Ajax Engineering Releases Q3 FY26 Earnings Call Transcript
Ajax Engineering's Q3 FY26 revenue was ₹434 crore, with a 9-month FY26 revenue of ₹1,345 crore. Adjusted EBITDA for 9-month FY26 was ₹154 crore. The company is focused on long-term growth, planning a new manufacturing facility in Q1 FY27 and seeing positive demand momentum in early 2026.
The announcement provides a detailed transcript of a conference call discussing financial performance and future outlook. This information is material for investors and analysts to assess the company's current standing and future prospects, influencing investment decisions.
The announcement is a transcript of a conference call discussing financial results. While the company expresses confidence in long-term growth, the results for the quarter show a decline in revenue and EBITDA compared to the previous year. The sentiment is neutral as it presents factual financial information and management commentary without overwhelmingly positive or negative indicators.
Ajax Engineering Limited has released the transcript of their conference call with analysts and investors held on February 13, 2026. The call discussed the company's financial results for the quarter and nine months ended December 31, 2025.
During the nine months of FY26, the company reported a revenue of ₹1,345 crore, a modest 2% year-on-year growth. Non-SLCM revenue increased by 4.5%, and spares and services revenue grew by 14%. Adjusted EBITDA for the period stood at ₹154 crore, with an EBITDA margin of 11.5%. The company noted that the impact on EBITDA was due to a decrease in gross margin, attributed to increased production costs and a change in product mix, specifically the absence of high-margin paver sales from the previous year.
For the third quarter of FY26, revenue was ₹434 crore, down from ₹548 crore in Q3 FY25. This decline was primarily due to lower SLCM volume and revenue, impacted by a strong base in the prior year. However, non-SLCM revenue saw a 13% year-on-year growth, and spares and services revenue increased by 11%. Adjusted EBITDA for Q3 FY26 was ₹48 crore, compared to ₹88 crore in Q3 FY25, with an EBITDA margin of 11%. This decrease was partly due to lower gross margins and one-time marketing expenses.
The management expressed confidence in the long-term growth prospects, citing the government's strong emphasis on capital expenditure and infrastructure development, with an anticipated 11% increase in budget allocation for FY27. The company plans to commission its fifth manufacturing facility in Q1 FY27. They also highlighted efforts to expand the dealer network and carefully calibrate pricing strategies for new CEV-5 machines based on market response.
Discussions also covered the performance of the new UDAAN product, targeting lower-end applications, and the company's strategy to maintain its market share, which has been strong in recent months. While acknowledging short-term headwinds, the company remains committed to operational excellence and financial discipline.
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Ajax Engineering Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ajax Engineering Limited. Read the original for the full detail.