Azad Engineering Ltd

The amendment (Amendment No. 3) pertains to the supply of critical turbomachinery components used in power generation applications. The contract has been awarded by an international entity and will be executed over a long-term period extending up to December 2030. The financial details or size of the order have not been disclosed by the company, citing confidentiality. Azad Engineering clarified that the transaction does not involve any related party dealings, and neither the promoter nor promoter group entities have any interest in the awarding company. Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad. The company's consolidated net profit surged 46.4% to Rs 34.72 crore on a 31.7% increase in revenue from operations to Rs 158.72 crore in Q3 FY26 over Q3 FY25. Shares of Azad Engineering surged 8.25% to end at Rs 2,108.55 on the BSE.

The key domestic indices continued to trade with sharp losses in morning trade, tracking weak global cues amid persistent uncertainty over the de-escalation of Middle East tensions and renewed concerns about inflationary pressures. Investor sentiment remained cautious due to the lack of clarity on the reopening of the Strait of Hormuz. The Nifty hovered around the 23,000 level. PSU bank shares declined after advancing in the past two trading sessions. At 10:25 IST, the barometer index, the S&P BSE Sensex tumbled 963.23 points or 1.28% to 74,307.96. The Nifty 50 index declined 297.70 points or 1.28% to 23008.75. The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 1.801% and the BSE 250 SmallCap Index shed 1.82%. The market breadth was weak. On the BSE, 910 shares rose and 2,988 shares fell. A total of 185 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term rallied 8.34% to 26.70. The rupee fell to a record low of 94.2700 against the U.S. dollar, compared with its previous close of 93.9600 amid ongoing West Asia conflict. US-Iran Warfare As the Middle East conflict continues without clarity, uncertainty remains a key concern for investors. According to media reports, U.S. President Donald Trump has decided to extend the pause on potential strikes targeting Iran's energy infrastructure into April, stating that the decision was taken at Tehran's 'request.' However, subsequent media reports suggested that Iran had not formally sought any such pause. Meanwhile, Iran is said to have rejected a 15-point proposal put forward by the United States and instead presented its own set of conditions. These reportedly include assurances that the U.S. and Israel would not resume military actions against Iran, along with recognition of Iran's control over the Strait of Hormuz. Buzzing Index: The Nifty PSU Bank index dropped 2.80% to 8,340.80. The index jumped 4.24% in the past two consecutive trading sessions. Bank of Baroda (down 3.67%), Canara Bank (down 3.59%), Union Bank of India (down 3.34%), Punjab National Bank (down 3.25%), Bank of India (down 2.92%), Indian Bank (down 2.92%), UCO Bank (down 2.84%), Central Bank of India (down 2.7%), Punjab & Sind Bank (down 2.46%) and Bank of Maharashtra (down 2.37%) declined. Stocks in Spotlight: Azad Engineering rose 2.97% after the company signed an 8-year long-term contract and price agreement with Mitsubishi Heavy Industries (MHI), Japan, to supply complex hot-section nozzle vane segments for gas turbine engines. Concord Control Systems rose 0.16% after the company announced that its wholly owned subsidiary, Advanced Rail Controls, has secured an order worth Rs 84.68 crore from Indian Railways for the supply of a loco wireless control system.Powered by Capital Market - Live

The company has been selected as a single-source supplier, marking a transition from manufacturing compressor (cold-section) components to critical combustion hot-section parts, thereby expanding its partnership with MHI. The components will be manufactured at MHI's dedicated lean facility for advanced gas turbine platforms catering to global power generation markets. The company termed the agreement a milestone, marking its entry into high-precision turbine components. Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad. The company's consolidated net profit surged 46.4% to Rs 34.72 crore on a 31.7% increase in revenue from operations to Rs 158.72 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live

Net profit of Azad Engineering rose 44.27% to Rs 34.51 crore in the quarter ended December 2025 as against Rs 23.92 crore during the previous quarter ended December 2024. Sales rose 31.74% to Rs 158.72 crore in the quarter ended December 2025 as against Rs 120.48 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales158.72120.48 32 OPM %39.1935.54 - PBDT62.0241.48 50 PBT47.7834.04 40 NP34.5123.92 44 Powered by Capital Market - Live

Azad Engineering will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

The agreement establishes a framework for long-term collaboration, aimed at enhancing Azad's manufacturing capabilities in alignment with national aerospace and defense priorities. While the financial size and certain key terms of the agreement remain undisclosed due to confidentiality, the company clarified that no shareholding or related-party involvement exists between the two entities. As part of the collaboration, Azad will support Pratt & Whitney Canada in the production of critical engine components, reinforcing India's growing role as a trusted aerospace manufacturing hub. The arrangement does not involve issuance of shares, board nominations, or any potential conflict-of-interest scenarios, the company said. The agreement, signed with an international entity, is classified as a long-term contract, although the execution timeline has also been withheld due to confidentiality obligations. Azad noted that none of its promoters or promoter group companies have any interest in Pratt & Whitney Canada, and the engagement does not fall under related-party transactions. Further details on amendments or termination conditions will be disclosed to exchanges as required, the company added. Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad. The company's consolidated net profit surged 55.8% to Rs 32.74 crore on a 30.6% increase in revenue from operations to Rs 145.63 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live

Azad Engineering has signed a master terms agreement and purchase agreement with Pratt and Whitney Canada Corp., Canada for development and manufacturing of aircraft engine components. This agreement establishes a framework for long term collaboration aimed at strengthening Azad's manufacturing capabilities in the aerospace sector, in alignment with national strategic priorities. Powered by Capital Market - Live

Profit before tax (PBT) rose 56.3% YoY to Rs 46.43 crore in Q2 FY26, reflecting strong operational performance and resilient margins despite a rise in costs. Total expenses increased 33.8% YoY to Rs 111.44 crore, led by a 51.6% jump in employee benefit expenses to Rs 33.68 crore and a 39.8% rise in finance costs to Rs 6.71 crore during the quarter. On a standalone basis, the company's net profit advanced 22.14% to Rs 32.99 crore on a 28.06% increase in revenue from operations to Rs 142.67 crore in Q2 FY26 over Q2 FY25. EBITDA increased 29.2% to Rs 51.38 crore, from Rs 39.79 crore a year ago, with the EBITDA margin at 36%, slightly higher than 35.7% in Q2 FY25, reflecting operational efficiency and cost optimization. Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, 'Today, we have three customer-specific plants that showcase our ability to align closely with our global OEMs and scale with agility. These plants are aligned with our customers in the energy and oil & gas space, resulting in a 35.7% growth in this segment's revenues during H1FY26. Parallelly, the Aerospace & Defence segment registered a healthy 30.3% improvement on the back of the commercialization of new products. Our order book position has further strengthened with the signing of Phase 2 of the Mitsubishi contract, which has a combined contract value of Rs 13,870 million. With this strong order book and a strategic plan for expansion, we anticipate even stronger performance in the second half of FY26 and remain confident in achieving our projected 25% to 30% topline growth for the year.' Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad.Powered by Capital Market - Live

Net profit of Azad Engineering rose 55.83% to Rs 32.74 crore in the quarter ended September 2025 as against Rs 21.01 crore during the previous quarter ended September 2024. Sales rose 30.56% to Rs 145.63 crore in the quarter ended September 2025 as against Rs 111.54 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales145.63111.54 31 OPM %36.0835.74 - PBDT58.0836.52 59 PBT46.4329.75 56 NP32.7421.01 56 Powered by Capital Market - Live

Azad Engineering will hold a meeting of the Board of Directors of the Company on 1 November 2025.Powered by Capital Market - Live