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Stock Report
Antony Waste Handling Cell Limited - Q4FY21 operational update
Posted On : 2021-04-16 08:52:44( TIMEZONE : IST )
- For the third consecutive quarter, the economic activity in the regions serviced by Antony Waste Handling Cell Limited has seen a sequential improvement.
- Total operating revenue (tipping revenue from C&T and Waste Processing) has shown a growth of ~4.4% for Q4 FY21 as compared to Q3 FY21. For FY2021, operating revenue has improved by 6.5% YOY, to ~INR 4,419.0 million from INR 4,150.0 million last year.
- Total tonnage handled by the Collection & Transportation business (excluding those projects with fixed shifts/trips) in Q4 FY21 has reported ~2.1% growth over Q3 FY21.
- For FY21, total tonnage handled (excluding those projects with fixed shifts/trips), stood at 1.29 million tons, down 4.1% YOY - weighed by lower tonnage amid the COVID-19 pandemic. Tonnage collected from continuing projects (12-month of operations in FY20) declined by ~16% YOY, weighed by covid related business-lockdowns. And these were offset by tonnage reported from new projects which included Nagpur and Pimpri-Chinchwad.
- Additionally, total waste processed by the Company, during Q4 FY21, has improved by ~2.9% as compared to Q3 FY21. For FY21, the total waste processed stood at 2.06 million tons, down ~2.4% on a YOY basis, in a year which witnessed significant decline in commercial activities in H1 FY21.
- Total compost sales during Q4 FY21 stood at 4,834 tons as compared to 2,291 tons in Q3 FY21. For FY21, total compost sales stood at 11,160 tons versus 5,543 tons in the previous year.
The above information is subject to a limited review by the management team.
Despite the uncertainty surrounding the recent surge in COVID-19 cases, we notice a resilience in the economic activity. The Company has ensured vaccination for its frontline working staff with a view to give them better immunity and is also in a continuous process of tweaking its operations, to re-align its resources and control costs, all steps aimed at maintaining its operational margin.
