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Azad Engineering Earnings Call: Key Takeaways

Azad Engineering delivered a strong Q4 FY26 with 26.4% revenue growth. The company is transitioning from a heavy capex phase to a conversion and execution phase across global OEM platforms.

Highlights
Revenue growthFY26 up 32% YoY; Q4 up 26.4% YoY.
MarginsConsolidated EBITDA margin at 37.4%; PAT margin at 22.4%.
Order bookApproximately ₹6,500 crores; 11-12x FY26 revenue.
Demand visibilityStrong visibility; multi-year contracts with global OEMs like GE, Mitsubishi.
Management confidenceHigh; described as a cumulative payoff of long-term qualification work.

Growth

FY26 consolidated revenue was ₹603cr (32%+ YoY growth); PAT stood at ₹134cr (54.4% YoY growth).

Outlook

Guided 25%+ top-line growth for FY27; ₹180-190cr balance capex; target to normalize inventory levels.

Risks

Geopolitical tensions; complex multi-year qualification cycles; high working capital requirements; execution risks during rapid plant ramp-ups.

Source

Earnings Call filed with NSE, NSE: AZAD. Summary written with AI assistance from the document.

Read the document ↗

Azad Engineering Ltd: key numbers

Share price
₹2,728.00
Market cap
₹17,618 Cr
Revenue (annual)
₹603.0 Cr
Net profit (annual)
₹132.9 Cr
P/E (TTM)
126.8×Sector 53.6×
Promoter holding
55.84%+0.00% QoQ
FII holding
13.30%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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