Ajax Engineering Limited (AJAXENGG) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations rose 51.28% YoY to ₹17,414.03 million; profit for the year increased to ₹2,251.49 million from ₹1,359.04 million.

• Higher machine volumes, especially self-loading concrete mixers, drove growth; management attributed improved profitability to cost controls and higher operating revenue.

Financial highlights

• Revenue from operations was ₹17,414.03 million vs ₹11,511.28 million; total income was ₹17,800.74 million vs ₹11,725.69 million.

• Profit before tax reached ₹3,019.17 million vs ₹1,829.49 million; profit after tax was ₹2,251.49 million vs ₹1,359.04 million.

• Total expenses rose to ₹14,781.57 million from ₹9,896.20 million; finance costs increased to ₹20.27 million from ₹6.75 million.

• Basic EPS was ₹19.68 and diluted EPS ₹19.58 vs ₹11.88 each; FY23 comparatives reflect the share split.

Segment performance

• Operations comprise one reportable business segment; FY24 revenue from India was ₹16,831.64 million and from the rest of the world ₹573.37 million.

• SLCM sales volume rose to 4,610 units from 2,961, generating ₹14,825.04 million vs ₹9,561.68 million.

• Machine sales were ₹16,365.55 million vs ₹10,640.65 million; spare-parts sales increased to ₹984.32 million from ₹816.92 million.