Antony Waste share price jumps 10% after bagging ₹330-crore order. Do you own?

Antony Waste Handling Cell share price jumped 10.28% to ₹548.15 apiece in Tuesday's trading session after the company's subsidiary secured a new order from Thane Municipal Corporation (TMC).

This is the second major order won by the company within a week, further strengthening its order book and boosting investor confidence in the stock. A robust order book not only signals a higher revenue potential but is also a testament to the strong operational execution capabilities of a company.

Antony Waste shares have seen strong traction lately, having risen 28.21% in the past five trading sessions and over 20% in a month.

Antony Waste new order details

In an exchange filing, Antony Waste said that its subsidiary Antony Lara Enviro Solutions has been awarded a pre-processing waste management contract by the Thane Municipal Corporation, worth ₹329.45 crore.

The contract involves the establishment of a 600–800 TPD solid waste pre-processing plant on a design, build, operate and transfer (DBOT) basis on land owned by Thane Municipal Corporation at Atkoli, Taluka Bhiwandi.

According to the filing, the scope of work includes the setting up of a Material Recovery Facility (MRF) for segregation of mixed solid waste, encompassing design, engineering, construction, commissioning, and comprehensive operation and maintenance of the facility for a period of 10 years.

The total project capital expenditure is estimated at ₹67 crore, which shall be reimbursed by TMC upon achievement of prescribed milestones, in accordance with the terms and conditions of the tender document.

“We are pleased to secure the pre-processing waste management project, which represents a meaningful step in the continued expansion of our long-term municipal infrastructure portfolio. Building on our established C&T operations, this project further strengthens our relationship with Thane Municipal Authority, reflecting the trust placed in our execution capabilities and operational track record," said Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited.

The company is one of the known players in the Indian Municipal Solid Waste Management industry with an established track record of more than two decades, providing a full spectrum of MSW services, which includes solid waste collection, transportation, processing and disposal services across India, majorly catering to municipalities.

Earlier this month, on December 17, the company announced receiving two large-scale collection and transportation contracts, which had resulted in a sharp spike in its shares.

The contracts were awarded by the Brihanmumbai Municipal Corporation (BMC) to a consortium/joint venture comprising AG Enviro Infra Projects Private Limited, a subsidiary of the company, Jigar Transport Company and MK Enterprises.

The combined value of these contracts is worth ₹1,330 crore, with the two contracts individually valued at ₹684 crore and ₹646 crore, providing stable long-term revenue visibility over a seven-year tenure.

Antony Waste Q2 results 2025

The company reported a 16% year-on-year rise in total operating revenue to ₹233 crore in Q2FY26, underscoring strong execution and effective market positioning.

Meanwhile, EBITDA for the quarter stood at ₹57 crore, up 18% from last year, with margins improving to 21.6%.

Profit after tax increased by 13% year-on-year to ₹17.3 crore. Jacob said that the solid performance to improved operational efficiencies and higher throughput, supported by increased volumes and contract escalations.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.