Azad Engineering Ltd

Revenue from operations rose 27.26% YoY to Rs 161.54 crore in the quarter ended 31 March 2026. Profit before tax (PBT) surged 42.80% to Rs 51.24 crore during the quarter, as against Rs 35.88 crore reported in Q4 FY25. Total expenses rose 34.37% year-on-year to Rs 126.89 crore, driven by a 4.62% increase in the cost of materials consumed to Rs 30.99 crore and a 50.98% rise in employee benefits expenses to Rs 38.32 crore during the quarter. On a standalone basis, net profit climbed 34.95% to Rs 35.13 crore on a 26.39% increase in revenue from operations to Rs 157.39 crore in Q4 FY26 over Q4 FY25. EBITDA rose 27.11% to Rs 57.76 crore in Q4 FY26 from Rs 45.44 crore reported a year earlier. EBITDA margin improved marginally to 36.7% from 35.5% in the corresponding quarter last year. Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, 'FY26 was a year of clear focus on consolidation and stabilization - embedding newly commissioned capacities, strengthening OEM qualifications, and building the human capital foundation for the next phase of growth. From a financial perspective, Q4 FY26 was another strong quarter, with healthy revenue growth and sustained margins. This momentum continued throughout the full year, with total revenue reaching close to Rs 6,000 million, reflecting consistent execution and increasing contributions from advanced manufacturing programs. On the CAPEX front, we made steady progress by commissioning four dedicated lean manufacturing facilities for our customers since listing, including two during FY26 and one as recently as last month. Looking ahead, we remain confident of sustaining strong growth momentum, supported by favourable industry tailwinds and continued investments in capacity expansion.' The official announcement was made on 15 May 2026, after market hours. 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 counter tumbled 7.02% to Rs 1,954 on the BSE. Powered by Capital Market - Live

Revenue from operations rose 27.26% YoY to Rs 161.54 crore in the quarter ended 31 March 2026. Profit before tax (PBT) surged 42.80% to Rs 51.24 crore during the quarter, as against Rs 35.88 crore reported in Q4 FY25. Total expenses rose 34.37% year-on-year to Rs 126.89 crore, driven by a 4.62% increase in cost of materials consumed to Rs 30.99 crore and a 50.98% rise in employee benefits expenses to Rs 38.32 crore during the quarter. On a standalone basis, net profit climbed 34.95% to Rs 35.13 crore on a 26.39% increase in revenue from operations to Rs 157.39 crore in Q4 FY26 over Q4 FY25. EBITDA rose 27.11% to Rs 57.76 crore in Q4 FY26 from Rs 45.44 crore reported a year earlier. EBITDA margin improved marginally to 36.7% from 35.5% in the corresponding quarter last year. Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, 'FY26 was a year of clear focus on consolidation and stabilization - embedding newly commissioned capacities, strengthening OEM qualifications, and building the human capital foundation for the next phase of growth. From a financial perspective, Q4 FY26 was another strong quarter, with healthy revenue growth and sustained margins. This momentum continued throughout the full year, with total revenue reaching close to Rs 6,000 million, reflecting consistent execution and increasing contributions from advanced manufacturing programs. On the CAPEX front, we made steady progress by commissioning four dedicated lean manufacturing facilities for our customers since listing, including two during FY26 and one as recently as last month. Looking ahead, we remain confident of sustaining strong growth momentum, supported by favourable industry tailwinds and continued investments in capacity expansion.' 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 counter slipped 3.72% to Rs 2,101.50 on the BSE. Powered by Capital Market - Live

Net profit of Azad Engineering rose 42.42% to Rs 35.99 crore in the quarter ended March 2026 as against Rs 25.27 crore during the previous quarter ended March 2025. Sales rose 27.27% to Rs 161.54 crore in the quarter ended March 2026 as against Rs 126.93 crore during the previous quarter ended March 2025. For the full year,net profit rose 52.18% to Rs 132.88 crore in the year ended March 2026 as against Rs 87.32 crore during the previous year ended March 2025. Sales rose 31.84% to Rs 602.98 crore in the year ended March 2026 as against Rs 457.35 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales161.54126.93 27 602.98457.35 32 OPM %37.9635.92 -37.3735.27 - PBDT68.0445.14 51 240.15153.51 56 PBT51.2435.88 43 187.31124.03 51 NP35.9925.27 42 132.8887.32 52 Powered by Capital Market - Live

Azad Engineering will hold a meeting of the Board of Directors of the Company on 15 May 2026.

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