Ajax Engineering, a leading Indian concrete equipment manufacturer, reported flat revenue of ₹4,665.15 million in Q1, down 0.5% year-on-year. Profit after tax declined 21.1% to ₹528.75 million, while EBITDA fell 23.4% to ₹614 million. The company faced challenges including unseasonal rains, emission norm changes, and slower project execution. Despite this, non-SLCM volumes grew 25% year-on-year, and the company maintained its 69% market share in India's SLCM market. Management expects near-term margin pressure but remains confident in long-term growth prospects.
02Aug 25
Ajax Engineering Reports Q1 Results, Appoints New Auditors
Ajax Engineering Limited, a concrete equipment manufacturer, released Q1 FY24 results. Revenue decreased marginally by 0.53% to Rs. 4,665.15 crore. Net profit fell 21.07% to Rs. 528.75 crore. EPS dropped to Rs. 4.62 from Rs. 5.86. The company appointed Mr. A.N. Sriram as Cost Auditor and PricewaterhouseCoopers as Internal Auditors. The 33rd AGM is scheduled for September 5 via video conferencing.
27May 25
AJAX ENGINEERING Reports Strong Q4 Results with Revenue and Profit Growth
AJAX ENGINEERING's Q4 results show significant growth with revenue reaching ₹7.60 billion, up 15.15% year-over-year. Net profit increased to ₹910.00 million from ₹883.00 million last year. EBITDA rose slightly to ₹111.00 million, but the EBITDA margin decreased to 14.66% from 16.62%. The company demonstrates robust top-line growth while facing potential challenges in maintaining profit margins.
10Mar 25
Ajax Engineering Reports Strong Q3 Performance, Expects Muted Growth in Near Term
Ajax Engineering Limited, a leading Indian concrete equipment manufacturer, reported robust Q3 FY25 results with revenue up 37.3% to ₹5,482 crore, EBITDA up 31.8% to ₹881 crore, and PAT up 26.3% to ₹681 crore. The company's core SLCM segment grew 36.8% YoY. Despite strong 9MFY25 performance, management expects slightly muted growth in the coming months due to election processes, prolonged monsoons, and new emission norms implementation. However, the company remains confident about long-term growth prospects in India's infrastructure development sector.