Ajax Engineering Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹7,576.64 million for the quarter, with a full-year revenue of ₹21,025.37 million. Alongside the financial performance, the Board of Directors has approved the appointment of a new Nominee Director and acknowledged the resignation of a Whole-time Director effective May 18, 2026.
Financial Performance Review
Ajax Engineering recorded a robust performance for the quarter ended March 31, 2026, achieving revenue from operations of ₹7,576.64 million, compared to ₹7,557.52 million in the same quarter of the previous year. For the entire fiscal year, the company generated total revenue of ₹21,025.37 million. The profit for the period stood at ₹949.63 million for the final quarter, bringing the annual profit to ₹2,251.45 million.
Strategic Leadership Appointments
The Board of Directors has appointed Mr. Sachin Rajkumar Nandgaonkar as an Additional Director (Non-executive and Nominee Director) effective May 18, 2026. Mr. Nandgaonkar brings over three decades of professional experience in consulting and board governance, having served in leadership roles at Accenture and Boston Consulting Group. His appointment is subject to shareholder approval.
Board Resignation
Concurrently, the company announced the resignation of Mr. Jacob Jiten John from his position as Whole-time Director, effective at the close of business hours on May 18, 2026. Mr. John stepped down due to personal reasons, and the board has acknowledged his contributions to the company’s growth and governance during his tenure.
Operational Highlights
During the fiscal year, the company successfully navigated the implementation of new labour codes, which resulted in an incremental gratuity liability of ₹31.04 million. This non-recurring impact was accounted for as an exceptional item in the financial results. The company continues to operate as a single business segment focused on the manufacturing of concrete equipment, maintaining a strong asset base with total assets valued at ₹17,516.86 million as of March 31, 2026.
Source: BSE
