AJAX Engineering Limited has announced its financial results for the first quarter of FY27, ending June 30, 2026. The company reported a marginal 1.7% increase in revenue, reaching ₹4,746 million, driven by price hikes and a favorable product mix. Profitability saw a 5.2% rise in PAT to ₹556 million. Key highlights include a strong cash position of ₹11,192 million as of June 2026.
AJAX Engineering Reports Q1 FY27 Performance
AJAX Engineering Limited today announced its financial results for the first quarter ended June 30, 2026. The company demonstrated steady performance, with total revenue from operations reaching ₹4,746 million, a 1.7% increase compared to ₹4,665 million in the corresponding quarter of the previous fiscal year (Q1 FY26).
Key Financial Highlights: Q1 FY27
- Revenue: ₹4,746 million (up 1.7% YoY)
- EBITDA: ₹591 million (down 3.7% YoY)
- PAT: ₹556 million (up 5.2% YoY)
- Gross Margin: 26.2% (improved by 40 bps)
- EBITDA Margin: 12.5% (decreased by 70 bps)
- PAT Margin: 11.7% (improved by 40 bps)
Segment-wise Performance
In terms of segment-wise revenue:
- SLCM (Self Loading Concrete Mixer): Revenue stood at ₹3,877 million, a slight increase of 0.8% YoY.
- Non-SLCM: Revenue grew by 6.4% to ₹477 million.
- Spares & Services: Revenue increased by 6.2% to ₹392 million.
SLCM Volumes saw a marginal decrease of 1.0% to 1,184 units during the quarter. The company highlighted increased SLCM retail market share to 75.1% for Q1 FY27. However, profitability was impacted by adverse operating leverage due to lower volumes compared to Q1 FY26.
Company Outlook
The management noted that while India’s infrastructure sector holds strong long-term potential, short-term headwinds persist. The company maintained a strong cash position of ₹11,192 million as of June 2026. AJAX Engineering expects business momentum to strengthen in the second half of FY27, emphasizing a long-term and multi-year perspective for evaluating business performance.
Source: BSE
