Commercial Services company Antony Waste Handling Cell announced Q3FY25 results Total Operating Revenue of Rs 221 crore; YoY growth of 15% EBITDA of Rs 59 crore; YoY growth of 18% EBITDA margins for Q3FY25 stood at 24%; an improvement of ~120 bps YoY Sales of Refuse Derived Fuel (“RDF”) for Q3FY25 stood at ~38,500 tonnes Sales of Compost increased to ~6,400 tonnes for Q3FY25 Jose Jacob, Chairman & Managing Director: "We are pleased to report a strong quarter, with operating revenue registering a growth of 15% year-over-year, bringing our core revenue to Rs 221 crore. Key drivers included higher volumes, better compost/RDF revenues, increased tipping fees (adjusted for inflation), and greater green energy generation from WtE. We achieved an 18% year-over-year growth in our EBITDA, reaching Rs 59 crore, with a 120-basis point improvement in the EBITDA margin, which now stands at 23.5%. The standalone Company’s performance during the quarter has been weak and this is primarily because Antony Waste had initially submitted bids for various projects and executed them through multiple SPVs, as mandated by tender conditions. Over time, due to the operational excellence of these SPVs and evolving technical qualification criteria, projects began to be awarded directly to material subsidiaries. As newer contracts are now received directly by the material subsidiary companies, it is more appropriate to assess the Company's performance on a consolidated basis. Additionally, we are actively working to optimize our operations and streamline our group structure to enhance overall efficiency and sustainability.” Adding to this, Jose Jacob highlighted, “During the quarter, the PCMC Waste-to-Energy Plant achieved an impressive PLF of around 76%, setting a new benchmark for the industry. This along with innovations in utilizing end-of-life plastics for road construction, a collaborative project with IIT Bombay, enhances our ability to leverage cutting-edge technology and research initiatives. Furthermore, the recent project re-win in Navi Mumbai strengthens our position and has replenished our order book.” Result PDF