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Ajax Engineering Limited Q2 FY26 earnings call summary

NSE: AJAXENGG · BSE: 544356

Earnings call of 14 Nov 2025, summarised by AI from the filing.

90% of Q1 FY26 volumes were CEV5; product performing well, pricing decision pending.

Key takeaways

  1. CEV5 adoption 90% of Q1 FY26 volumes were CEV5; product performing well, pricing decision pending.
  2. Margin risk Higher CEV5 production cost and aggressive pricing on large contract impacted gross margin.

Original filing on BSE

Ajax Engineering Limited Q1 FY27 results

As filed: Revenue ₹475 cr (+2% year on year), EBITDA ₹59.1 cr (−3% year on year), PAT ₹55.6 cr (+5% year on year), EBITDA margin 12.5% (−60 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹758 cr (0% year on year), EBITDA ₹115 cr (+3% year on year), PAT ₹95.0 cr (+4% year on year), EBITDA margin 15.1% (+45 bps). Score 36 of 100, Below trend. EBITDA margin rose 45 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +6.3% in 30 days (Nifty 500: +2.9%).
  • Q3 FY26: Revenue ₹434 cr (−21% year on year), EBITDA ₹44.5 cr (−50% year on year), PAT ₹38.2 cr (−44% year on year), EBITDA margin 10.3% (−598 bps). Score 0 of 100, Below trend. EBITDA margin fell 598 bps year on year. Other income 26% of PBT. Not enough history for a trend yet: scored on growth alone. Share price after the results: −7.7% in 29 days (Nifty 500: −9.6%).
  • Q2 FY26: Revenue ₹445 cr, EBITDA ₹46.0 cr, PAT ₹39.0 cr, EBITDA margin 10.3%. Not scored. No result for the same quarter last year. Share price after the results: +4.7% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹467 cr, EBITDA ₹61.0 cr, PAT ₹53.0 cr, EBITDA margin 13.1%. Not scored. No result for the same quarter last year. Share price after the results: +3.1% in 30 days (Nifty 500: +0.2%).
  • Q4 FY25: Revenue ₹756 cr, EBITDA ₹111 cr, PAT ₹91.0 cr, EBITDA margin 14.7%. Not scored. No result for the same quarter last year. Share price after the results: −8.4% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹548 cr, EBITDA ₹89.0 cr, PAT ₹68.0 cr, EBITDA margin 16.2%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

Ajax Engineering Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.