AJAX Engineering Limited — Earnings Release 2025

May 27, 2025

REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly known as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www.ajax-engg.com

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Date: May 27, 2025

To,

BSE Limited, 20th Floor, P.J. Towers, Dalal Street, Mumbai – 400001 BSE Scrip Code: 544356

National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 NSE Scrip Symbol: AJAXENGG

Subject: Press Release on Audited Standalone Financial Results for the quarter and year ended on March 31, 2025

Dear Sir / Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Press Release on the Audited Standalone Financial Results for the quarter and year ended on March 31, 2025.

We request you to please take the same on record.

Thanking you,

For Ajax Engineering Limited

(Formerly known as Ajax Engineering Private Limited)

SHRUTI Digitally signed by SHRUTI VISHWANATH VISHWANA SHETTY Date: 2025.05.27 TH SHETTY 19:11:36 +05'30'

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Shruti Vishwanath Shetty Company Secretary and Compliance Officer Membership No. A33617

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REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly known as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www.ajax-engg.com

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Ajax Engineering Revenue Grows by 19% to cross ₹2,000 Cr; PAT Grows 16% YoY to ₹260 Cr

Key Highlights – FY25

• Revenue from Operations: ₹2,074 crores, up 19% YoY

• EBITDA: ₹318 crores, up 15.5% YoY

• PAT: ₹260 crores, up 15.5% YoY

Q4 FY25 Snapshot

• Revenue: ₹756 crores, up 15% YoY

• EBITDA: ₹111 crores, up 1.5% YoY

• PAT: ₹91 crores, up 3% YoY

Bengaluru, India – May 27, 2025 – Ajax Engineering Limited, India’s leading concreting equipment manufacturer, announced its audited financial results for the fourth quarter and financial year ended March 31, 2025.

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FY25 Financial Highlights (All numbers are in Indian rupees in Crores except margins)
Particulars FY24 FY25 YoY Change (%)
Revenue from Operations 1741 2074 19%
Reported EBITDA 276 318 15.5%
EBITDA Margin (%) 15.8% 15.3% -50 bps
Reported PAT 225 260 15.5%
PAT Margin (%) 12.9% 12.5% -40 bps
Quarterly Financial Highlights (All numbers are in Indian rupees in Crores except margins)
Particulars Q4 FY24 Q4 FY25 YoY Change (%)
Revenue from Operations 657 756 15%
Reported EBITDA 109 111 1.5%
EBITDA Margin (%) 16.6% 14.7% -190 bps
Reported PAT 88 91 3%
PAT Margin (%) 13.4% 12.0% -140 bps
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Mr. Shubhabrata Saha, Managing Director & CEO, Ajax Engineering Limited 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 ₹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.”

Mr. Tuhin Basu, Chief Financial Officer, Ajax Engineering Limited added, “We have delivered a healthy performance in Q4 and FY25 with revenue growth across several key business areas – our

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REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly known as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www.ajax-engg.com

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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.”

Strategic Updates

• Launched CEV-5 compliant models ahead of time: Ajax ramped up CEV-4 inventory ahead of the June 2025 deadline and simultaneously launched CEV-5 compliant models. CEV-5 machines contributed ~1/3rd of Q4 sales.

• Product Innovation: Ajax remains the only Indian company to have developed an in-house Slip-Form Paver and commercial 3D Concrete Printer.

• Dealer Network: Expanded to 51 domestic dealers and 26 international distributors across 48 countries.

• New Facility Launch: The upcoming Adinarayanahosahalli plant is on track for commissioning by Q2 FY26, with commercial production starting in H2 FY26

• B2B Channel Expansion: The company is scaling its non-SLCM portfolio through a new B2B go-to-market strategy aimed at institutional buyers.

About Ajax Engineering Limited

AJAX is a renowned concreting equipment player, excelling in engineering expertise and exceptional after-sales support. Established in 1992, it has become the global leader in Self-Loading Concrete Mixers. Headquartered in Bangalore, AJAX operates state-of-the-art manufacturing facilities in Doddaballapur and Gowribidanur. With a widespread presence across 100+ touch points worldwide, AJAX ensures comprehensive sales and after-sales support. Its distribution network spans Bangladesh, Nepal, Bhutan, Sri Lanka, Maldives, Myanmar, Mozambique, Philippines, Kenya, Tunisia, UAE, Vietnam, Cambodia, Oman, Uganda, Russia, and Egypt. Adapting to customer needs, AJAX strives to be the most customer-centric organization, offering end-to-end solutions for production, transport, placement, and pavement. Its product range includes Self-loading concrete mixers, Concrete batching plants, Transit mixers, Stationary pumps, Boom pumps, Self-propelled boom pumps, and Slip-form pavers. AJAX's strength lies in technology, blending engineering knowledge with effective customer relationship management for unparalleled customer value creation.

• To learn more, visit: www.ajax engg.com

Investor and Media Contacts

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Investor Contact Media Contact
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Investor Contact Media Contact	Investor Contact Media Contact	Investor Contact Media Contact
	Sagar Shroff / Tanay Shah M: +91 9820519303 / +91 9833391899 E:sagar.shroff@sgapl.net / tanay.shah@sgapl.net	Rahul Chittyana/ Moumita Chattaraj M: +91 9845288264/ +91 8825291882 E:rahul.chittyana@adfactorspr.com E:moumita.chattaraj@adfactorspr.com

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