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Azad Engineering Results: Latest Quarterly Results & Analysis

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Azad Engineering Ltd. 03 Nov 2025 12:12 PM

Q2FY26 Quarterly Result Announced for Azad Engineering Ltd.

Industrial Machinery company Azad Engineering announced Q2FY26 results

  • Revenue from Operations: Rs 1,426.7 million compared to Rs 1,114.1 million during Q2FY25, change 28.1%.
  • EBITDA: Rs 513.8 million compared to Rs 397.9 million during Q2FY25, change 29.2%.
  • EBITDA Margin: 36.0% for Q2FY26.
  • PBT: Rs 468.1 million compared to Rs 299.4 million during Q2FY25, change 56.4%.
  • PAT: Rs 330.0 million compared to Rs 210.7 million during Q2FY25, change 56.6%.

Rakesh Chopdar Chairman & CEO, said: “Azad continues to demonstrate solid performance quarter after quarter, supported by a proven product portfolio that is consistently evolving to meet the high standards of our clients. Our performance in the second quarter of FY26 and the first half of FY26 has exceeded all previous benchmarks in terms of both revenue and profitability.

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 commercialisation of new products.

Our orderbook 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.”

Result PDF

Industrial Machinery company Azad Engineering announced Q1FY26 results

  • Revenue: Rs 1,345.1 million compared to Rs 984.1 millioon during Q1FY25, change 36.7%.
  • EBITDA: Rs 485.1 million compared to Rs 330.5 millioon during Q1FY25, change 46.8%.
  • EBITDA Margin: 36.1% for Q1FY26.
  • PBT: Rs 424.3 million compared to Rs 243.7 millioon during Q1FY25, change 74.1%.
  • PAT: Rs 299.9 million compared to Rs 171.3 millioon during Q1FY25, change 75.1%.
  • PAT Margin: 22.3% for Q1FY26.

Rakesh Chopdar Chairman & CEO, said: “We are encouraged by the strong momentum in our business during Q1FY26, as we delivered our highest-ever quarterly performance in both revenue and profitability terms. This achievement was primarily driven by a robust 41.7 % YoY growth in the Energy and Oil & Gas segment and a 26.3 % YoY increase in the Aerospace & Defence segment. The strong sales performance reflects the continued trust our customers place in our execution capabilities across key verticals. Our evolving sales mix, combined with operating leverage, contributed to a healthier margin profile during the quarter.

FY26 will be a year of consolidation and stabilization, as we focus on systematically ramping up our new facilities to effectively serve our expansive orderbook exceeding Rs 60 billion. With strong execution, growing demand across sectors, and a healthy pipeline, the company is well-positioned to sustain its high-growth trajectory and reinforce its leadership position in the manufacturing sector.”

Result PDF

Industrial Machinery company Azad Engineering announced Q1FY25 results:

  • Revenue: Rs 984.1 million, up by 29.6% YoY
  • Adjusted EBITDA: Rs 339.2 million, up by 28.8% YoY
  • PAT: Rs 171.3 million, up by 131.5% YoY

Rakesh Chopdar, Chairman & CEO of the firm said, “Q1FY25 was an outstanding quarter for Azad, with revenue (Rs984.1 Mn) and profitability (Adjusted EBITDA – Rs 339.2 million and PAT – Rs 171.3 million) at record levels. On a YoY basis, the topline grew by 29.6%, adjusted EBITDA increased by 28.8%, and PAT expanded to more than double levels. As per our expectations, the aerospace and defense business has taken off well during the quarter, revenues in Q1FY25 crossing three times the level of Q1FY24. With the first article inspection coming in, we have started commercial production on the oil and gas side, and we expect this to unfold in a big way in FY25 and onwards.

We have signed prestigious contracts with Siemens Energy Global and GTRE / DRDO under Ministry of Defence, which are a reflection of Azad’s strategic importance in the domestic and global supply chains. Additionally, we have incrementally added capabilities from component manufacturing to supplying jet engine assemblies, AZAD has moved up the value chain and expanded its TAM significantly. As a part of capability enhancement, we have also acquired the assets of Leo Primecomp Private Limited, which will help us expand the growing requirements in heavy machining to our manufacturing capabilities and consolidate our position in the nuclear, gas, thermal, and oil and gas sectoRs

Our strong growth across segments and geographies, coupled with new order wins, is a testament to the trust that Azad has gained with its several years of hard work. We are maintaining our legacy in niche mission-critical components across sectors beyond Nuclear, Energy, Aerospace, Defence, and Oil & Gas where Azad is already an established and proven name.”

Result PDF

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