Ajax Engineering Limited (NSE:AJAXENGG)

Ajax Engineering Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	21,006	20,739	17,414	11,511	7,633	7,417
Revenue Growth (YoY)	6.34%	19.09%	51.28%	50.81%	2.91%	-1.70%
Cost of Revenue	15,898	15,183	12,827	8,331	5,522	5,023
Gross Profit	5,108	5,556	4,587	3,180	2,111	2,394
Selling, General & Admin	1,278	1,209	966.11	789.69	701.36	634.78
Other Operating Expenses	1,210	1,165	857.28	681.71	503.44	470.18
Operating Expenses	2,601	2,483	1,926	1,557	1,287	1,185
Operating Income	2,507	3,073	2,660	1,623	823.75	1,209
Interest Expense	-	-4.29	-20.27	-6.75	-4.21	-8.94
Interest & Investment Income	85.9	76.87	69.92	31.97	12.78	59.73
Currency Exchange Gain (Loss)	9.92	9.92	1.38	13.15	7.39	-0.02
Other Non Operating Income (Expenses)	68.38	19.58	1.9	3.65	0.22	0.36
EBT Excluding Unusual Items	2,672	3,175	2,713	1,665	839.93	1,261
Gain (Loss) on Sale of Investments	334.58	334.58	306.3	152.11	64.34	23.94
Gain (Loss) on Sale of Assets	-0.58	-0.58	-7.74	-1.01	-0.91	-0.46
Other Unusual Items	-30.98	0.06	7.21	13.53	0.91	9.37
Pretax Income	2,975	3,509	3,019	1,829	904.27	1,293
Income Tax Expense	763.24	907.86	767.68	470.45	242.19	319.55
Net Income	2,211	2,601	2,251	1,359	662.08	973.91
Net Income to Common	2,211	2,601	2,251	1,359	662.08	973.91
Net Income Growth	-14.10%	15.52%	65.67%	105.27%	-32.02%	-2.44%
Shares Outstanding (Basic)	114	114	114	114	114	114
Shares Outstanding (Diluted)	115	115	115	114	114	114
Shares Change (YoY)	0.14%	0.04%	0.50%	-	-	-
EPS (Basic)	19.33	22.73	19.68	11.88	5.79	8.51
EPS (Diluted)	19.20	22.61	19.58	11.88	5.79	8.51
EPS Growth	-14.22%	15.47%	64.83%	105.27%	-32.02%	-2.44%
Free Cash Flow	-	192.68	1,842	1,675	701.57	350.44
Free Cash Flow Per Share	-	1.68	16.02	14.64	6.13	3.06
Dividend Per Share	-	-	2.950	-	-	-
Gross Margin	24.32%	26.79%	26.34%	27.62%	27.65%	32.28%
Operating Margin	11.94%	14.82%	15.28%	14.10%	10.79%	16.31%
Profit Margin	10.53%	12.54%	12.93%	11.81%	8.67%	13.13%
Free Cash Flow Margin	-	0.93%	10.57%	14.55%	9.19%	4.72%
EBITDA	2,607	3,166	2,745	1,691	888.02	1,272
EBITDA Margin	12.41%	15.27%	15.76%	14.69%	11.63%	17.16%
D&A For EBITDA	99.43	93.08	84.62	68.17	64.27	62.96
EBIT	2,507	3,073	2,660	1,623	823.75	1,209
EBIT Margin	11.94%	14.82%	15.28%	14.10%	10.79%	16.31%
Effective Tax Rate	25.66%	25.87%	25.43%	25.71%	26.78%	24.70%
Revenue as Reported	21,483	21,167	17,801	11,726	7,719	7,510
Advertising Expenses	-	93.8	86.74	60.57	26.17	17.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.