Azad Engineering Q2 Results: Net Profit Spikes 60% to ₹33 Crore
Precision engineering firm Azad Engineering Ltd on Saturday (November 1) reported a 60% year-on-year increase in net profit for Q2FY26, reaching ₹33 crore, up from ₹20.5 crore in the same quarter last year.
The company’s revenue rose 30.6% to ₹145.6 crore, driven by strong growth in the energy and aerospace segments. Energy and Oil & Gas segment contributed ₹226.1 crore, up from ₹166.6 crore in H1FY25, accounting for 35.7% of total revenue.
Growth Drivers: Energy and Aerospace
The growth in the energy segment is primarily driven by additional capacity, and the trend is expected to continue as operations scale further. The Aerospace & Defence segment recorded revenue of ₹47.1 crore, compared with ₹36.1 crore in H1FY25, representing 30.3% of total revenue.
Exports accounted for ₹260.4 crore in H1FY26, up from ₹194.3 crore in H1FY25, forming 34% of the revenue mix, while domestic sales were ₹16.8 crore, slightly higher than ₹15.6 crore in H1FY25, contributing 7.4% of total revenue.
Management Commentary
Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, ‘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 ₹13,870 million.
Outlook and Future Plans
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.
Shares of Azad Engineering Ltd ended at ₹1,695.95, down by ₹2.80, or 0.16%, on the BSE. For more information on Indian stock market news and stock market updates, please visit our website.