Ajax Engineering Limited has announced its audited financial results for the year ended March 31, 2026, reporting a standalone revenue of Rs. 21,025.37 million. The company also announced leadership changes, including the appointment of Mr. Sachin Rajkumar Nandgaonkar as an Additional Director and the resignation of Mr. Jacob Jiten John from his role as Whole-time Director, both effective from May 18, 2026.
Financial Performance Summary
For the fiscal year ending March 31, 2026, Ajax Engineering Limited demonstrated strong operational performance. The company recorded an annual revenue from operations of Rs. 21,025.37 million, compared to Rs. 20,739.15 million in the previous fiscal year. The profit for the period stood at Rs. 2,251.45 million. Performance for the final quarter (Q4: Jan-Mar 2026) was particularly robust, with revenue reaching Rs. 7,576.64 million and a net profit of Rs. 949.63 million.
Strategic Leadership Changes
The Board of Directors has approved the appointment of Mr. Sachin Rajkumar Nandgaonkar as an Additional Director (Non-executive and Nominee Director). Mr. Nandgaonkar brings over three decades of experience in consulting and board governance, having served in leadership positions at Accenture, Boston Consulting Group, and the RPG Group.
Concurrently, the Board has formally accepted the resignation of Mr. Jacob Jiten John, who served as a Whole-time Director. His resignation is for personal reasons and takes effect from the closure of business hours on May 18, 2026.
Key Operational Highlights
During the fiscal year, the company accounted for the impact of new labour codes, which resulted in a one-time increase in gratuity liability of Rs. 31.04 million, categorized as an exceptional item. The company remains focused on its core business as a manufacturer of concrete equipment, maintaining a single reportable business segment to ensure operational efficiency and clarity in its financial reporting.
Source: BSE
