Antony Waste revenue hits ₹1,053 cr, but profit slips 9% on cost pressure
Consolidated net profit fell to ₹91.75 crore even as the waste-management company grew top line 13%, pointing to margin erosion.
— 1 earlier story on Antony Waste Handling Cell Ltd. →What's new
- FY26 consolidated revenue grew 13% year-on-year to ₹1,053.19 crore.
- Annual net profit fell about 9% to ₹91.75 crore despite the revenue increase.
- Q4 net profit was ₹36.90 crore on ₹285.77 crore revenue. Board recommended a ₹0.50/share final dividend.
Why this matters
Revenue growth without profit growth is the classic sign of margin compression. For a waste-management company where costs are largely fixed, a 9% profit decline on 13% revenue growth signals that input costs or operational expenses rose faster than the business could pass them on.
What we're watching
- Whether Q4 margin stabilises or worsens relative to the full-year trend.
- Management commentary on input-cost inflation and contract renegotiations.
- FY27 guidance on revenue mix and capital allocation post-dividend.
The full read
Antony Waste Handling Cell grew its top line 13% in FY26 to ₹1,053.19 crore. The bottom line did not follow. Net profit fell to ₹91.75 crore from ₹100.64 crore a year earlier, an ~9% decline. That gap between revenue and profit growth points directly to cost pressure — either higher waste-processing expenses or tighter contract economics. The Q4 numbers (₹36.90 crore profit on ₹285.77 crore revenue) don't yet resolve whether this is a one-quarter squeeze or a full-year trend. The board did recommend a ₹0.50 per share final dividend, maintaining its payout. For a business where revenue is tied to municipal and industrial contracts, the open question is whether Antony Waste can renegotiate terms fast enough to restore the margin it lost this year.
Questions answered
- How much did Antony Waste grow its top line in FY26?
- Consolidated revenue from operations rose 13% year-on-year to ₹1,053.19 crore for the year ended March 31, 2026.
- Why did net profit fall despite higher revenue?
- The filing attributes the decline to increased operational costs or margin compression, though it does not break down the specific cost drivers. The profit fell approximately 9% to ₹91.75 crore from ₹100.64 crore.
- What was the Q4 performance?
- In the fourth quarter, Antony Waste reported consolidated net profit of ₹36.90 crore on revenue of ₹285.77 crore. The filing does not provide a year-on-year comparison for the quarter.
- What dividend did the board recommend?
- The board recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.
Story so far
All notes on AWHCL →- 29 May 2026 · 9:48 PM IST Antony Waste revenue hits ₹1,053 cr, but profit slips 9% on cost pressure
- today Antony Waste's Q4 transcript adds nothing new. The results were already out.