Azad Engineering Ltd
NSE:AZAD
Azad Engineering Ltd
In the bustling industrial landscape of Hyderabad, Azad Engineering Ltd. has carved a niche as a pivotal player, turning the cogs of progress in the precision manufacturing sector. Established by technocrat Rakesh Chopdar, the company embarked on its journey with a singular focus on crafting parts that harmonize with the demanding specifications of the energy and aerospace industries. The state-of-the-art facility is an embodiment of meticulous engineering, equipped with advanced technology that facilitates the production of high-precision components like turbine blades and complex assemblies. Azad Engineering thrives on a culture of relentless innovation and quality assurance, catering to heavyweights such as GE, Siemens, and Mitsubishi, who rely on the company for components that underpin their massive engines and power turbines.
Revenue for Azad Engineering is predominantly drawn from its contracts with these global giants who have rigorous standards. By delivering parts that not only meet but often exceed the stringent quality expectations and regulatory requirements, Azad Engineering builds enduring partnerships that drive its financial health. The company adeptly navigates the intricate web of supply chains by leveraging its robust relationships and deep-rooted technical expertise, ensuring a steady stream of contracts and projects. Through precision engineering, attention to detail, and a commitment to sustainable practices, Azad Engineering Ltd. ensures a consistent and strategic growth trajectory, cementing its role as a trusted supplier in industries where precision is paramount.
In the bustling industrial landscape of Hyderabad, Azad Engineering Ltd. has carved a niche as a pivotal player, turning the cogs of progress in the precision manufacturing sector. Established by technocrat Rakesh Chopdar, the company embarked on its journey with a singular focus on crafting parts that harmonize with the demanding specifications of the energy and aerospace industries. The state-of-the-art facility is an embodiment of meticulous engineering, equipped with advanced technology that facilitates the production of high-precision components like turbine blades and complex assemblies. Azad Engineering thrives on a culture of relentless innovation and quality assurance, catering to heavyweights such as GE, Siemens, and Mitsubishi, who rely on the company for components that underpin their massive engines and power turbines.
Revenue for Azad Engineering is predominantly drawn from its contracts with these global giants who have rigorous standards. By delivering parts that not only meet but often exceed the stringent quality expectations and regulatory requirements, Azad Engineering builds enduring partnerships that drive its financial health. The company adeptly navigates the intricate web of supply chains by leveraging its robust relationships and deep-rooted technical expertise, ensuring a steady stream of contracts and projects. Through precision engineering, attention to detail, and a commitment to sustainable practices, Azad Engineering Ltd. ensures a consistent and strategic growth trajectory, cementing its role as a trusted supplier in industries where precision is paramount.
Strong Revenue Growth: Q3 FY '26 revenue reached INR 155.8 crores, up over 31% year-on-year, with 9-month revenue up nearly 32%.
Profitability Surges: Q3 EBITDA grew over 40% YoY to INR 60.1 crores and PAT rose over 40% YoY to INR 34 crores. 9-month PAT grew 55% YoY, already exceeding last year's full-year profit.
Margin Stability: EBITDA margin remained strong at 38% for the quarter, despite ramp-up costs and new plant depreciation. Long-term guidance reaffirmed at 33% to 35%.
Robust Order Book: Order book stands above INR 6,500 crores, offering multi-year revenue visibility and steady growth in contracts, especially with global OEMs like Safran and Pratt & Whitney.
Capacity Expansion: Major new facilities for GE, Mitsubishi, Siemens are operational but under stabilization. Stable operations expected by FY '27 with maximum utilization by FY '28.
Conservative Growth Guidance: Management guides for 25%+ annual revenue growth, citing a focus on disciplined, sustainable ramp-up rather than chasing higher numbers during capacity stabilization.
Strong Demand Tailwinds: Energy, oil & gas remain main revenue drivers, but aerospace and defense are increasing in importance. Demand from data centers powering gas turbine growth.
No Immediate Impact from US Tariffs: Management reiterated US-India tariff changes have minimal effect on business due to the critical and qualified nature of Azad's products.
