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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
AJAX Engineering Ltd

AJAX Engineering Q2 FY27 Net Profit up 30.4% to INR 509 million

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 06 Nov 2026, 02:05 PM IST  ·  BSE ID: 1dfaafba-b612-4e38-861f-107a17ef6c69
View Original BSE Filing (PDF)
💡
In Simple Terms
AJAX Engineering reported higher profits and revenue for Q2 FY27, increased its market share, and built a substantial cash reserve.
🤖 AI Summary
  • Profit After Tax for Q2 FY27 increased 30.4% to INR 509 million compared to Q2 FY26.
  • Total Revenue for Q2 FY27 grew by 9.5% to INR 4,870 million, driven by Non-SLCM segment.
  • SLCM retail market share expanded to 75.5% in H1 FY27 from 70.7% in H1 FY26.
  • Exports revenue demonstrated a 48% YoY growth in H1 FY27, contributing to overall growth.
  • The company reported a cash balance of ₹ 11,511 million and H1 FY27 working capital of 22 days.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Revenue (Q2 FY27)
4,870 mn
9.5%
Profit After Tax (Q2 FY27)
509 mn
30.4%
SLCM Retail Market Share (H1 FY27)
75.5%
Exports Revenue Growth (H1 FY27 YoY)
48%
Cash Balance
₹ 11,511 million
🏢 How This Affects the Company
📈
Business Impact
AJAX Engineering's retail market share in Self-Loading Concrete Mixers (SLCMs) increased to 75.5% in H1 FY27 from 70.7% in H1 FY26. Non-SLCM business and exports showed robust growth, expanding market presence in Batching Plants and Pumps, and in regions like Africa and Southeast Asia.
💰
Financial Impact
Profit After Tax rose by 30.4% to INR 509 million for Q2 FY27. The company's cash balance stands at ₹ 11,511 million, providing financial flexibility. EBITDA Margin for H1 FY27 was 11.5% (-20 bps YoY) and PAT Margin for H1 FY27 was 11.1% (+100 bps YoY).
⚙️
Operational Impact
The company maintains a focus on lean manufacturing, strengthened engineering capabilities, supply-chain resilience, and cost optimisation. Supplier diversification and competitive sourcing are key initiatives to manage raw material costs.
⚠️
Risk Impact
The company acknowledges near-term challenges including lower-than-budgeted state infrastructure spending, delayed contractor payments, and rising steel and crude-linked commodity prices. A 1% price increase in September and potential additional hikes are noted to offset costs.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected as the company's financial performance shows increased profitability and market share, reflecting its operational health.
🔍
Management Signal
Management aims to balance growth, profitability, cash generation, and working capital management, while pursuing growth and inorganic opportunities through its robust cash position.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — assess if revenue growth and margins sustain.
Launch of ARGO 4000 — monitor product portfolio expansion and market reception.
Updates on state infrastructure spending and contractor payments impacting demand.
MEDIUM RISK Near-term demand softness, lower state infrastructure spending, and delayed contractor payments are noted challenges.
💡 Investor Takeaway
AJAX Engineering reported Q2 FY27 Profit After Tax at INR 509 million, up 30.4% from INR 391 million in Q2 FY26. Total Revenue for Q2 FY27 was INR 4,870 million, a 9.5% increase. H1 FY27 SLCM retail market share grew to 75.5%. The company holds a cash balance of ₹ 11,511 million.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 Profit After Tax increased 30.4% to INR 509 million, demonstrating improved profitability.
  • H1 FY27 SLCM retail market share grew to 75.5% from 70.7% in H1 FY26, indicating strong brand position.

⚠️ Concerns

  • H1 FY27 EBITDA Margin decreased by 20 bps to 11.5%, despite price hikes offsetting raw material costs.
  • Spares & Services Revenue declined by 4.7% in Q2 FY27 to INR 354 million, impacting overall revenue contribution.
📅 Company Track Record
AJAX Engineering's prior filing on November 6, 2026, also reported Q2 FY27 Net Profit up 30.4% to INR 509 million and revenue up 9.5%. The company had scheduled its Q2 and H1 FY27 earnings call for November 6, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was AJAX Engineering's Net Profit in Q2 FY27?
AJAX Engineering reported a Profit After Tax of INR 509 million for Q2 FY27, representing a 30.4% increase from INR 391 million in Q2 FY26.
What was the Total Revenue for AJAX Engineering in Q2 FY27?
The Total Revenue for AJAX Engineering in Q2 FY27 stood at INR 4,870 million, which is a 9.5% increase compared to INR 4,448 million in Q2 FY26.
What is AJAX Engineering's SLCM retail market share in H1 FY27?
AJAX Engineering's retail market share in SLCMs increased to 75.5% in H1 FY27, up from 70.7% in H1 FY26.
How much did AJAX Engineering's exports revenue grow in H1 FY27?
Exports revenue for AJAX Engineering grew by 48% on a Year-on-Year basis in H1 FY27.
What is AJAX Engineering's current cash balance?
AJAX Engineering reported a cash balance of ₹ 11,511 million, providing considerable financial flexibility.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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