Investor Presentation

Ajax Engineering reported Q1 FY27 revenue of ₹474.6 Cr (+1.7% YoY) and PAT of ₹55.6 Cr (+5.2% YoY). Revenue growth was aided by price hikes and a favourable product mix, though lower volumes impacted overall profitability.

SLCM retail market share rose to 75.1%, while Non-SLCM revenue (+6.4%) and Spares & Services (+6.2%) showed stronger segment performance.

The firm's strategic focus involves maintaining SLCM leadership and expanding its Non-SLCM portfolio, backed by product innovation like India's first Slip-Form Paver and 3D Concrete Printer.

A robust pan-India dealer network and high-margin Spares & Services are vital growth drivers.

An upcoming fungible capacity facility is expected in H1 FY27. Management acknowledges short-term industry headwinds and expects Q2 to be seasonally soft.

However, they anticipate business momentum to strengthen in H2 FY27. They suggest evaluating performance on an annualised and multi-year horizon, supported by a strong cash position of ₹1,119.2 Cr as of June 2026.