Ajax Engineering Q2 FY26 results: revenue up 48% YoY, margins under pressure

Revenue growth above 20%EBITDA margin compressionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+8.2%Reaction day

₹579.05

prior close

₹581.95

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+8.3% vs market

Construction Vehicles peers, median of 5sector-0.2%+8.4% vs sector

On the reaction day the stock moved 8.3 pts more than Nifty Microcap 250 and 8.4 pts more than its Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Construction Vehicles peers, median of 5Pending

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AI summary

Ajax Engineering Q2 FY26 revenue Rs 4,448 million, up 48% YoY from Rs 3,010 million. H1 FY26 revenue Rs 9,113 million vs Rs 7,700 million YoY. Q2 PAT Rs 391 million grew 15% YoY but H1 PAT fell 9% to Rs 919 million as raw material costs rose and margins compressed. EBITDA margin proxy shrank from 16.8% to 12.4% YoY. Auditors gave unmodified opinion.

Likely market impact

Strong top-line growth but margin compression and H1 PAT decline signal cost pressures. Unmodified audit opinion maintains confidence.