AJAXENGG

What Ajax Engineering promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 1 delivered 5 missed 8 open
  • Implementation of Price Increases delivered, diluted said Q4 FY25 Promised: Pricing increase from all the market participants should trickle in from Q2 onwards. Q1 FY27: Promise is complete. Final verdict remains 'achieved_diluted'. Management is now evaluating a separate, new price hike.
  • Operating EBITDA Margin missed said Q3 FY25 Promised: Expect our operating EBITDA to remain stable in the mid-teens range. Q1 FY27: Target period has passed. The final verdict remains 'missed'.
  • FY27 Revenue Growth at risk said Q4 FY26 Promised: I would anticipate at this point in time a mid and early double-digit growth would be a good number to look at and as we progress forward, I think we would be in a better position to see how things progress. Q1 FY27: Q1 FY27 revenue growth was 1.7% YoY. This is significantly below the 'mid and early double-digit' target. While management points to H2 seasonality, such a low start puts the full-year target at risk.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 14 tracked commitments for Ajax Engineering — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens