Commercial Vehicles company Ajax Engineering announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations up by 15%, from Rs 657 crore to Rs 756 crore. Reported EBITDA up by 1.5%, from Rs 109 crore to Rs 111 crore. EBITDA Margin declined by 190 bps, from 16.6% to 14.7%. Reported PAT up by 3%, from Rs 88 crore to Rs 91 crore. PAT Margin declined by 140 bps, from 13.4% to 12.0%. FY25 Financial Highlights: Revenue from Operations up by 19%, from Rs 1,741 crore to Rs 2,074 crore. Reported EBITDA up by 15.5%, from Rs 276 crore to Rs 318 crore. EBITDA Margin declined by 50 bps, from 15.8% to 15.3%. Reported PAT up by 15.5%, from Rs 225 crore to Rs 260 crore. PAT Margin declined by 40 bps, from 12.9% to 12.5%. Shubhabrata Saha, Managing Director & CEO, Ajax Engineering 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 Rs 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. 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 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. We remain committed to balancing growth with financial prudence. Our strong cash position and lean working capital ensure we are well positioned to invest in capacity, innovation, and expansion. Despite margin pressures this year due to capability building, we expect profitability to normalize as our investments start delivering results.” Result PDF
Conference Call with Ajax Engineering Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.