Azad Engineering Ltd

Azad Engineering secures Rs 52.68 crore, two-year contract from Bharat Heavy Electricals Limited

12 Oct 2026

Azad Engineering Limited has been awarded a long-term rate contract by Bharat Heavy Electricals Limited (BHEL), a Maharahstra-based Indian public sector undertaking, for the supply of critical stationary and rotating airfoils (blades) for gas turbines. The contract, valued at approximately Rs 52.68 crore, spans two years and is set to be executed by October 9, 2028. While a similar contract was executed in May 2026, the combined value and duration of the current arrangement are now considered material, marking an important step in Azad’s role in India’s power generation equipment ecosystem and supporting BHEL's efforts to indigenize gas turbine components.

Azad Engineering Ltd leads gainers in 'A' group

29 Sept 2026

Electrosteel Castings Ltd, Marksans Pharma Ltd, Kirloskar Oil Engines Ltd and Ashapura Minechem Ltd are among the other gainers in the BSE's 'A' group today, 29 September 2026.

Electrosteel Castings Ltd, Marksans Pharma Ltd, Kirloskar Oil Engines Ltd and Ashapura Minechem Ltd are among the other gainers in the BSE's 'A' group today, 29 September 2026. Azad Engineering Ltd spiked 8.33% to Rs 2953.25 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.6 lakh shares were traded on the counter so far as against the average daily volumes of 28694 shares in the past one month. Electrosteel Castings Ltd soared 7.75% to Rs 77.7. The stock was the second biggest gainer in 'A' group. On the BSE, 2.68 lakh shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one month. Marksans Pharma Ltd surged 4.34% to Rs 346. The stock was the third biggest gainer in 'A' group. On the BSE, 2.14 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one month. Kirloskar Oil Engines Ltd gained 4.13% to Rs 2228.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 10074 shares were traded on the counter so far as against the average daily volumes of 44991 shares in the past one month. Ashapura Minechem Ltd advanced 4.07% to Rs 522.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 7367 shares were traded on the counter so far as against the average daily volumes of 93578 shares in the past one month.

Azad Engineering Q4 PAT climbs 42% YoY to Rs 36 crore

18 May 2026

Azad Engineering reported a 42.42% year-on-year rise in consolidated net profit to Rs 35.99 crore for the fourth quarter ended 31 March 2026, compared with Rs 25.27 crore posted in the corresponding quarter last year.

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 News

Azad Engineering Q4 PAT climbs 42% YoY to Rs 36 crore

16 May 2026

Azad Engineering reported a 42.42% year-on-year rise in consolidated net profit to Rs 35.99 crore for the fourth quarter ended 31 March 2026, compared with Rs 25.27 crore posted in the corresponding quarter last year.

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 News