Q3 2025 Antony Waste Handling Cell Ltd Earnings Call Transcript
Key Points
- Antony Waste Handling Cell Ltd (BOM:543254) achieved a record high quarterly operating revenue of INR221 crore, marking a 15% growth compared to the same period last year.
- The company's EBITDA for the quarter stood at INR59 crore, reflecting an 18% growth with an EBITDA margin of 24%, expanding by 120 basis points year over year.
- The PCMC waste-to-energy plant improved its efficiency, achieving a plant load factor of about 77% in Q3 FY25, setting a benchmark in line with global industry standards.
- The company has been awarded a significant contract worth INR976 crore by the Navi Mumbai Municipal Corporation, which will strengthen its financial position.
- Antony Waste Handling Cell Ltd's construction and demolition waste management site has started yielding impressive results, highlighting significant market potential and growth opportunities.
- The standalone company's performance during the quarter was weak due to projects being executed through multiple SPVs, affecting overall efficiency.
- The company's net debt stood at INR366 crore, with a net debt to equity ratio of 0.5x, indicating a significant level of leverage.
- There is a dependency on municipal contracts, which the company is trying to reduce by exploring non-municipal business opportunities.
- The company is awaiting approvals for its EPR application, which could impact future revenue streams from plastic waste management.
- The proposed waste-to-energy plant at Kanjurmarg involves a substantial capital expenditure, which could increase the company's debt burden.
Ladies and gentlemen, good day and welcome to the Q3 FY25 Antony Waste Handling Cell Limited conference call. We would like to mention that this conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call.
These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions)
I now hand the conference over to Mr. Jose Jacob, Chairman and Managing Director of Antony Waste Handling Cell Limited. Thank you, and over to you, sir.
Good afternoon and thank you for joining us for our Q3 FY25 earning conference call. With me, I have Mr. Mahendra Ananthula, our Group President Operation Business Development and Diversification; Mr. Subramanian, our Group CFO and SGA, our Investor Relations Advisors.
Our industrial presentation of Q3 FY25 is now available
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