Unaudited Financial Results for the quarter ended June 30, 2025
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Ajax Engineering Limited reported Q1 FY26 revenue from operations of Rs. 466.52 crore, broadly flat compared to Rs. 469.00 crore in Q1 FY25 (down ~0.5% YoY). Profit after tax declined ~21% YoY to Rs. 52.88 crore from Rs. 66.99 crore, while EBITDA (calculated as PBT + finance costs + depreciation) margin compressed to ~15.9% from ~19.8% in the year-ago quarter. Basic EPS stood at Rs. 4.62 versus Rs. 5.86 in Q1 FY25. The figures are unaudited but reviewed by statutory auditor S.R. Batliboi & Associates LLP, who issued an unqualified limited review report. The company highlighted the seasonal nature of its concrete equipment business, which explains the sharp sequential drop from Q4 FY25 (Rs. 755.75 crore revenue).
Marginal revenue decline coupled with sharper profit compression suggests margin pressure, likely from higher raw material costs (up vs Q1 FY25 on a per-unit basis) and unfavorable product mix. For shareholders, this is a soft start to FY26; watch for margin recovery in subsequent quarters given the seasonal business cycle.