AJAXENGG Ajax Engineering Q2 FY26 results (Jul–Sep 2025) and concall
Ajax Engineering reported strong Q2 and H1 FY26 revenue growth, driven by robust SLCM performance and successful CEV5 machine adoption. Despite external headwinds like extended monsoon and industry-wide cash flow delays, the company maintained a strong balance sheet and high ROIC. However, profitability was impacted by increased production costs for new CEV5 machines and aggressive pricing on a large Q2 contract, leading to a decline in EBITDA margins for both the quarter and half-year. Management anticipates an H2 demand upswing and plans for price adjustments to improve margins.
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What they filed
Q2 FY26: revenue up 47.8%, net profit up 14.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 301 | 548 | 756 | 467 | 445 +48% |
| EBITDA | 39 | 88 | 111 | 61 | 45 +15% |
| Net profit | 34 | 68 | 91 | 53 | 39 +15% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
