Antony Waste Handling Cell Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

Antony Waste Handling Cell will hold a meeting of the Board of Directors of the Company on 9 November 2024.

Powered by Capital Market - Live News

The headline equity indices traded near the flat line with some negative bias in mid-afternoon trade. The Nifty traded near the 25,050 mark. Pharma shares extended losses for the second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, was down 30.55 points or 0.03% to 81,547.06. The Nifty 50 index shed 7 points or 0.03% to 25,050.35.

In the broader market, the S&P BSE Mid-Cap index fell 0.10% and the S&P BSE Small-Cap index rose 0.06%.

The market breadth was negative. On the BSE, 1,948 shares rose and 1,967 shares fell. A total of 108 shares were unchanged.

Buzzing Index:

The Nifty Pharma index fell 0.65% to 23,403.50. The index declined 1.67% in two trading sessions.

Zydus Lifesciences (down 4.44%), Ipca Laboratories (down 3.48%), Lupin (down 2.62%), Alkem Laboratories (down 2.34%), Biocon (down 1.9%), Mankind Pharma (down 1.69%), Glenmark Pharmaceuticals (down 1.17%), Laurus Labs (down 1.14%), Cipla (down 0.8%) and J B Chemicals & Pharmaceuticals (down 0.65%) edged lower.

On the other hand, Dr Reddy's Laboratories (up 1.5%), Ajanta Pharma (up 0.91%) and Granules India (up 0.73%) edged higher.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.60% to 6.877 as compared with previous close 6.880.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.0475, compared with its close of 84.0425 during the previous trading session.

MCX Gold futures for 5 December 2024 settlement rose 0.44% to Rs 76,697.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.12% to 103.39.

The United States 10-year bond yield slipped 0.62% to 4.010.

In the commodities market, Brent crude for November 2024 settlement lost 13 cents or 0.18% to $74.12 a barrel.

Stocks in spotlight:

Antony Waste Handling Cell rallied 5.20% after the company informed that it has reported continued and consistent performance in Q2 & H1 FY25.

Strides Pharma Science jumped 4.35% after the firm said that its associate company, OneSource Specialty Pharma received commitment for raising Rs 801 crore ($95 million) from investors, in the pre-listing round.

Powered by Capital Market - Live News

In second quarter of FY25, the collection & transportation (C&T) operation handled a record-breaking total of 0.49 million tonnes. The combined tonnage for C&T and processing reached 1.19 million tonnes, up 4% YoY. The organic growth (excluding expired contracts) in volumes handled rose by 6.9% YoY.

For the first half of FY25, the total MSW volume managed was 2.38 million tonnes, which, after adjusting for expired and completed projects, represents a 6.8% YoY increase.

During the quarter, the company successfully sold 30,500 tonnes of refuse derived fuel (RDF) and 4,000 tonnes of compost. For the first half of FY25, these figures reached 64,750 tonnes and 10,200 tonnes, respectively, reflecting YoY growth rates of 13.8% and over 100%.

Meanwhile, the company’s wholly owned subsidiary, AG Enviro Infra Projects, recured a Rs 908-crore collections and transportation (C&T) contract from the Navi Mumbai Municipal Corporation (NMMC) for the third consecutive term.

Furthermore, the PCMC Waste-to-Energy (WtE) plant completed its scheduled maintenance in Q2 FY25. The plant has achieved a plant load factor (PLF) of 71% since its commissioning on 7 October 2023.

Antony Waste Handling Cell is leading player in the Indian Municipal Solid Waste Management industry with an established track record of more than two decades, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across India, majorly catering to municipalities.

The company’s consolidated net profit declined 4.2% to Rs 17.51 crore in Q1 FY25 as against Rs 18.27 crore posted in Q1 FY24. Net sales stood at Rs 226.97 crore in Q1 FY25, up 2.2% year on year.

Powered by Capital Market - Live News

The project entails collection & transportation (C&T) of municipal solid waste (MSW) and related allied works in NMMC. The contract is to be executed for 9 years, with an estimated value of approximately Rs 908 crore.

This milestone marks a significant step forward in company’s collaborative efforts with NMMC to improve waste management services in Navi Mumbai, the firm added.

Jose Jacob, chairman & MD of Antony Waste Handling Cell said, “We are thrilled to share that we have secured a Rs 908 crore contract for C&T services from NMMC, for a concession period of nine years. Our partnership with NMMC, which has flourished over the past 15 years, has been centered 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 leading player in the Indian Municipal Solid Waste Management industry with an established track record of more than two decades, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across India, majorly catering to municipalities.

The company’s consolidated net profit declined 4.2% to Rs 17.51 crore in Q1 FY25 as against Rs 18.27 crore posted in Q1 FY24. Net sales stood at Rs 226.97 crore in Q1 FY25, up 2.2% year on year.

Powered by Capital Market - Live News