Ajax Engineering
Ajax Engineering Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹467Cr
- −0.4% YoY
- Net profit
- ₹53Cr
- −20.9% YoY
- Margin
- 13%
- −4 pp YoY
Guidance rank: #10 of 10 in Agricultural, Commercial & Construction Vehicles
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The short version
FY '26 volume growth expected in early double-digits, not reaching the long-term CAGR of 18% this year (Page 10). FY '26 volume growth is expected in the early double digits, below the long-term 18% CAGR, with some years compensating others to achieve the CAGR over a few years.
From Ajax Engineering's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '26 volume growth expected in early double-digits, not reaching the long-term CAGR of 18% this year (Page 10).
- Long-term CAGR of 18% anticipated over a block of years, with variability year-on-year (Page 10).
- Growth expected to be more towards end of Q2 FY '26 as market demand normalizes post-monsoon and festive seasons (Page 10, 18).
- Cautious approach due to slight tepidness in progress of some infrastructure projects impacting cash flows and volume in Q1 FY '26 (Page 10).
2 more points from Ajax Engineering's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Ajax Engineering is commissioning a new manufacturing facility at Adinarayanahosahalli, near their Obadenahalli plant (producing SLCMs), expected to be operational in the second half of FY '26.
- The company is investing in the expansion of its dealer network and augmenting its go-to-market strategy by building a B2B channel in the top eight metro cities to drive growth, especially in the non-SLCM segment.
- Ajax is focusing on innovation, including developments in 3D concrete printing and slip-form pavers, with ongoing R&D at the Ajax School of Concrete, indicating future strategic investments in material science and advanced construction technology.
Top-ranked in Agricultural, Commercial & Construction Vehicles
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ajax Engineering said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Ajax Engineering — Quarterly revenue & net profit
Ajax Engineering Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 467 | 469 | -0.4% | 756 | -38.2% |
| Operating profit (EBITDA) | 61 | 80 | -23.7% | 111 | -45% |
| Operating margin | 13% | 17% | -4 pp | 15% | -2 pp |
| Profit before tax | 71 | 90 | -21.1% | 122 | -41.8% |
| Net profit (PAT) | 53 | 67 | -20.9% | 91 | -41.8% |
| EPS (₹) | 4.62 | 5.86 | -21.2% | 7.95 | -41.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹487 Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Ajax Engineering's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
Earlier calls (1)
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Ajax Engineering Q1 FY26 results?
FY '26 volume growth expected in early double-digits, not reaching the long-term CAGR of 18% this year (Page 10). FY '26 volume growth is expected in the early double digits, below the long-term 18% CAGR, with some years compensating others to achieve the CAGR over a few years.
What is Ajax Engineering share price analysis?
Ajax Engineering currently shows a neutral. The stock trades at a P/E of 28.9 with a market cap of ₹6,661 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ajax Engineering planning capital expenditure?
Ajax Engineering is commissioning a new manufacturing facility at Adinarayanahosahalli, near their Obadenahalli plant (producing SLCMs), expected to be operational in the second half of FY '26.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.