Antony Waste Handling Cell reported resilient Q2 FY27 performance with 1.28 million tonnes managed, despite the suspension of energy operations at its PCMC plant following a tragic incident. While processing volumes dipped due to the site closure, its core collection and transportation business grew 11.5%. Management expects the PCMC waste-to-energy facility to resume operations by December 2026.
Antony Waste Handling Reports Resilience Amidst PCMC Facility Challenges
Total Tonnage Managed: ~1.28 million tonnes | PCMC Facility Restoration: December 2026 expected
Reader Takeaway: Robust C&T segment growth balances the revenue loss from suspended waste-to-energy operations following the July incident.
What just happened
Antony Waste Handling Cell posted its Q2 FY27 operational results, reporting a total managed tonnage of 1.28 million tonnes, a marginal 0.8% change year-on-year. The company successfully navigated a challenging quarter marked by monsoon impacts and the complete suspension of energy generation at its PCMC waste-to-energy facility.
Why this matters
The PCMC site was the site of a tragic incident on July 8, 2026, where a landfill collapse caused structural damage and the loss of nine lives. The resulting suspension of energy operations created a headwind for the company's financials. However, the core Collection and Transportation (C&T) business showed resilience, growing by 11.5% in volume, which helped cushion the impact of the facility outage.
The backstory
The PCMC facility, operated by subsidiary Antony Lara Renewable Energy Private Limited, is currently under inspection and repair. While power generation ceased during the quarter compared to 14.0 million units in the same period last year, the company has successfully resumed Material Recovery Facility (MRF) and composting operations at the site.
What changes now
The company is coordinating with Original Equipment Manufacturers (OEMs) to recommission the plant. The market will closely track the December 2026 timeline for the restoration of energy operations. Meanwhile, performance is being driven by new operations awarded by the BMC and increased volumes in Navi Mumbai, Panvel, and Noida.
Risks to watch
Investors should monitor the potential for further regulatory or insurance-related implications arising from the July incident. Additionally, the ability to meet the December 2026 restoration target remains a critical operational milestone.
Context metrics
For the first half of the fiscal year (H1 FY27), the company managed 2.71 million tonnes of waste, reflecting a 4.5% year-on-year growth. Core revenue, excluding the impact of power sales, grew approximately 3.8% for the half-year period.