Azad Engineering reported robust financial results for FY ’26, with revenue reaching INR 590 crore, representing a growth of over 30% year-on-year. The company focused on infrastructure expansion, commissioning four new dedicated facilities to support global OEMs. With a strong order book of INR 6,500 crore and a 25% plus revenue growth guidance for the upcoming year, the firm remains committed to its strategy of long-term value creation through precision engineering.
Financial Performance Snapshot
For the full financial year 2026, Azad Engineering delivered its highest-ever performance metrics. Consolidated revenue from operations stood at INR 603 crore, with a year-on-year growth exceeding 32%. Profit after tax (PAT) reached INR 134 crore, marking a significant growth of 54.4%. The reported EBITDA margin for the year was 36.9%, reflecting strong operational discipline and scale benefits.
Strategic Expansion and Operational Milestones
The company successfully executed a calibrated capacity expansion plan during the year. Key milestones included the inauguration of four dedicated lean manufacturing facilities for global marquee customers. Specifically, a new facility for Baker Hughes was commissioned in April 2026. This infrastructure build-out is now 70% to 80% complete, allowing the organization to pivot toward maximizing throughput and operating leverage in the coming quarters.
Strong Order Book and Future Outlook
Azad Engineering maintains a healthy, long-term order book valued at approximately INR 6,500 crore, which provides visibility for the next 5 to 6 years. A major recent milestone includes a prestigious 8-year contract with Mitsubishi Heavy Industries Japan as a single-source supplier for hot section Nozzle Vanes. Looking ahead, management expects to sustain a top-line growth trajectory of 25% plus for the current year, supported by the ramp-up of newly commissioned plants and deepening partnerships with global aerospace and energy OEMs.
Segment Performance
The Energy and Oil & Gas segment continues to be the primary engine of growth, contributing 81.5% to the full-year revenue. Simultaneously, the Aerospace & Defence division reached a milestone of INR 100 crore in revenue for the first time. The company is also making strategic inroads into the nuclear energy sector, having already cleared entry barriers and secured supply contracts with global entities like EDF.
Source: BSE
