Ajax Engineering Q2 FY27: Revenue Rs 487.00 crore; PAT Rs 50.90 crore, +30.4% YoY

• Revenue from operations (Q2 FY27, standalone): Rs 487.00 cr (Q2 FY26: Rs 444.80 cr)
• Total revenue from operations (H1 FY27): Rs 961.60 cr (H1 FY26: Rs 911.30 cr)
• Gross profit (Q2 FY27): Rs 117.90 cr (Q2 FY26: Rs 106.80 cr)
• Gross margin (Q2 FY27): 24.2% (Q2 FY26: 24.0%)
• Employee cost (Q2 FY27): Rs 27.30 cr (Q2 FY26: Rs 28.50 cr)
• Other expenses (Q2 FY27): Rs 39.20 cr (Q2 FY26: Rs 33.10 cr)
• EBITDA (Q2 FY27): Rs 51.50 cr (Q2 FY26: Rs 45.30 cr)
• EBITDA margin (Q2 FY27): 10.6% (Q2 FY26: 10.2%)
• Other income (Q2 FY27): Rs 19.80 cr (Q2 FY26: Rs 10.10 cr)
• Depreciation (Q2 FY27): Rs 3.00 cr (Q2 FY26: Rs 2.70 cr)
• Finance cost (Q2 FY27): Rs 0.00 cr (Q2 FY26: Rs 0.10 cr)
• Profit before tax (Q2 FY27): Rs 68.20 cr (Q2 FY26: Rs 52.60 cr)
• Tax charge / (credit) (Q2 FY27): Rs 17.30 cr (Q2 FY26: Rs 13.60 cr)
• Profit after tax (Q2 FY27): Rs 50.90 cr (Q2 FY26: Rs 39.10 cr)
• PAT margin (Q2 FY27): 10.5% (Q2 FY26: 8.8%)

According to the profit & loss statement on page 11 of the investor presentation, Ajax Engineering Limited reported standalone total revenue from operations of Rs 487.00 cr for Q2 FY27, up from Rs 444.80 cr in the corresponding quarter a year earlier. Gross profit for the quarter was Rs 117.90 cr versus Rs 106.80 cr in Q2 FY26, with the reported gross margin at 24.2% compared with 24.0% a year ago.

On the cost side, employee cost in Q2 FY27 was Rs 27.30 cr, slightly lower than Rs 28.50 cr in Q2 FY26, while other expenses increased to Rs 39.20 cr from Rs 33.10 cr. EBITDA for Q2 FY27 stood at Rs 51.50 cr against Rs 45.30 cr in Q2 FY26, and the company’s reported EBITDA margin was 10.6% versus 10.2% in the prior-year quarter. Other income rose to Rs 19.80 cr from Rs 10.10 cr. Depreciation was Rs 3.00 cr (Q2 FY26: Rs 2.70 cr), and finance cost was Rs 0.00 cr compared with Rs 0.10 cr in the same quarter last year.

Profit before tax for Q2 FY27 was Rs 68.20 cr, up from Rs 52.60 cr in Q2 FY26. After a tax charge of Rs 17.30 cr (Q2 FY26: Rs 13.60 cr), profit after tax came in at Rs 50.90 cr, compared with Rs 39.10 cr in the year-ago quarter. The company’s reported PAT margin for Q2 FY27 was 10.5%, versus 8.8% in Q2 FY26.

For the half year, as shown in the same statement of financial results, total revenue from operations was Rs 961.60 cr in H1 FY27 versus Rs 911.30 cr in H1 FY26. Gross profit for H1 FY27 was Rs 242.20 cr (H1 FY26: Rs 227.30 cr), with a gross margin of 25.2% compared with 24.9%. EBITDA for H1 FY27 was Rs 110.60 cr versus Rs 106.60 cr in H1 FY26, and the reported EBITDA margin was 11.5% compared with 11.7% a year earlier. Profit before tax for H1 FY27 was Rs 142.50 cr (H1 FY26: Rs 123.60 cr), and profit after tax was Rs 106.50 cr versus Rs 91.90 cr, with a PAT margin of 11.1% compared with 10.1% in H1 FY26.