The call ran from 1:31 PM to 2:15 PM IST (44 min).
Key takeaways
Record Q2 revenue ₹321 Cr (+25%) includes ~₹40 Cr one-time escalation; ₹27 Cr ECL and ₹20 Cr exceptional depress margins. Moshi still offline; DSO 114 days.
| Management target | Revenue 20.0% |
|---|
| Revenue growth | Q2 revenue +25% YoY to ₹321 Cr; ~₹40 Cr one-time escalation included. |
|---|---|
| Margins | EBITA margin 17.6% Q2, 17.2% H1; recovery guided FY28-29. |
| Order book | ~₹18,000 Cr order book; no peer or execution ratio given. |
| Demand visibility | Order book ~₹18,000 Cr; pipeline bids, tenders timing post-November. |
| Management confidence | Balanced to over-optimistic; repeatedly calls margin dips 'temporary'. |
Growth
Q2 +25% YoY; H1 +15%. ~₹40 Cr one-time escalation inflates revenue; ~₹27 Cr ECL charge hits opex.
Outlook
Guides ~20% revenue CAGR over 3–5 years; reported EBITA softer from low-margin contract revenue ~₹300 Cr FY28.
Risks
Moshi offline; DSO 114 days; 17.6% margin doesn't reconcile with ₹58 Cr/₹321 Cr; core-EBITA redefinition.
Last quarter's promises, checked
Delivered
- Guided ₹22–24 Cr impairment → ~₹20 Cr exceptional (= BEAT)
Partly delivered
- Guided 6–9% base + 10–15% new growth → H1 +15% (= PARTIAL)
- Guided margin slight improvement from 16.8% → Q2 EBITA 17.6%, not like-for-like (= PARTIAL)
- Guided cost of debt trending lower from 10.1% → ~10% (= PARTIAL)
Missed
- Guided WtE restart Oct 2026 → targeted Dec 2026 (= MISS)
- Guided processing growth via Atkoli/BMC → processing volume -7% (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Antony Waste Handling Cell Q2 FY27 Results: Net Loss of ₹1.7 Cr
Antony Waste Handling Cell Ltd reported revenue from operations of ₹321.2 Cr (+24.6% YoY) and a net loss of ₹1.7 Cr for Q2 FY27.
- Key figure
- Net loss ₹1.7 Cr
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management aims to return to 22-24% EBITDA margins by FY28 as new contracts scale.
Growth they described
Revenue rose 6% to ₹269 Cr; collection and transportation grew 10%, while processing lagged at 3%.
Call details
| Company | Antony Waste Handling Cell Ltd |
|---|---|
| NSE symbol | AWHCL |
| ISIN | INE01BK01022 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 1:30 PM IST |
| Length | 44 min |
| Audio | Our stream on YouTube ↗ |
Antony Waste Handling Cell Ltd: key numbers
- Share price
- ₹304.45
- Market cap
- ₹864.1 Cr
- Revenue (annual)
- ₹1,053 Cr
- Net profit (annual)
- ₹75.45 Cr
- P/E (TTM)
- 20.1×Sector 21.9×
- Promoter holding
- 46.09%+0.00% QoQ
- FII holding
- 10.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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