Antony Waste Q1 FY27: Revenue up, profit sinks 97%
Indian waste management firm posts first-quarter revenue growth but net profit collapses amid rising costs and one-off expenses.
Antony Waste Handling Company Ltd. reported a 97% year-over-year decline in net profit for the June quarter, despite a 12% rise in revenue to ₹1.15 billion ($13.6 million).
The Mumbai-based waste management company attributed the profit plunge to higher fuel costs, increased operational expenses and one-time charges, including a ₹30 million provision for litigation. Revenue growth was driven by higher waste collection volumes and tariff adjustments, the company said in its first-quarter earnings presentation.
Net profit fell to ₹4.2 million from ₹137.8 million in the same period last year, while operating profit margin narrowed to 1.8% from 15.2%. Earnings before interest, taxes, depreciation and amortization (EBITDA) declined 88% to ₹20.9 million.
Antony Waste operates municipal solid waste management contracts across several Indian states and has expanded its portfolio in recent quarters. The company did not provide updated guidance for the fiscal year ending March 2027.
Shares of Antony Waste were down 2.1% in early trading on Tuesday, underperforming the broader Indian market.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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