Azad Engineering reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company demonstrated strong growth across key financial metrics for the fiscal year, with net profit after tax rising 49% year-on-year to ₹1,321.61 million compared to ₹885.25 million in the previous year. Total income from operations for the year stood at ₹6,379.08 million, up from ₹4,644.77 million in FY25.

Annual Financial Performance

For the year ended March 31, 2026, the company's standalone net profit before tax reached ₹1,854.85 million, a significant increase from ₹1,260.17 million in the prior year. Earnings per share (EPS) basic improved to ₹20.46 from ₹14.87 in the corresponding period last year. The equity share capital remained unchanged at ₹129.16 million.

Quarterly Results Summary

In the fourth quarter of FY26, standalone net profit after tax was recorded at ₹351.29 million, compared to ₹260.34 million in the same quarter of the previous year. Total income from operations for Q4 FY26 increased to ₹1,744.32 million from ₹1,282.98 million in Q4 FY25. The company's consolidated figures mirrored this positive trend, with net profit after tax for the year reaching ₹1,335.63 million.

The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 15, 2026. The detailed results are available on the company's website and the stock exchanges.

The Board of Directors of Azad Engineering Limited, at its meeting held on Tuesday, May 12, 2026, approved the re-appointment of three Whole-Time Directors for five-year terms commencing September 13, 2026. The re-appointments — covering Mr. Rakesh Chopdar, Mrs. Jyoti Chopdar, and Mr. Vishnu Malpani — are each subject to the approval of shareholders and will be tabled at the company's ensuing Annual General Meeting. The board meeting commenced at 4:37 P.M. (IST) and concluded at 4:47 P.M. (IST).

Re-appointment Details at a Glance

The following table summarises the key details of the three re-appointments approved by the board:

Mr. Rakesh Chopdar — Executive Chairman and CEO

Mr. Rakesh Chopdar is a first-generation entrepreneur and the founder of Azad Engineering. He established the company in 2008 in Hyderabad, India, starting as a CNC machine operator. Over the past 17 years, he has built Azad Engineering into a globally recognised manufacturer of highly engineered, critical components for the Aerospace, Defence, Energy, and Oil & Gas sectors. The company today serves major global OEMs including GE Vernova, Mitsubishi, Siemens, Toshiba, MAN, Doosan Skoda, GE Aviation, Boeing, Honeywell, Eaton, Rolls Royce, Pratt & Whitney, Rafael, BHEL, HAL, and Baker Hughes, among others. Mr. Rakesh Chopdar is the spouse of Mrs. Jyoti Chopdar, Whole-Time Director of the company, and is not related to any other director. He is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Mrs. Jyoti Chopdar — Whole-Time Director

Mrs. Jyoti Chopdar holds a Bachelor of Arts degree from Kurukshetra University. She has served the company for over eight years, providing strategic oversight of general administrative operations. Her leadership has been instrumental in streamlining the company's administrative functions and processes. Mrs. Jyoti Chopdar is the spouse of Mr. Rakesh Chopdar, Whole-Time Director designated as Executive Chairman, and is not related to any other director of the company. She is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Mr. Vishnu Malpani — Whole-Time Director

Mr. Vishnu Malpani serves as an Executive Director at Azad Engineering, where he drives enterprise strategy, capital formation, and organisational scale-up. His responsibilities encompass decisions related to customers, contracts, capital, capability, and capacity, ensuring strategic alignment across commercial, operational, and financial priorities. Mr. Malpani holds a Bachelor of Technology degree from the Indian Institute of Technology (IIT) Guwahati and has attended executive leadership programmes at ISB Hyderabad and IIM Ahmedabad. He is not related to any other director of the company and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Regulatory Compliance

The re-appointments have been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026. Detailed annexures pertaining to each re-appointment have been filed with the stock exchanges as required under the applicable regulatory framework. The company will seek shareholders' formal approval for all three re-appointments at its ensuing Annual General Meeting.