Ajax Engineering posts ₹466 crore revenue in Q1 FY26
By ,
ETInfra
Ajax Engineering Limited reported revenue of ₹466 crore for the first quarter of FY26, nearly flat compared to ₹469 crore in the same period last year. Profit after tax stood at ₹53 crore, down 21 per cent year-on-year, while EBITDA declined to ₹61 crore from ₹80 crore in Q1 FY25.Margins were impacted during the quarter, with EBITDA margin falling from 17.1 per cent to 13.2 per cent, and PAT margin easing to 11.3 per cent from 14.3 per cent a year ago.The company completed its transition to CEV-5 emission norms by the end of Q1. SLCM (Self-Loading Concrete Mixer) revenue remained stable at ₹385 crore, while non-SLCM volumes rose 25 per cent year-on-year. Spares and services grew 8 per cent to ₹37 crore, and exports contributed 5 per cent to overall revenue.'Our Q1 revenue remained stable YoY, while margins were impacted due to product mix and by cost increases experienced due to transition to CEV-5 norms,' said Tuhin Basu, CFO, Ajax Engineering.
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