Azad Engineering officials will attend an investor conference organized by Axis Capital on June 2, 2026, in Mumbai. The company disclosed this schedule to the stock exchanges pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. The interactions are intended for analysts and institutional investors and will rely solely on publicly available information.

The meeting is scheduled to commence at 9:00 a.m. (IST) and will include both 1x1 and group discussions. The company clarified that no unpublished price sensitive information (UPSI) will be shared during these interactions. The schedule remains subject to change due to exigencies on the part of the host or the company.

Meeting Schedule

The disclosure was signed by G. Praneeth Abhishek, Company Secretary, Compliance Officer and Head Legal of Azad Engineering Limited.

Azad Engineering delivered its highest-ever annual and quarterly performance in FY26, with standalone net profit after tax rising 49.3% year-on-year to ₹1,321.6 million, up from ₹885.2 million in FY25. Standalone revenue from operations grew 30.3% to ₹5,903.8 million from ₹4,529.3 million in the prior year, while reported EBITDA expanded 35.3% to ₹2,177.5 million, reflecting an EBITDA margin of 36.9%. The company's Board of Directors approved the audited standalone and consolidated financial results at their meeting held on May 15, 2026.

Annual Financial Performance

For FY26, standalone profit before tax reached ₹1,854.9 million, a 47.2% increase from ₹1,260.1 million in FY25. The standalone PBT margin improved to 31.4% from 27.8% previously, while PAT margin expanded to 22.4% from 19.5%. Earnings per share (EPS) — both basic and diluted — improved to ₹20.46 from ₹14.87 in the prior year. The equity share capital remained unchanged at ₹129.2 million. On an adjusted basis, EBITDA for FY26 stood at ₹2,195.3 million, representing an adjusted EBITDA margin of 37.2%, compared to ₹1,645.7 million and 36.3% in FY25, reflecting a CAGR of 42.1% since FY21.

On a consolidated basis, revenue from operations for FY26 grew to ₹6,029.8 million from ₹4,573.5 million in FY25, a 31.8% increase. Consolidated reported EBITDA rose to ₹2,235.3 million at a 37.1% margin, while consolidated profit before tax reached ₹1,873.1 million, up 51.0% year-on-year. Consolidated PAT for FY26 stood at ₹1,335.64 million compared to ₹865.3 million in FY25, with consolidated basic and diluted EPS at ₹20.57 versus ₹14.66 in the prior year.

The following table presents the key annual financial metrics on both standalone and consolidated bases:

Quarterly Results Summary

In Q4 FY26, standalone revenue from operations rose 26.4% year-on-year to ₹1,573.9 million from ₹1,245.2 million, while reported EBITDA grew 27.1% to ₹577.6 million at a margin of 36.7%. Standalone PAT for Q4 FY26 increased 34.9% to ₹351.3 million from ₹260.4 million in Q4 FY25, with a PAT margin of 22.3%. On a sequential basis, Q4 FY26 revenue grew 1.0% from Q3 FY26's ₹1,558.0 million, while PAT rose 3.2% from ₹340.4 million in Q3 FY26. On a consolidated basis, Q4 FY26 revenue stood at ₹1,615.4 million, EBITDA at ₹613.2 million (38.0% margin), PBT at ₹512.4 million (31.7% margin), and PAT at ₹368.1 million (22.8% margin), representing a 48.4% YoY increase in consolidated PAT.

Revenue Mix and Segment Performance

Azad Engineering's standalone revenue mix for FY26 reflects continued dominance of the Energy & Oil and Gas segment alongside growing Aerospace & Defence contributions. Exports accounted for 81.5% of standalone revenue in FY26, with domestic revenue at 17.2% (including others). Within the Energy & Oil and Gas segment, revenue grew 34.2% to ₹4,811.3 million from ₹3,586.3 million in FY25, while Aerospace & Defence revenue rose 25.4% to ₹1,012.6 million from ₹807.4 million. Total standalone revenue from operations grew 30.3% to ₹5,903.8 million. For Q4 FY26, standalone revenue from operations reached ₹1,573.9 million, with Energy & Oil and Gas contributing ₹1,279.4 million (+32.2% YoY) and Aerospace & Defence contributing ₹277.5 million (+12.2% YoY).

Balance Sheet and Cash Flow

As of March 26, standalone total assets stood at ₹21,951.3 million, up from ₹18,545.3 million in the prior year. Total equity increased to ₹15,519.8 million from ₹14,176.0 million, supported by other equity of ₹15,390.6 million. Non-current assets grew significantly to ₹12,115.1 million from ₹6,635.2 million, driven by property, plant and equipment rising to ₹7,447.7 million from ₹4,010.2 million and capital work-in-progress expanding to ₹2,566.8 million from ₹797.8 million. Total borrowings (current and non-current combined) increased to ₹4,515.8 million from ₹2,383.4 million, reflecting ongoing capacity expansion investments. The adjusted return on capital employed (Adj ROCE) for FY26 stood at 15.3%.

From a cash flow perspective, standalone net cash from operating activities was ₹-1,232.6 million for FY26, compared to ₹628.9 million in FY25, reflecting a significant increase in working capital requirements of ₹-3,003.0 million. Net cash used in investing activities was ₹-701.1 million, while net cash from financing activities was ₹1,765.8 million. Cash and cash equivalents at the end of the period stood at ₹235.8 million versus ₹403.8 million at the beginning.

Key Orders and Strategic Partnerships

Azad Engineering has secured a diversified portfolio of long-term agreements with leading global OEMs across aerospace, defence, and energy sectors. Key order highlights include a USD 112 million agreement with GE Vernova for highly engineered rotating and stationary airfoils for advanced gas turbine engines, and a separate USD 53.5 million agreement for nuclear, industrial, and thermal power industries. A USD 90 million agreement with Siemens Energy Global covers combustion commodities, cold blades, and machined parts. An USD 83 million Long-Term Capacity Purchase Agreement (LTCPA) was signed with Mitsubishi Heavy Industries for a period of five years, with Azad also designated as a single-source supplier for hot-section Nozzle Vane Segments under an 8-year LTCPA. Additional agreements include a USD 40 million supply agreement with Arabelle Solutions, a USD 16 million Phase 1 business award from Honeywell Aerospace, and a Master Terms Agreement with Pratt and Whitney Canada for aircraft engine components. A prestigious end-to-end manufacturing contract for an Advanced Turbo Gas Generator Engine was secured from GTRE, under DRDO and the Ministry of Defence, Government of India. An MoU was also signed with Baker Hughes to set up a facility in Saudi Arabia for precision components and sub-assemblies.

Management Commentary and Outlook

Rakesh Chopdar, Chairman & CEO of Azad Engineering, described FY26 as a year of consolidation and stabilization, focused on embedding newly commissioned capacities, strengthening OEM qualifications, and building human capital for the next phase of growth. He noted that total revenue reached close to ₹6,000 million, reflecting consistent execution and increasing contributions from advanced manufacturing programs. On the capital expenditure front, the company commissioned four dedicated lean manufacturing facilities for customers since listing, including two during FY26 and one as recently as last month. The company has inaugurated four dedicated facilities at Tunikibollaram Industrial Park, Hyderabad, with Phase 1 spanning approximately 94,899 sq. mts (including the four inaugurated facilities) and Phase 2 covering 67,267 sq. mts. Azad has delivered over 3 million mission-critical parts with zero parts per million defects requirement and exports to 12 countries, maintaining an average customer relationship of over 10 years with key OEMs.

The audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 15, 2026, and were subsequently published in the Financial Express (All India English Edition) and Surya (Telugu Edition) on May 16, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: None/Company/INE02IJ01035/c176496ac19643c1.pdf