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Earnings Call

Ajax Engineering Earnings Call: Key Takeaways

Ajax Engineering reported FY26 revenue of ₹2,103cr with 12.6% EBITDA margins. The company maintained its SLCM market leadership (73.5%) despite emission norm transitions and slower government capex spending.

Highlights
Revenue growth₹2,103cr in FY26, representing modest growth over previous year.
MarginsEBITDA margins declined to 12.6% in FY26 due to cost increases.
Demand visibilityNear-term challenges in state spending; H2 expected to be stronger.
Management confidenceHigh confidence in long-term infra sector growth and brand resilience.

Growth

FY26 revenue grew marginally to ₹2,103cr from ₹2,074cr. Q4 revenue was flat at ₹758cr; EBITDA margin stood at 15.1%.

Outlook

Management targets mid-teen revenue growth and 13-15% margins in the medium term, supported by Udaan volumes and exports.

Risks

Near-term headwinds include slower government infra spending, payment delays in key states, and increased production costs from CEV5 norms.

Source

Earnings Call filed with NSE, NSE: AJAXENGG. Summary written with AI assistance from the document.

Read the document ↗

Ajax Engineering Ltd: key numbers

Share price
₹559.65
Market cap
₹6,403 Cr
Revenue (annual)
₹2,103 Cr
Net profit (annual)
₹225.1 Cr
P/E (TTM)
26.7×Sector 32.5×
Promoter holding
80.00%+0.00% QoQ
FII holding
4.07%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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