Azad Engineering Ltd

The frontline indices traded with modest cuts in early afternoon trade as investors awaited the RBI's monetary policy decision later in the week amid ongoing trade war concerns. The Nifty traded below the 23,650 mark. Consumer duarables shares extended losses for the second consecutive trading session. Trading was volatile due to the weekly Nifty 50 F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 260.19 points or 0.33% to 78,004.52. The Nifty 50 index lost 83.65 points or 0.35% to 23,612.65. In the broader market, the S&P BSE Mid-Cap index shed 0.61% and the S&P BSE Small-Cap index added 0.05%. The market breadth was positive. On the BSE, 1,961 shares rose and 1,783 shares fell. A total of 158 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.73% to 14.33. The Nifty 27 February 2025 futures were trading at 23,709, at a premium of 96.35 points as compared with the spot at 23,612.65. The Nifty option chain for the 27 February 2024 expiry showed maximum Call OI of 50.7 lakh contracts at the 24,000 strike price. Maximum put OI of 58.5 lakh contracts were seen at 23,000 strike price. Buzzing Index: The Nifty Consumer Durables index declined 1.41% to 38,270.95. The index dropped 2.41% in two consecutive trading sessions. Kalyan Jewellers India (down 2.98%), Dixon Technologies (India) (down 2.77%), Titan Company (down 1.88%), Voltas (down 1.71%), Crompton Greaves Consumer Electricals (down 1.34%), Whirlpool of India (down 1.33%), Kajaria Ceramics (down 0.81%), Century Plyboards (India) (down 0.78%), V-Guard Industries (down 0.74%) and Amber Enterprises India (down 0.73%) declined. On the other hand, Rajesh Exports (up 4.01%), Cera Sanitaryware (up 0.47%) and Blue Star (up 0.15%) edged higher. Stocks in Spotlight: Azad Engineering gained 2.29% after the company has signed pact with Rolls- Royce PLC, London- United Kingdom to produce civil aircraft engine components in India. Cummins India added 1.58% after the company's standalone net profit jumped 12.98% to Rs 514 crore in Q3 FY25 as against Rs 454.92 crore posted in Q3 FY24. Revenue from operations was at Rs 3,041.42 crore in Q3 FY25, marking a growth of 21.56% as against Rs 2,501.81 crore reported in the same quarter last year. Data Patterns (India) slipped 2.74% after the company's standalone net profit fell 12.4% to Rs 44.66 crore in Q3 FY25 as against Rs 50.97 crore posted in Q3 FY24. The company's revenue from operations declined 16.1% YoY to Rs 117.04 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

Under the agreement, the firm will produce civil aircraft engine components to supply on a long-term basis super critical complex machined parts for a period of life of the engine program. 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 jumped 42.3% to Rs 23.92 crore on a 35% increase in net sales to Rs 120.48 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

Rolls- Royce PLC, London- United Kingdom inks deal with AZAD Engineering to produce CIVIL AIRCRAFT ENGINE components in AZAD, India to supply on a long term basis super critical complex machined parts for a period of life of the Engine Program. This milestone agreement marks another new chapter of CIVIL AIRCRAFT ENGINE COMPONENTS in the collaboration between Azad Engineering and Rolls Royce, reinforcing both organizations' commitment to innovation, precision engineering, and excellence in Aerospace Manufacturing.Powered by Capital Market - Live

Net profit of Azad Engineering rose 42.30% to Rs 23.92 crore in the quarter ended December 2024 as against Rs 16.81 crore during the previous quarter ended December 2023. Sales rose 35.02% to Rs 120.48 crore in the quarter ended December 2024 as against Rs 89.23 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales120.4889.23 35 OPM %35.5436.69 - PBDT41.4831.81 30 PBT34.0426.59 28 NP23.9216.81 42 Powered by Capital Market - Live

Azad Engineering has signed a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG, for manufacturing and supply of mission critical components, including combustion commodities, cold blades & vanes, machined parts & assemblies. This current phase of contract is valued at ' 90.1 million (Rs 811 crore) for a span of 6 years.Powered by Capital Market - Live

Azad Engineering will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

These airfoils are currently imported due to their high precision and technical complexity. AZAD Engineering has met these stringent requirements, establishing itself as an import substitute,' the company stated. This purchase order is a part of collaborative indigenization project and is the result of a collaborative evaluation and approval by the Central Electricity Authority (Ministry of Power), National Thermal Power Corporation (NTPC), and Bharat Heavy Electrical (BHEL). Azad Engineering is engaged in the manufacturing precision forged and machined components for clean energy, aerospace, defence, oil and gas, standalone power supply (SPS) as required by OEMs, with its manufacturing unit in Hyderabad. The company's consolidated net profit rose 8.1% to Rs 21.01 crore on 34.6% jump in net sales to Rs 111.54 crore in Q2 FY25 over Q2 FY24. The scrip tumbled 8.29% to currently trade at Rs 1306.40 on the BSE. Powered by Capital Market - Live

The key equity indices traded with modest gains in early afternoon trade, supported by positive global cues. Notably, the closure of Hindenburg Research and favorable developments in the Israel-Hamas ceasefire contributed to the market's upward movement. The Nifty traded above the 23,250 mark. Financial services shares advanced after declining in the past trading session. Trading was volatile due to the weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 259.97 points or 0.34% to 76,983.01. The Nifty 50 index added 84.25 points or 0.36% to 23,297.45. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index added 0.87% and the S&P BSE Small-Cap index rallied 1.27%. The market breadth was strong. On the BSE, 2,722 shares rose and 1,105 shares fell. A total of 132 shares were unchanged. Economy: India's trade deficit widened to $21.94 billion in December from $18.76 billion a year ago as merchandise exports contracted for the second month in a row, data released Wednesday showed. Exports contracted by about 1% year-on-year to $ 38.01 billion due to global uncertainties, while imports rose by about 5% to $ 59.95 billion. Gold imports in December amounted to $4.7 billion. However, the merchandise trade deficit narrowed in December compared with November. The government had revised November's gold imports to $9.84 billion from $14.86 billion announced earlier. The correction had lowered the November trade deficit to $32.8 billion from a record $37.8 billion estimated earlier. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.09% to 15.27. The Nifty 30 January 2025 futures were trading at 23,370, at a premium of 72.55 points as compared with the spot at 23,297.45 The Nifty option chain for the 30 January 2025 expiry showed maximum Call OI of 53.7 lakh contracts at the 24,000 strike price. Maximum Put OI of 43.3 lakh contracts was seen at 23,000 strike price. Buzzing Index: The Nifty Financial Services index gained 1.07% to 22,922.80. The index shed 0.11% in the past trading sessions. HDFC Life Insurance Company (up 8.9%), SBI Life Insurance Company (up 3.6%), Cholamandalam Investment & Finance Company (up 3.02%), Shriram Finance (up 2.83%), ICICI Prudential Life Insurance Company (up 2.49%), LIC Housing Finance (up 2.32%), SBI Cards & Payment Services (up 2.01%), Multi Commodity Exchange of India (up 1.85%), Power Finance Corporation (up 1.85%) and Axis Bank (up 1.31%) advanced. Stocks in Spotlight: Azad Engineering jumped 5.66% after the firm signed a long term supply agreement with Ge Vernova International LLC, USA with a contract value of $112 million, equivalent to Rs 960 crore. Garuda Construction and Engineering jumped 5.66% after the company announced its largest-ever order win of Rs 1,087.34 crore from Gorakhpur Development Authority ' a department of the Government of Uttar Pradesh. Zen Technologies rallied 4.01% after the company announced that it has secured successful design registration for its 60 mm Mortar Training Simulator under the Designs Act, India. Powered by Capital Market - Live

The order entails supply of highly engineered, complex rotating and stationary airfoils for advanced gas turbine engines to meet Ge Vernova's global demand in the power generation industry. The contract value is $112 million (Rs 960 crore) and it is to be executed for a period six years. Azad Engineering is engaged in the manufacturing precision forged and machined components for clean energy, aerospace, defence, oil and gas, standalone power supply (SPS) as required by OEMs, with its manufacturing unit in Hyderabad. The company's consolidated net profit rose 8.1% to Rs 21.01 crore on 34.6% jump in net sales to Rs 111.54 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Azad Engineering has signed a long term (6-year) supply agreement with GE Vernova International LLC, USA for the supply of highly engineered, complex rotating and stationary airfoils for advanced gas turbine engines to meet their global demand in the power generation industry. This current phase of the contract is valued at - USD ($) 112 Million (Rs 960 crore). Powered by Capital Market - Live