Key Takeaways from the Financial Performance

• The company's net profit for Q2 FY25 dropped by 51.4% year-over-year, from ₹31.51 crore in Q2 FY24 to ₹15.32 crore.
• The subdued earnings report led to a 6% decline in Antony Waste's share price on November 12, 2024, as investor confidence weakened.
• Marginal Revenue Decrease: Revenue from operations saw a slight drop, indicating challenges in revenue growth despite sustained market presence.

Revenue from Operations for Q2 FY25 of Antony Waste came in at ₹221.24 crore, which reflected little growth. Total Income stood at ₹227.18 crore against ₹229.61 crore in the same quarter last year. Operational expenses like Project Expenses had improved to ₹5.90 crore. Finance Costs also skyrocketed with a jump to ₹12.28 crore in Q2 FY25 compared to ₹6.87 crore in Q2 FY24.

Profitability was impacted as PBT declined 50.3% to ₹19.11 crore as against ₹38.46 crore in Q2 FY24, while Net Profit slid 51.4% year-over-year to ₹15.32 crore compared with ₹31.51 crore. Also, Increased Employee Benefits and Depreciation Expenses compressed margins

About Antony Waste Handling Cell Limited

Antony Waste Handling Cell Limited is one of the leading municipal solid waste management service companies in India. The company boasts a ubiquitous presence and provides all services under one roof: collection, transportation, processing, and disposal of solid waste. AWHCL has been in existence for over two decades and has been aptly recognised as the pioneer in this business, operating Asia's largest single-location waste processing plant at Kanjurmarg, Mumbai.

Key Takeaways from the Partnership

• OnMobile, together with DeOSphere, is expanding its network capabilities in gaming and AI worldwide, strengthening its position for streaming and edge computing services.
• The infrastructure will support a near-zero latency alongside much-improved processing power as it aims to bring the contents all over the globe.
• DeOSphere will lease 30 POPs from OnMobile to strengthen the infrastructure for future services and partnerships.

The collaboration will feature an embedding of DeOSphere's OS in OnMobile's network, thereby circumventing traditional device operating systems and cloud computing for better processing. This edge network will focus on global content like games, movies, and AI applications, with near-zero latency, which benefits game studios, developers, and users. DeOSphere will lease a minimum of 30 points of presence from OnMobile, which will unlock new revenue streams for the firm while also improving network operations efficiency.

Bikram Singh Sherawat, President & COO of OnMobile, expressed excitement about the venture, highlighting the transformative streaming capabilities and industry benefits of the partnership. Orlando Bayter, CEO of DeOSphere, emphasised that the DeOSphere Edge will revolutionise the operation of games, movies, and AI applications worldwide.

About OnMobile

OnMobile Global Limited, headquartered in Bangalore, India, is a leading provider of mobile gaming and entertainment, operating in 69 countries with a global user base of over 69 million. OnMobile focuses on customer-centric gaming and digital content, with offerings spanning videos, tones, and contests, supported by more than 120 clients worldwide. 

About DeOSphere

DeOSphere leads in edge gaming and AI networks, delivering high-performance GPU and edge computing solutions worldwide. Its DeOSphere Edge platform integrates real-time streaming and a decentralised operating system to enhance interactive applications with minimal latency. DeOSphere partners with global leaders in gaming, entertainment, telecom, and data services. 

Key Takeaways from the Acquisition

• Surana Solar Limited acquired Surana Technologies Private Limited to expand in solar energy products and project management.
• The acquisition supports Surana Solar’s mission to reinforce its footprint in the renewable energy industry.
• Surana Technologies will enable Surana Solar to diversify its offerings and capabilities in solar energy solutions.

The acquisition aligns with Surana Solar’s vision to expand its operations in solar energy products and project execution.

Surana Technologies, incorporated in November 2023, is positioned to focus on the trading, distribution, supply, generation, transmission, and manufacture of solar energy-related products. The acquisition aims to strengthen Surana Solar's capacity to execute various solar projects, thereby broadening the company’s operational capabilities in the renewable energy sector.

The transaction, valued at ₹1 lakh in cash consideration, solidifies Surana Solar’s strategic intent to enhance its market presence in the solar energy space. Surana Technologies, with authorised, subscribed, and paid-up capital of ₹1 lakh, operates from Telangana and is now fully integrated into the Surana Group’s renewable energy initiatives.

About Surana Solar Limited

Surana Solar Ltd. was established in the year 2006 as a part of the Surana Group, which engages in the production of solar photovoltaic modules, the generation of power both by wind and solar sources, and trading in solar-related products. EPC of power projects on a turnkey basis, in the range of 1 MW to 15 MW, is mainly engaged with. The company provides open-area photovoltaic power plants, whether grid-connected or off-grid, to the renewable energy sector.

Key Takeaways from the Financial Performance

• The company's net profit for Q2 FY25 dropped by 51.4% year-over-year, from ₹31.51 crore in Q2 FY24 to ₹15.32 crore.
• The subdued earnings report led to a 6% decline in Antony Waste's share price on November 12, 2024, as investor confidence weakened.
• Marginal Revenue Decrease: Revenue from operations saw a slight drop, indicating challenges in revenue growth despite sustained market presence.

Revenue from Operations for Q2 FY25 of Antony Waste came in at ₹221.24 crore, which reflected little growth. Total Income stood at ₹227.18 crore against ₹229.61 crore in the same quarter last year. Operational expenses like Project Expenses had improved to ₹5.90 crore. Finance Costs also skyrocketed with a jump to ₹12.28 crore in Q2 FY25 compared to ₹6.87 crore in Q2 FY24.

Profitability was impacted as PBT declined 50.3% to ₹19.11 crore as against ₹38.46 crore in Q2 FY24, while Net Profit slid 51.4% year-over-year to ₹15.32 crore compared with ₹31.51 crore. Also, Increased Employee Benefits and Depreciation Expenses compressed margins

About Antony Waste Handling Cell Limited

Antony Waste Handling Cell Limited is one of the leading municipal solid waste management service companies in India. The company boasts a ubiquitous presence and provides all services under one roof: collection, transportation, processing, and disposal of solid waste. AWHCL has been in existence for over two decades and has been aptly recognised as the pioneer in this business, operating Asia's largest single-location waste processing plant at Kanjurmarg, Mumbai.