Azad Engineering Ltd

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

Azad Engineering signed  a new long term contract and price agreement with Mitsubishi Heavy Industries, Japan (MHI), valued at USD ($) 73.47 million (Rs 651 crore) for supply of highly engineered & complex rotating and stationary Airfoils for Advanced Gas & Thermal power turbine engines to meet their global demand in the power generation industry. This contract is incremental to last signed contract on 03 November 2024. This Phase 2 of the contract, is a robust step towards cementing our everlasting strategic relationship with Mitsubishi Heavy Industries, Japan (MHI) and with the addition of this agreement, the combined value of contract now stands at USD 156.36 million (Rs 1,387 crore).Powered by Capital Market - Live

The facility was inaugurated in the presence of Siemens Energy's senior global leadership team. It is designed to support the supply of highly engineered and complex rotating and stationary airfoils, critical components, subassemblies, and assemblies for advanced gas, industrial, and thermal power turbine engines. The new plant aims to meet Siemens Energy's global demand across power generation and essential industries. 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 73.59% to Rs 29.72 crore on 39.30% increase in revenue from operations to Rs 137.09 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

 Azad Engineering has inaugurated exclusive lean manufacturing facility at its new plant in Tunikibollaram IP, Hyderabad. The facility was inaugurated in the presence of Siemens Energy's senior global leadership team. This facility will serve and support the supply of highly engineered and complex rotating and stationary Airfoils, critical components, subassemblies and assemblies for advanced Gas; Industrial and thermal power turbine engines, meeting Siemens Energy's global demand in the power generation and essential industriesPowered by Capital Market - Live

Azad Engineering announced that the 42nd Annual General Meeting(AGM) of the company will be held on 30 September 2025.Powered by Capital Market - Live

Profit before tax (PBT) climbed 71.88% YoY to Rs 41.87 crore in Q1 FY26. Total expenses jumped 39.17% to Rs 103.92 crore in Q1 FY26 compared with Rs 74.67 crore in Q1 FY25. Cost of material consumed stood at Rs 41.96 crore (up 148.43% YoY), finance cost was at Rs 5.91 crore (up 80.18% YoY) and employee benefits expenses stood at Rs 29.31 crore (up 43.39% YoY) during the period under review. 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