AJAX Engineering Limited reported a 1.7% increase in total revenue to ₹475 crore for the first quarter of FY27, compared to the same period last year. The company also achieved a significant market share of 75.1% in its SLCM category. Despite facing near-term industry challenges, AJAX remains confident in its long-term growth prospects, driven by product leadership and operational excellence.
AJAX Engineering Reports Q1 FY27 Performance
AJAX Engineering Limited announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company posted a total revenue of ₹475 crore, representing a growth of 1.7% compared to Q1 FY26. This performance was achieved amidst a challenging operating environment for the infrastructure sector.
Market Share and Segment Performance
The company highlighted a robust market share of 75.1% in its SLCM (Self-Propelled Concrete Machinery) segment during Q1 FY27, an increase from approximately 69% in Q1 FY26. SLCM revenue stood at ₹388 crore, showing marginal growth supported by a favorable product mix and recent price adjustments. Non-SLCM revenue contributed around ₹48 crore, with a growth of 6.4%, primarily driven by the pumps segment. The spares and services segment also saw a 6.2% year-on-year increase, reaching ₹39 crore.
Financial Highlights and Outlook
EBITDA for the quarter was reported at ₹59 crore, with an EBITDA margin of 12.5%. Profit after tax for Q1 FY27 was ₹55.6 crore, up by 5% year-on-year. Management expressed confidence in the long-term growth prospects, emphasizing customer intimacy, product leadership, and operational excellence as key drivers. While acknowledging near-term headwinds such as payment delays from some state governments, the company anticipates improved demand momentum in the second half of the fiscal year, with nearly 60% of its revenue typically generated in H2.
Strategic Initiatives and Future Focus
AJAX Engineering is focused on several strategic initiatives, including strengthening its distribution network, enhancing its non-SLCM portfolio with new product launches like the ARGO 4000, and expanding its export business. The company also continues to invest in design and engineering, building a robust supply chain, and maintaining a disciplined approach to cash flow and working capital management. Efforts are underway to mitigate the impact of rising input costs through cost optimization measures and potential calibrated price increases.
Source: BSE
