Ajax Engineering Limited — PPTs, 12-02-2026: Investor Presentation

Here's a concise summary for retail investors:

**1. Business Performance:**

Ajax Engineering navigated a challenging Q3 & 9M FY26, impacted by monsoon, new CEV-5 emission norms, and project delays. For 9M FY26, revenue saw a modest +2% YoY to ₹1,344.9 Cr, but Q3 revenue declined 21% YoY to ₹433.5 Cr. Profitability was also hit, with 9M PAT down 23% to ₹130.2 Cr and Q3 PAT dropping 44% to ₹38.2 Cr. This was mainly due to higher production costs for CEV-5 machines and one-time marketing expenses.

**2. Growth Drivers or Strategy:**

Despite headwinds, the company's non-SLCM and Spares & Services segments showed growth. Management remains confident in long-term prospects, citing the government's infrastructure push and the shift to mechanized construction. Strategies include expanding non-SLCM, boosting exports, and maintaining SLCM market leadership.

**3. Recent Developments:**

Ajax introduced new CEV-5 machines and commercialized a 3D Concrete Printing Machine. A new fungible assembly facility in Adinarayanahosahalli is expected by Q1 FY27.

**4. Management Commentary / Outlook:**

Management is focused on long-term health, anticipating operating leverage and price adjustments to boost profitability from FY27, reinforcing a strong outlook.