Bangalore - Ajax Engineering Limited., a concreting-equipment manufacturer, posted solid revenue growth in Q2 and H1 FY26, driven by strong demand in both its Self-Loading Concrete Mixer (SLCM) and non-SLCM product lines.
The company reported Q2 revenue of US $50.3 million, a 48% increase over the same quarter last year. For H1 FY26, revenue stood at US $102.9 million, up 18% year-on-year.
Q2 EBITDA was US $5.1 million, reflecting 16% growth, while profit after tax (PAT) reached US $4.4 million, rising 15% from last year. However, margins contracted due to higher production costs, the transition to new CEV-5 emission norms, and changes in product mix. Q2 EBITDA margin fell to 10.2%, and PAT margin declined to 8.8%.
For H1 FY26, EBITDA totaled US $12.1 million, down 11% year-on-year, with EBITDA margin at 11.7%. PAT for the half-year was US $10.4 million, a 9% decline, and PAT margin stood at 10.1%.
Mr. Shubhabrata Saha, Managing Director & CEO, said “The past two quarters were a period of transition for the sector. He cited factors such as unseasonal rains, emission-norm changes, and slower project execution as temporary demand challenges. Despite these, While margins were impacted, improved operating leverage and efficiency initiatives are expected to support profitability in the second half of FY26. He reiterated the company’s strong long-term outlook and its leadership in India’s concrete-equipment industry.
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