| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 466.51 | 38.3% |
| Total Income | 479.11 | 37.6% |
| Expenditure | 408.17 | 36.8% |
| PBT | 70.94 | 41.9% |
| Net Profit | 52.88 | 41.9% |
| OPM | 13.16% | 1.51pp |
| NPM | 11.04% | 0.81pp |
| EPS | 4.62 | 41.9% |
Ajax Engineering Reports Steady Q1 FY26 Performance Amid Transition to CEV-5 Emission Norms
02 Aug 2025 · 2 Aug 2025, 07:22 pm
Summary
Ajax Engineering Limited, a leading concreting equipment manufacturer in India, reported steady revenues at INR 466 crores and Profit After Taxes of INR 53 crores in Q1 FY26. Despite regulatory transitions and muted industry demand, the company maintained its focus on long-term growth.
Key Highlights
- 1
Revenue from Operations: INR 466 crores, down 0.60% YoY
- 2
Reported EBITDA: INR 61 crores, down 23% YoY
- 3
EBITDA Margin: 13.20%, down 3.90% YoY
- 4
Reported PAT: INR 53 crores, down 21% YoY
- 5
CEV-5 Transition Completed: CEV-4 inventory fully sold by Q1 FY26
- 6
SLCM Revenue: INR 385 Cr in Q1 FY26, flat YoY
- 7
Non-SLCM Volumes: Up 25% YoY
- 8
Spares & Services: Up 8% YoY to INR 337 Cr
- 9
Exports: Accounted for 5% of revenue
- 10
Adinarayanahosahalli Plant: Commissioning planned for H2 FY26
Management Comments
Shubhabrata Saha
Managing Director & CEO, Ajax Engineering Limited
Following a strong FY25, where we crossed INR 2,000 crore in revenue and expanded our market leadership, Q1 FY26 marks a phase of transition. The full switch to CEV-5 compliant products, coupled with external factors like rains and delayed infra execution, temporarily moderated demand. However, we have remained focused on capability building and execution excellence.
Tuhin Basu
Chief Financial Officer, Ajax Engineering Limited
Our Q1 revenue remained stable YoY, while margins were impacted due to product mix and by cost increases experienced due to transition to CEV-5 norms. However, we remain fundamentally strong—debt-free with a healthy cash balance.
Informational and educational content only. Not investment advice.