Ajax Engineering Posts 48% Revenue Growth Despite Margin Pressure

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reported strong quarterly performance with revenue rising 48% to ₹445 crores, supported by robust growth in its SLCM segment. However, EBITDA margins weakened by 280 bps to 10.2% due to higher production costs associated with new CEV5 emission-compliant machines. The company continues to hold a dominant 71% market share, while managing challenges such as extended monsoons, contractor cash-flow delays, and the transition to updated emission norms.