Q4 FY26 Earnings Call: Margin Pressure, FY27 Outlook & Cash Deployment Plans

Mgmt Guided Margin ImprovementMgmt Evaded Key QuestionInvestor Communications View source PDF

AJAXENGG · price

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₹583.00

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₹582.60

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AI summary

FY26 revenue grew modestly to INR 2,103 cr; EBITDA fell to INR 266 cr (margin 12.6% vs 15.3%). Q4 showed recovery: revenue INR 758 cr, EBITDA INR 115 cr (margin 15.1%). Took 2% price hike in Jan 2026; market share recovered to 73.5% in FY26. Holds INR 1,121 cr cash, exploring deployment via M&A in H2. Guides to mid-early double-digit growth for FY27 and aims to restore 13-15% margins over medium term.

Likely market impact

Management guides to margin recovery to 13-15% over medium term, but FY27 outlook cautious amid macro headwinds. Strong cash may support M&A.