Azad India Mobility Limited , a manufacturer of EV luxury buses, has announced its financial results for the quarter ended September 30, 2025, showcasing significant growth and a return to profitability.

Financial Highlights

The company reported a substantial increase in net sales, reaching Rs. 1,980.66 lakhs in Q2 FY2026, compared to Rs. 769.45 lakhs in the previous quarter, marking a quarter-on-quarter growth of 157%. The total income for Q2 FY2026 stood at Rs. 2,001.36 lakhs, up from Rs. 788.69 lakhs in Q1 FY2026.

Profitability and Performance

Azad India Mobility demonstrated improved profitability, with net profit rising to Rs. 22.89 lakhs in Q2 FY2026, compared to Rs. 7.39 lakhs in Q1 FY2026. This represents a significant turnaround from the loss of Rs. 4.33 lakhs reported in the corresponding period of the previous year.

For the half-year ended September 30, 2025, the company's total income reached Rs. 2,790.06 lakhs, with a net profit of Rs. 30.29 lakhs.

Balance Sheet Strengthening

The company's financial position has strengthened considerably:

• Equity share capital increased to Rs. 5,444.32 lakhs from Rs. 3,517.56 lakhs
• Reserves and surplus grew to Rs. 7,390.91 lakhs from Rs. 1,844.20 lakhs
• Cash and cash equivalents rose significantly to Rs. 3,265.31 lakhs from Rs. 141.69 lakhs

Operational Overview

Azad India Mobility Limited is primarily engaged in manufacturing EV luxury buses and related activities. The company's focus on this growing sector appears to be yielding positive results, as evidenced by the substantial increase in revenue and return to profitability.

Conclusion

Azad India Mobility Limited's Q2 FY2026 results reflect a strong performance with substantial revenue growth and improved profitability. The company's focus on the EV luxury bus segment appears to be paying off, positioning it well in the evolving electric vehicle market. Investors and stakeholders may find encouragement in the company's financial turnaround and strengthened balance sheet.

The results were reviewed by the audit committee and approved by the Board of Directors in their meeting held on November 11, 2025. As the EV market continues to expand, Azad India Mobility's performance in upcoming quarters will be closely watched by industry observers and investors alike.

Azad India Mobility has taken a significant step towards expanding its electric vehicle production capabilities. The company's board has given its approval for a strategic 5-year lease agreement with Azad Coach Builders, securing a facility in Bengaluru that will be dedicated to the manufacture of electric buses.

Key Details of the Lease Agreement

Strategic Implications

This lease agreement marks a crucial development for Azad India Mobility, establishing the operational framework for the company's electric bus production activities. By securing a dedicated manufacturing facility, the company is positioning itself to capitalize on the growing demand for electric public transportation solutions in India.

Focus on Electric Bus Production

The decision to lease a facility specifically for electric bus manufacturing underscores Azad India Mobility's commitment to the electric vehicle sector. This move aligns with the broader trend of automotive companies transitioning towards more sustainable and environmentally friendly transportation options.

Collaboration with Azad Coach Builders

The partnership with Azad Coach Builders for this lease agreement suggests a potential synergy between the two companies. Azad Coach Builders, likely experienced in bus manufacturing, could provide valuable expertise or resources to support Azad India Mobility's foray into electric bus production.

Looking Ahead

As Azad India Mobility prepares to commence operations at this new facility, industry observers will be keen to see how this development impacts the company's production capacity and market position in the electric bus segment. The success of this venture could have significant implications for both the company's growth and the broader adoption of electric buses in India's public transportation system.