In continuation of our letter of todays dated on the standalone Audited Financial Results for the quarter and year ended March 31, 2026, we attach copy of press release being issued by the Company.
AJAXENGG · price
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Ajax Engineering reported FY26 revenue of ₹2,103 crore, up 1% from FY25, with Q4 revenue flat at ₹758 crore. Q4 FY26 showed margin improvement with EBITDA up 4% YoY to ₹115 crore and margin expanding 40 basis points to 15.1%, supported by operational efficiencies and pricing actions. However, FY26 full-year EBITDA margin contracted 270 basis points to 12.6% due to higher production costs from transitioning to new CEV-V emission norms. FY26 PAT fell to ₹225 crore from ₹260 crore in FY25. The company reclaimed SLCM market share to 73.5% by end of FY26, while non-SLCM and spares revenue grew 7% and 9% respectively, showing progress toward a more balanced revenue mix.
Q4 recovery in margins is encouraging but FY26 profitability remains pressured by emission norm transition costs. The market share recovery and diversified revenue growth signal operational resilience despite industry headwinds, though full-year margin compression may weigh on investor sentiment near-term.