Ajax Engineering Limited has informed the Exchange regarding Board meeting held on August 02, 2025.
AJAXENGG · price
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Ajax Engineering Limited's board, which met on August 2, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), prepared under Ind AS and reviewed by statutory auditors S.R. Batliboi & Associates LLP with an unmodified (clean) opinion. Revenue from operations stood at Rs. 4,665.15 million, marginally lower than Rs. 4,690.04 million in Q1 FY25, while net profit came in at Rs. 528.75 million versus Rs. 669.90 million in the year-ago quarter. Basic EPS was Rs. 4.62 (vs Rs. 5.86 in Q1 FY25). The board also appointed Mr. A.N. Sriram as Cost Auditor and PricewaterhouseCoopers Private Limited as Internal Auditor for FY 2025-26, and fixed September 5, 2025 as the date for the 33rd Annual General Meeting, to be held via video conferencing.
Mild year-on-year softness in both revenue and profit is partly explained by the company's own note that the concrete equipment business is seasonal, so Q1 is not necessarily representative. The clean (unmodified) audit opinion and routine auditor appointments are neutral-to-positive governance signals; shareholders should track subsequent quarters to gauge post-IPO earnings momentum.