the statement is presently not ascertainable.
- The statement also includes interim financial information of one subsidiary and the Group's share in one associate that has not been reviewed by their auditors; management states this information is not material to the Group. The auditor's conclusion is not modified on this.
The quarter in numbers (consolidated, ₹ in lakhs)
- Revenue from operations: 32,132.08
- Total income: 33,032.74
- Profit before exceptional items and tax: 1,874.14
- Exceptional items (loss): (1,992.88)
- Loss before tax: (118.74)
- Net (loss)/profit for the period: (173.83)
- Basic and diluted EPS: (0.64) each
Read simply: operations at the profit-before-exceptional-items level were positive, the exceptional item of ₹1,992.88 lakhs pulled the pre-tax line into a loss, and the quarter ended with a net loss and a negative EPS.
Balance sheet and cash (consolidated, ₹ in lakhs)
- Total assets: 1,81,595.69 at September 30, 2026
- Total equity: 92,972.15
- Non-current borrowings: 29,857.13; current borrowings: 15,037.82
- Net cash generated from operating activities in the half year: 3,959.52
What a retail reader can take away
- The director change is a scheduled rotation: the outgoing independent directors' tenure ends December 11, 2026 and the incoming set begins December 12, 2026, with shareholders still to approve the appointments.
- The auditor has not qualified the results, but has specifically flagged two items — the large overdue municipal receivable and the income-tax demand matter — which are the points to track in later updates.
- The quarterly bottom line is a loss even though profit before exceptional items and tax was positive of ₹1,874.14 lakhs, because of the exceptional item of ₹1,992.88 lakhs.
3,959.52 lakhsNet cash generated from operating activities, half year ended Sep 30
Profit before tax, year-ago quarter2,017.27 (₹ in lakhs)
Profit after tax, year-ago quarter1,726.02 (₹ in lakhs)
Profit before tax, quarter133.56 (₹ in lakhs)
Profit after tax, quarter74.88 (₹ in lakhs)
Also from Antony Waste Handling Cell
Antony Waste Handling Cell to hold Q2 & H1FY27 earnings call on Friday, November 06, 2026
2 Nov 2026
Corporate guarantee extended to bank for subsidiary's credit facilities
30 Oct 2026
Board meeting on November 05, 2026 to approve unaudited results for Q2 and H1
26 Oct 2026
More numbers
- Revenue from operations, quarter ended Sep 30, 2026 (consolidated)32,132.08 lakhs
- Exceptional items (loss), quarter ended Sep 30, 2026 (consolidated)(1,992.88) lakhs
- Net (loss)/profit for the period, quarter ended Sep 30, 2026 (consolidated)(173.83) lakhs
- Trade receivables overdue from a Municipal Corporation (note 3)1,946.88 lakhs
- First term of new Non-Executive Independent Directorsfive consecutive years
- Net cash generated from operating activities, half year ended Sep 30, 20263,959.52 lakhs
- Total income, latest quarter33,032.74 (₹ in lakhs)
- Total income, year-ago quarter26,409.13 (₹ in lakhs)
- Total income, previous quarter26,882.64 (₹ in lakhs)
- Total comprehensive income, latest quarter(68.69) (₹ in lakhs)
- Total comprehensive income, year-ago quarter1,727.27 (₹ in lakhs)
- Total comprehensive income, previous quarter177.34 (₹ in lakhs)
- Profit after tax, latest quarter(172.83) (₹ in lakhs)
- Profit after tax, year-ago quarter1,726.02 (₹ in lakhs)
- Profit after tax, previous quarter74.88 (₹ in lakhs)
- Revenue from operations, latest quarter32,122.98 (₹ in lakhs)
- Revenue from operations, year-ago quarter25,765.05 (₹ in lakhs)
- Revenue from operations, previous quarter26,099.07 (₹ in lakhs)
- Profit before tax, latest quarter(118.74) (₹ in lakhs)
- Profit before tax, year-ago quarter2,017.27 (₹ in lakhs)
- Profit before tax, previous quarter133.56 (₹ in lakhs)
Source: BSE · 5 Nov 2026
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