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Ajax Engineering Limited Q4 FY26 results deck summary

NSE: AJAXENGG · BSE: 544356

Results deck of 18 May 2026, summarised by AI from the filing.

Ajax Engineering FY26 revenue ₹ 21,025 mn (+1.4%), Q4 FY26 gross margin 25.8% (+170 bps) on ~2% price hike and cost optimization.

Key takeaways

  1. FY26 EBITDA EBITDA ₹ 2,658 mn (FY25: ₹ 3,181 mn, -16.4%); EBITDA margin 12.6% (FY25: 15.3%, -270 bps) on higher CEV-V transition costs.
  2. Q4 recovery Q4 FY26 gross margin 25.8% (+170 bps Y-o-Y) and EBITDA margin 15.1% (+40 bps Y-o-Y), driven by cost optimization and ~2% price hike.
  3. Industry headwinds Lower government capex spending and delayed payments created cash flow pressures for customers, impacting new orders and fresh project investments.

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.