ALFA Finder| Management target | Revenue 25.0% |
|---|
| Revenue growth | H1 consolidated +28.6%; Q2 +31.1% YoY |
|---|---|
| Margins | Standalone PAT margin 18.7% vs 22.7% PY; EBITDA steady near 37.5% |
| Order book | GTRE USD 112 Mn; Mitsubishi USD 83 Mn; Siemens Energy USD 90 Mn |
| Demand visibility | Strong demand across sectors; long-term contracts support visibility |
| Management confidence | High: 'inflection point', guidance reiterated, strong demand |
Growth
Q2 revenue +31.1%, EBITDA +37.5%, PAT -5.2% on higher staff, depreciation and finance costs. A&D revenue +28.3% in H1.
Outlook
Throughput from new capacity from Q3 FY27; revenue ramp from Q4 FY27; over ₹1,300 Cr run-rate by FY28-end; long-term growth above 25%.
Risks
Q2 PAT decline; standalone finance costs ₹122.3 Mn vs ₹64.0 Mn; receivables ₹4,016 Mn vs ₹3,092 Mn; negative operating cash flow.
Last quarter's promises, checked
Delivered
- Guided LT revenue growth >25% → H1 cons +28.6%, Q2 +31.1% (= BEAT)
- Guided EBITDA margin 32–35% window → H1 cons 37.6% (= BEAT)
Partly delivered
- Guided ramp from Q3/H2 FY27 → throughput Q3, revenue ramp Q4 FY27 (= PARTIAL)
- Guided civil construction wrap by FY27-end → Phase 2 still pending, no date update (= PARTIAL)
Missed
- Guided debtor days 170–180 falling to 90 via bill discounting, H2 160–180 → receivables ₹3,092 Mn→₹4,016 Mn; no days disclosed (= MISS)
- Guided remaining initiatives closed by mid-Q2/Q3 → Phase 2 67,267 sqm still pending (= MISS)
Investor Presentation filed with NSE, NSE: AZAD. Summary written with AI assistance from the document.
Azad Engineering Ltd: key numbers
- Share price
- ₹2,422.70
- Market cap
- ₹15,646 Cr
- Revenue (annual)
- ₹603.0 Cr
- Net profit (annual)
- ₹132.9 Cr
- P/E (TTM)
- 114.1×Sector 50.0×
- Promoter holding
- 55.84%+0.00% QoQ
- FII holding
- 12.70%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Azad Engineering Ltd
All →Azad Engineering Earnings Call Transcript: Key Takeaways
Record Q2 revenue ₹187.8 Cr (+31.6%), but H1 PAT up only 6.6% as depreciation, finance cost and lost treasury income absorbed margin gains. Operating cash flow negative ₹45.8 Cr; cash inflow promised from Q4 without firm numbers.
- Call
- Guides 25% growth
Azad Engineering Q2 FY27 Results: Net Profit ₹30.9 Cr, Down 5.2% YoY
Azad Engineering Ltd reported revenue from operations of ₹190.9 Cr (+31.1% YoY) and net profit of ₹30.9 Cr (-5.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹30.9 Cr · -5.2% YoY
Azad Engineering Other Announcement
Azad Engineering's QIP monitoring agency reports no deviation from objects this quarter. Rs 75.54 crore of proceeds remains unutilised, with timeline extended to March 2027.
Azad Engineering Board Meeting Date
Azad Engineering intimated that its board will meet on 6 Nov 2026 to consider unaudited Q2 FY27 results. No financial figures or decisions are reported in this advance notice.
Azad Engineering Other Announcement
The company filed its quarterly shareholding pattern for the period ended September 30, 2026, as per standard SEBI disclosure requirements.
Azad Engineering Bags ₹52.68 Cr Order from Bharat Heavy Electricals Limited
Azad Engineering secured a two-year BHEL rate contract worth about ₹52.68 crore for gas turbine airfoils. The disclosure marks its growing role in domestic power equipment.
- Value
- ₹52.68 Cr
- From
- Bharat Heavy Electricals Limited (BHEL)
- Execution
- Two years, to be executed by October 9, 2028