Remember when “cleanliness drives” meant a broom and a camera crew? Antony Waste just made it into a ₹3,200 crore business plan. With two new Waste-to-Energy (WTE) projects and enough garbage tonnage to fill Eden Gardens, the company’s literally monetizing trash while preaching sustainability. Somewhere, Swachh Bharat just got a corporate facelift. The management called it “disciplined execution and operational agility.” We call it making filth fashionable. 💅
Read on—because between waste, watts, and witty CFO quips, this call was anything but rubbish.
At a Glance
Revenue up 16% – Trash pays well; ₹233 crores worth this quarter.
EBITDA grew 18% – The compactor squeezed extra juice despite longer monsoons.
EBITDA Margin at 22% – Efficiency with an aftertaste of mud.
PAT up 13% – Profit refused to be dumped.
Net Debt ₹343 crores (0.4x D/E) – Not bad for a business built on other people’s leftovers.
Order Book ₹12,500 crores – Garbage pipeline stronger than most infra companies.
Management’s Key Commentary
“We once again delivered strong and consistent performance.” (Translation: Even the rain couldn’t wash away our margins.)
“Two new WTE projects worth ₹3,200 crores show our leadership.” (Translation: We’ve turned trash into an annuity stream. 💰)
“We collected 60 metric tons of single-use plastic during ICC matches.” (Translation: Cricket’s waste management MVP isn’t Kohli. 🏏)
“WTE plant generated 41 million green units in Q2.” (Translation: Garbage now literally powers homes.)
“Receivables stable at 114 days.” (Translation: Municipalities still take their sweet time paying up.)
“ROCE, ROE are soft due to capex buildup.” (Translation: We’ve spent the money; profits will follow… eventually. 😏)
“Net debt to equity 0.4x, cost of debt 9.4%.” (Translation: Bankers don’t think we’re trashy anymore.)
“We’re exploring vehicle scrapping and tire recycling.” (Translation: If it’s junk, we’ll monetize it.)
