Ajax Engineering Limited — Q1FY27 earnings call summary

Filed 13 August 2026 · Official transcript

Market share expanded to 75.1% in Q1 FY27 from 69% in Q1 FY26
Non-SLCM growth target 10-15% for FY27; volume recovery expected post-monsoon
Price increase of ~2% taken in Q4 FY26; another calibrated hike under evaluation
Q1 FY27 revenue 475 Cr +1.7% y-y; EBITDA 59 Cr (margin 12.5%, -70 bps y-y); PAT 55.6 Cr +5% y-y
Q2 FY27 margins expected challenging; target to return to ~12.5% margin in H2 FY27
State-wise demand mixed; growth in Gujarat, Karnataka, Odisha; decline in Maharashtra, MP
Export revenue 9% in Q1 FY27; growth expected at 30% CAGR over 3 years
New product ARGO 4000 launching Q2 FY27; UDAAN series gaining traction