AJAX Engineering Q1 FY27: Revenue up 1.7%, Market Share Hits 75.1%

AJAX Engineering Ltd reported a resilient performance for Q1 FY27, with total revenue from operations growing 1.7% year-on-year to ₹4,746 million. The company saw growth across SLCM, Non-SLCM, and Spares & Services segments, supported by price hikes and a favorable product mix. Notably, Ajax increased its retail market share in the SLCM segment to 75.1% from 69% in Q1 FY26, despite a soft industry demand environment. Profit After Tax (PAT) increased by 5.2% to ₹556 million. The company maintains a strong balance sheet with cash reserves exceeding ₹11,000 million and anticipates improved customer sentiment and demand in the second half of the fiscal year.