Dailymirror.news, India,May30, 2025: Ajax Engineering Limited, India’s leading manufacturer of concreting equipment, announced its audited financial results for the fourth quarter and full financial year ended March 31, 2025.

FY25 Financial Overview:

ParticularsFY24 (₹ Cr)FY25 (₹ Cr)YoY Change (%)
Revenue from Operations1,7412,07419%
EBITDA27631815.5%
EBITDA Margin (%)15.8%15.3%-50 bps
PAT22526015.5%
PAT Margin (%)12.9%12.5%-40 bps

Q4 FY25 Financial Highlights:

ParticularsQ4 FY24 (₹ Cr)Q4 FY25 (₹ Cr)YoY Change (%)
Revenue from Operations65775615%
EBITDA1091111.5%
EBITDA Margin (%)16.6%14.7%-190 bps
PAT88913%
PAT Margin (%)13.4%12.0%-140 bps

Management Commentary:
Mr. Shubhabrata Saha, Managing Director & CEO of Ajax Engineering Limited, said, “FY25 has been a year of resilience and strategic progress. Despite challenges such as the regulatory transition from CEV-4 to CEV-5 emission norms and slower infrastructure execution, we achieved robust growth, surpassing the ₹2,000 crore revenue milestone while maintaining profitability. Our leadership in the Self-Loading Concrete Mixer (SLCM) segment remains strong with a 75% market share, and our non-SLCM and spares businesses are gaining traction.

Our strategic investments, including launching a dedicated B2B channel for non-SLCM sales and enhancing leadership capabilities, are laying a strong foundation for future growth. We are also excited about the upcoming commissioning of our Adinarayanahosahalli plant in the second half of FY26, which will increase our capacity and product flexibility.”

Mr. Tuhin Basu, Chief Financial Officer, added, “Our healthy performance in Q4 and FY25 reflects strong revenue growth across key business segments. The SLCM and non-SLCM segments grew 18% YoY, spare parts and service revenue rose 33%, and exports increased 29% YoY. EBITDA improved by 15%. We remain focused on balancing growth with financial prudence. Our strong cash position and efficient working capital management position us well for capacity expansion, innovation, and further growth. Although margin pressures were experienced due to capability-building investments, we expect profitability to stabilize as these initiatives start delivering results.”

Strategic Updates:

  • Early Launch of CEV-5 Models: Ajax proactively ramped up CEV-4 inventory ahead of the June 2025 deadline and simultaneously launched CEV-5 compliant models, which accounted for approximately one-third of Q4 sales.
  • Product Innovation: Ajax remains the only Indian company to develop an in-house Slip-Form Paver and a commercial 3D Concrete Printer.
  • Dealer Network Expansion: The company now boasts 51 domestic dealers and 26 international distributors across 48 countries.
  • New Facility: The upcoming Adinarayanahosahalli plant is on track for commissioning by Q2 FY26, with commercial production starting in H2 FY26.
  • B2B Channel Growth: Ajax is scaling its non-SLCM portfolio through a new B2B go-to-market strategy focused on institutional buyers.