Investor Presentation

**1. Financial Highlights:** Q1 FY26 showed strong results: Revenue ₹254.4 Cr (+9% YoY), EBITDA ₹62.1 Cr (+12% YoY), PAT ₹23.0 Cr (+8% YoY). Operational metrics impressed: Waste Managed up 13% YoY, Refuse Derived Fuel sales up 62% YoY, and Compost sales up 10% YoY.

Net Debt/Equity remains healthy at 0.4x. **2. Strategic Initiatives & Growth Drivers:** The company targets high-potential Waste-to-Energy, segregation, and bio-mining.

Strategy includes rational project selection and cluster-based geographic expansion, leveraging technology like GPS-tracked fleets for efficiency. **3. Business Developments:** Key Q1 FY26 milestones include Maharashtra’s first integrated PCMC Waste-to-Energy plant commencing commercial power sales.

The Kanjurmarg plant, Asia's largest, continues processing ~90% of Mumbai’s waste. **4. Market Position & Competitive Advantage:** A leading Solid Waste Management (SWM) player (20+ years, 23 projects in 9 states) offers end-to-end waste management.

Its de-risked model, diversified revenues, and technology-backed operations provide a competitive edge. **5. Investor Implications:** Strong Q1 FY26 financials and strategic expansion into high-growth waste segments indicate positive growth potential.

Market leadership and de-risked operations position the company well for sustained growth in India's expanding waste management sector.