Ajax Engineering Limited — Q2FY27 earnings call summary

Filed 14 November 2026 · Official transcript

SLCM revenue Q2 at 395.8cr (+5.9% y-y), H1 at 783.5cr (+3.3% y-y); market share 75.5% in H1 FY27
Demand outlook: improvement expected in H2 FY27; top 10 states contribute ~78% of SLCM volume
Q2 FY27 revenue 487cr +9.5% y-y; H1 FY27 revenue 961.5cr +5.5% y-y
Price hikes: 2% in Q4 FY26, 1% in Sept 2026, 1% in Nov 2026; further 2% planned in Q4 FY27
UDAAN series expanded to 20 states with 216 units in H1 FY27 vs 49 units last year
Export revenue grew 47% y-y in H1 FY27; key markets Kenya, Nigeria, Algeria; expansion plans for South Africa and LATAM
Shift in application mix: roads down to 40% share; factories, buildings, urban infra increased to 39% in FY27 YTD
Operational focus on cost optimization, supply chain, and manufacturing efficiency amid commodity inflation