Ajax Engineering presents Q2 and H1 FY27 results and outlook
AJAXENGG · price
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Ajax Engineering reported H1 FY27 revenue of ₹9,616 million, up 5.5%, and profit after tax of ₹1,065 million, up 15.9%. Gross margin was 25.2% and operating margin 11.5%. Concrete mixer market share reached 75.5%, other product revenue rose 31.5%, and exports grew 48%. Demand is soft, with an H2 recovery expected. The presentation projects India's mechanised concrete equipment market to reach ₹178 billion in FY29. Cash was ₹11,511 million.
Profit growth and market-share gains support the outlook, but delayed project spending, higher steel costs and weak cash conversion remain key risks.