Ajax Engineering Q1 FY27 Earnings Call: Revenue INR 475 Cr, Margin Pressure
AJAXENGG · price
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Ajax Engineering reported Q1 FY27 revenue of INR 475 crores, up 1.7% year on year. EBITDA margin fell 70 basis points to 12.5% and PAT grew 5% to INR 55.6 crores. SLCM market share rose to 75.1% from 69% last year. Cash balance exceeded INR 1,100 crores. Management said Q2 will remain challenging due to rising steel and fuel costs and is evaluating a calibrated price hike. Exports contributed 9% of revenue with a 30% CAGR target over three years.
Soft Q1 with margin pressure likely to persist in Q2. Strong cash pile of over INR 1,100 cr supports inorganic plans. Recovery to 13% to 15% margin band guided over the long term.