Ajax Engineering Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a strong annual revenue of Rs. 21,025.37 million, with a net profit of Rs. 2,251.45 million for the fiscal year. Alongside these financial disclosures, the company has confirmed key changes to its Board of Directors, including the appointment of a new Nominee Director and the resignation of a Whole-time Director.
Financial Performance Overview
For the financial year ended March 31, 2026, Ajax Engineering delivered a stable performance. The company recorded total revenue from operations of Rs. 21,025.37 million compared to Rs. 20,739.15 million in the previous fiscal year. The net profit for the year stood at Rs. 2,251.45 million. During the final quarter (Q4) ending March 31, 2026, the company achieved a revenue of Rs. 7,576.64 million and a net profit of Rs. 949.63 million.
Strategic Board Appointments
The Board of Directors has appointed Mr. Sachin Rajkumar Nandgaonkar as an Additional Director (Non-executive and Nominee Director), effective May 18, 2026, subject to shareholder approval. Mr. Nandgaonkar brings over three decades of leadership experience, having held positions at global consulting firms and served on various corporate boards. He joins the company as a nominee for The Johns Loaves Trust and Jacob Hansen Family Trust.
Leadership Transition
Concurrently, the company announced the resignation of Mr. Jacob Jiten John, who served as a Whole-time Director. His resignation is effective from the close of business hours on May 18, 2026. Mr. John stepped down due to personal reasons, and the company has confirmed there were no other material reasons for his departure. The company acknowledges his contributions to its growth and governance during his tenure.
Operational Context
The financial results for this period were impacted by an exceptional item amounting to Rs. 31.04 million, attributed to the adoption of new Labour Codes notified by the government in November 2025. This adjustment accounts for the incremental increase in gratuity liabilities. The company continues to operate as a single-segment business, focusing on the manufacturing of high-quality concrete equipment, including self-loaders, batching plants, pumps, and transit mixers.
Source: BSE
