Ajax Engineering Limited (AJAXENGG) Q4 21/22 earnings summary

Executive summary

• FY 2021-22 revenue from operations was Rs 7,632.89 million; profit after tax was Rs 662.08 million, versus Rs 7,416.89 million and Rs 973.91 million in FY 2020-21.

• Business spans self-loading concrete mixers, transit mixers, batching plants, pumps and related equipment, serving infrastructure, irrigation, urban development, power, housing and industrial projects.

Financial highlights

• Total income was Rs 7,718.53 million versus Rs 7,510.29 million; total expenditure was Rs 6,814.26 million versus Rs 6,216.83 million.

• Profit before tax was Rs 904.27 million versus Rs 1,293.46 million; profit after tax was Rs 662.08 million versus Rs 973.91 million.

• Other comprehensive income was Rs 1.69 million, bringing total comprehensive income to Rs 663.77 million versus Rs 974.57 million.

• Basic and diluted EPS were Rs 2,314.83 each, versus Rs 3,405.08 each in FY 2020-21.

• Net cash generated from operating activities was Rs 847.24 million versus Rs 715.43 million; cash and cash equivalents closed at Rs 129.39 million versus Rs 506.46 million.

Outlook and guidance

• Directors said they continue to seek avenues for future growth; no quantified revenue or earnings guidance was stated.

• Dealer coverage is being expanded across domestic operations, with international distribution networks in Asia, the Middle East and Africa.