Ajax Engineering Revenue Surges 19% to Cross ₹2,000 Cr Mark in FY25
Ajax Engineering Limited, a leading Indian manufacturer of concreting equipment, reported a robust financial performance for the fiscal year ended March 31, 2025, with its revenue from operations crossing the ₹2,000 crore milestone for the first time.
According to the company’s audited results, revenue from operations for FY25 stood at ₹2,074 crore, marking a 19% year-on-year (YoY) growth. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹318 crore, reflecting a 15.5% increase YoY, while profit after tax (PAT) reached ₹260 crore, also up by 15.5%.
Strong Finish in Q4 FY25
Ajax Engineering capped off the fiscal year with a strong performance in the fourth quarter. The company reported Q4 revenue of ₹756 crore, a 15% increase over the same period last year. EBITDA for the quarter came in at ₹111 crore, up 1.5% YoY, and PAT stood at ₹91 crore, registering a 3% growth YoY.
The company attributed the performance to strong demand across infrastructure segments, ongoing product innovation, and operational efficiencies.
Shubhabrata Saha, Managing Director & CEO, Ajax Engineering Limited said, “FY25 has been a year of resilience and strategic progress. Despite external challenges, including the regulatory shift from CEV-4 to CEV-5 emission norms and slower infrastructure execution, we delivered robust growth, crossed the ₹2,000 crore revenue milestone, and maintained profitability. Our leadership in the Self-Loading Concrete Mixer (SLCM) segment remains strong, with a 75% market share, while our non-SLCM and Spares businesses continue to gain momentum.”
He adds, “Our strategic investments, such as a dedicated B2B channel for non-SLCM sales and leadership enhancement initiatives, are laying the foundation for the next phase of growth. We’re also excited about the upcoming launch of our Adinarayanahosahalli plant in H2 FY26, which will add further capacity and product flexibility.”
Tuhin Basu, Chief Financial Officer, Ajax Engineering Limited added, “We have delivered a healthy performance in Q4 and FY25 with revenue growth across several key business areas – our SLCM and non-SLCM segments grew at 18% YoY; the Spare Parts and Service revenue rose 33% YoY and revenue from exports increased 29% YoY. Our EBITDA has grown by 15% YoY.”
He adds, “Despite margin pressures this year due to capability building, we expect profitability to normalize as our investments start delivering results.”
