Antony Waste Shares Jump 10% on ₹329 Cr Thane Contract – Investor Takeaway

Antony Waste Handling Cell's shares surged more than 10% after its subsidiary landed a big waste‑management deal with Thane Municipal Corporation.

Key Highlights

• Share price rose 10.28% to ₹548.15.
• Stock up 28% in the last five sessions and over 20% in the past month.
• New contract worth ₹329.45 crore for a 600‑800 TPD pre‑processing plant.
• Project capital expense estimated at ₹67 crore, reimbursable by the municipality.
• Q2 FY26 revenue grew 16% YoY to ₹233 crore; EBITDA up 18% to ₹57 crore.

Details of the Thane Contract

Antony Lara Enviro Solutions, a subsidiary, was awarded a Design‑Build‑Operate‑Transfer (DBOT) contract to set up a solid‑waste pre‑processing plant at Atkoli, Taluka Bhiwandi. The plant will handle 600‑800 tonnes of waste per day and include a Material Recovery Facility (MRF) to sort mixed waste.

The 10‑year project will be built on land owned by Thane Municipal Corporation. The municipality will pay back the estimated ₹67 crore capital cost as the project meets agreed milestones.

Recent Financial Performance

In the second quarter of FY26, Antony Waste reported:

• Total operating revenue: ₹233 crore (16% higher YoY).
• EBITDA: ₹57 crore (18% higher YoY) with a margin of 21.6%.
• Profit after tax: ₹17.3 crore (13% higher YoY).

The growth reflects better operational efficiency, higher waste‑processing volumes, and contract escalations.

What This Means for Investors

The new Thane contract adds a sizable revenue stream and showcases the company's ability to win large municipal projects. Combined with recent earnings growth, the deal could support continued stock upside if the project stays on schedule.

Disclaimer

Remember, this is perspective, not a prediction. Do your own research or consult a financial advisor before making any investment decisions.