Azad India Mobility net profit up 10x in Q1FY27 to ₹0.78 crore
Azad India Mobility Limited reported a ten-fold increase in net profit to ₹0.78 crore in Q1FY27, driven by an 118% surge in total income to ₹16.77 crore. The company’s net profit margin expanded significantly from 0.90% to 4.65%, reflecting improved operational efficiency and fixed cost absorption. Additionally, the firm disclosed a robust order book equivalent to 24 months of production and expects FY27 revenue to exceed ₹150 crore.
*this image is generated using AI for illustrative purposes only.
Azad India Mobility Limited reported a marked improvement in its financial results for the first quarter ended June 30, 2026 (Q1FY27), driven by strong top-line growth and significant margin expansion. The company’s net profit rose sharply to ₹0.78 crore, up from ₹0.07 crore in the corresponding period of the previous year. This represents more than a ten-fold increase in bottom-line earnings, indicating substantial operational leverage as the business scales.
Revenue growth accompanied the profit surge, with total income reaching ₹16.77 crore in Q1FY27, compared to ₹7.70 crore in the prior year. This implies that revenue more than doubled, outpacing the proportional increase in net profit, which suggests that cost structures scaled efficiently relative to sales volume. For the full year FY26, total income stood at ₹64.94 crore, approximately seven times the prior year, with a net profit of ₹2.39 crore.
Financial Performance Overview
The quarter’s results highlight a dual expansion in both revenue and net income, alongside a notable improvement in profitability margins. Below is a summary of the key financial metrics disclosed:
| Metric: | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Total Income: | ₹16.77 crore | ₹7.70 crore | +117.8% |
| Net Profit: | ₹0.78 crore | ₹0.07 crore | +1,014% |
| Net Profit Margin: | 4.65% | 0.90% | +384 bps |
What the Numbers Show
The divergence between revenue growth and net profit growth is notable. While revenue increased by approximately 118%, net profit expanded by over 1,000%. This suggests that fixed costs remained relatively stable or decreased as a percentage of revenue, allowing a larger share of incremental revenue to flow directly to the bottom line. The expansion in net profit margin from 0.90% to 4.65% reflects improved absorption of fixed costs, a richer product mix, and tighter procurement discipline as build volumes rise.
Order Book and Business Highlights
The company holds confirmed orders equivalent to approximately 24 months of production from intercity and fleet operators including Fresh Bus, Zing Bus, and Payanam. AIML is also in advanced-stage discussions with a State Transport Undertaking, which would represent its first institutional public-transport engagement. Furthermore, the company is exploring export opportunities, including discussions for a potential supply of more than 2,000 electric buses to Indonesia over a three-year horizon, though no binding agreement has been executed.
Management expects total income to exceed ₹150 crore in FY27, with deliveries weighted towards the second half of the financial year. This outlook is supported by the scheduled release of the confirmed order book and the commissioning of additional production capacity.
Historical Stock Returns for Azad India Mobility
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.38% | -9.04% | -1.22% | -13.24% | -34.49% | +393.07% |
How will the commissioning of additional production capacity impact Azad India Mobility's ability to meet the weighted H2FY27 delivery schedule without compromising margins?
What are the specific regulatory or logistical hurdles that could delay the conversion of the advanced-stage discussions with the State Transport Undertaking into a binding contract?
Given the lack of a binding agreement for the Indonesia export deal, what are the primary risks associated with securing the necessary financing and compliance certifications for over 2,000 electric buses?
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