Antony Waste Handling Cell soars as its arm secures contract worth ₹908 crore

Commenting on the contract award, Jose Jacob, Chairman & Managing Director, said,“We are thrilled to share that we have secured a ₹908 Crore contract for Collection & Transportation (C&T) services from Navi Mumbai Municipal Corporation (NMMC), for a concession period of nine years. Our partnership with NMMC, which has flourished over the past 15 years, has been centred on delivering innovative solutions tailored to the city’s evolving needs. Our collaborative efforts have consistently helped NMMC achieve the top ranking in the Swachh Bharat within the category, underscoring our dedication to excellence. This accomplishment not only solidifies our relationship with NMMC but also reinforces our pledge to foster sustainable growth in Navi Mumbai.

Antony Waste Handling Cell is one of the top five players in the Indian MSW (municipal solid waste) management industry. With an established track record of many years, it provides a full spectrum of MSW services.

The company reported marginal improvement in the sales for Q1FY25 at ₹227 crore as against ₹222 crore in the previous year's similar quarter. On the operational front the company reported operating profit of ₹49 crore as compared to ₹47 crore in Q1FY24. Lastly the net profit for the quarter declined by 10% to ₹21 crore as compared to ₹23 crore in the previous year similar period.

Following the announement shares of Antony Waste Handling Cell jumped over 7% on Monday morning at ₹761 apiece on the NSE. The shares have delivered strong 46% returns in 2024 on a YTD basis.