- Handled 1.2 million tons of waste in Q1 FY24, representing a 14% YoY increase.
- Bid for a large C&T contract in North India and bio-mining tenders in South India, expecting positive outcomes.
- Future Outlook: Revenue growth for FY24 is expected to be around 18% in core operations. Anticipates EBITDA margins of 23% to 25% going forward. Pimpri Chinchwad waste to energy plant will generate 65 cr revenues annually. Contract revenues are estimated to be around INR32 crores for the remaining three quarters of the year. Finance costs and depreciation expected to increase due to the waste-to-energy plant, starting from Q3 and Q4.
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