Antony Waste grew revenue 13%. Profit fell 9% anyway.
FY26 consolidated revenue hit ₹1,053.19 crore. Net profit dropped to ₹91.75 crore as costs outpaced the top-line gain.
What's new
- FY26 consolidated revenue grew 13% to ₹1,053.19 crore.
- Net profit for the year fell 9% to ₹91.75 crore.
- Q4 net profit was ₹36.90 crore on revenue of ₹285.77 crore.
Why this matters
This is a margin problem, not a revenue problem. The company grew its top line at a respectable pace, but profit went backward. Higher costs ate the gains. The routine dividend is no cause for alarm, but the profit miss on a growth year will force a reassessment of Antony Waste's cost structure.
What we're watching
- Whether management's concall explains the specific cost pressures.
- Analyst revisions to FY27 margin and earnings estimates.
- Any change in the dividend payout ratio in coming years.
The full read
Antony Waste Handling Cell grew consolidated revenue by 13% to ₹1,053.19 crore in FY26. Its profit went the other way. Net profit slipped 9% to ₹91.75 crore from ₹100.64 crore the year prior. Costs rose faster than sales. For the fourth quarter, the company reported ₹285.77 crore in revenue and ₹36.90 crore in profit. The board maintained its dividend at ₹0.50 per share. The story here is simple: a strong revenue year was undone by margin pressure. Antony Waste is working harder for less.
Questions answered
- Why did profit fall even as revenue grew 13%?
- Costs or expenses rose faster than revenue. The 9% profit decline on 13% revenue growth means the company's margin contracted for the year.
- What were the fourth-quarter numbers?
- In Q4, Antony Waste reported consolidated revenue of ₹285.77 crore and a net profit of ₹36.90 crore. The filing did not provide a quarterly profit comparison.
- What is the dividend plan?
- The board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval. It's described as a routine payout.