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Azad Engineering Limited Q2 FY26 earnings call summary
NSE: AZAD · BSE: 544061
Earnings call of 3 Nov 2025, summarised by AI from the filing.
Signed Phase 2 contract; combined value with MHI now ₹1,387 cr.
Key takeaways
- Mitsubishi Phase 2 Signed Phase 2 contract; combined value with MHI now ₹1,387 cr.
- Safran MOU First collaboration with Safran for defence engine components; assessment done, MOU signed.
- Execution risk Struggling to manage growth, facilities, customers and contracts simultaneously.
Azad Engineering Limited Q1 FY27 results
As filed: Revenue ₹173 cr (+26% year on year), EBITDA ₹64.4 cr (+31% year on year), PAT ₹35.2 cr (+21% year on year), EBITDA margin 37.3% (+152 bps).
The Q1 FY27 score, against the company's own trend, is for premium members.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹162 cr (+27% year on year), EBITDA ₹61.3 cr (+33% year on year), PAT ₹36.8 cr (+47% year on year), EBITDA margin 38.0% (+175 bps). Score 45 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were below it. EBITDA margin rose 175 bps year on year. Other income 32% of PBT. Revenue rose ₹34.5 cr on a year ago, more than the ₹34.0 cr it added the year before. Share price after the results: −0.8% in 30 days (Nifty 500: −0.8%).
- Q3 FY26: Revenue ₹159 cr (+32% year on year), EBITDA ₹62.2 cr (+48% year on year), PAT ₹34.7 cr (+45% year on year), EBITDA margin 39.2% (+420 bps). Score 74 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was well below it. EBITDA margin rose 420 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue rose ₹38.7 cr on a year ago, more than the ₹31.0 cr it added the year before. Share price after the results: −6.3% in 30 days (Nifty 500: −9.9%).
- Q2 FY26: Revenue ₹146 cr (+30% year on year), EBITDA ₹53.0 cr (+33% year on year), PAT ₹33.0 cr (+57% year on year), EBITDA margin 36.3% (+59 bps). Score 75 of 100, Above trend. EBITDA margin rose 59 bps year on year. Other income 26% of PBT. Not enough history for a trend yet: scored on growth alone. Share price after the results: −1.9% in 30 days (Nifty 500: +0.9%).
- Q1 FY26: Revenue ₹137 cr (+40% year on year), EBITDA ₹49.0 cr (+53% year on year), PAT ₹29.0 cr (+71% year on year), EBITDA margin 35.8% (+311 bps). Score 95 of 100, Above trend. EBITDA margin rose 311 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +7.1% in 30 days (Nifty 500: 0.0%).
- Q4 FY25: Revenue ₹127 cr (+37% year on year), EBITDA ₹46.0 cr (+48% year on year), PAT ₹25.0 cr (+67% year on year), EBITDA margin 36.2% (+289 bps). Score 93 of 100, Above trend. EBITDA margin rose 289 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −9.8% in 28 days (Nifty 500: +1.1%).
- Q3 FY25: Revenue ₹120 cr (+35% year on year), EBITDA ₹42.0 cr (+27% year on year), PAT ₹24.0 cr (+41% year on year), EBITDA margin 35.0% (−208 bps). Score 72 of 100, Above trend. EBITDA margin fell 208 bps year on year. Not enough history for a trend yet: scored on growth alone.
- Q2 FY25: Revenue ₹111 cr, EBITDA ₹40.0 cr, PAT ₹21.0 cr, EBITDA margin 36.0%. Not scored. No result for the same quarter last year.
Past price moves after results do not indicate future moves. Not a recommendation.
Azad Engineering Limited earnings call, investor presentation and press release summaries
- Q1 FY27: Earnings call (8 Aug 2026), Results deck (7 Aug 2026)
- Q4 FY26: Earnings call (16 May 2026), Results deck (15 May 2026)
- Q3 FY26: Earnings call (14 Feb 2026), Results deck (13 Feb 2026)
- Q2 FY26: Earnings call (3 Nov 2025), Results deck (1 Nov 2025)
- Q1 FY26: Results deck (4 Aug 2025)
- Q4 FY25: Earnings call (26 May 2025), Results deck (23 May 2025)
Figures from the company's filings with NSE and BSE. Not investment advice.