Ajax Engineering Limited (AJAXENGG) Q4 22/23 earnings summary

Executive summary

• FY2022-23 revenue from operations rose 51% YoY to Rs. 11,511.28 million; profit for the year increased to Rs. 1,359.04 million from Rs. 662.08 million.

• Products span concrete mixers, batching plants, pumps and pavers, serving infrastructure, irrigation, urban development, power, housing and industrial applications.

Financial highlights

• Total revenues were Rs. 11,725.69 million, including Rs. 214.41 million of other income, versus Rs. 7,718.53 million in FY2021-22.

• Total expenses increased to Rs. 9,896.20 million from Rs. 6,814.26 million; profit before tax was Rs. 1,829.49 million versus Rs. 904.27 million.

• Tax expense was Rs. 470.45 million, compared with Rs. 242.19 million; profit for the year was Rs. 1,359.04 million versus Rs. 662.08 million.

Outlook and guidance

• Dealer appointments across business operations and an expanded distribution network in Asia, the Middle East and Africa support domestic and international reach.

• Twin-shaft mixer and CRB 30PC batching plant commercialization and validation were planned for FY2023-24.

• New export-oriented offerings included a biodiesel-compatible SLCM and cabin configurations designed for international market requirements.