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Latest news about Azad Engineering

AZAD Engineering Secures $73.47 Million Contract with Mitsubishi Heavy Industries, Boosting Total Deal Value to $156.36 Million 1 day ago

Azad Engineering has signed a new Long Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI) of Japan, valued at $73.47 million (₹651.00 crore). This agreement, focusing on supplying airfoils for advanced gas and thermal power turbine engines, will be executed over five years. It marks the second phase of collaboration between the companies, bringing their total contract value to $156.36 million (₹1,387.00 crore). The deal strengthens Azad Engineering's position in the global power generation equipment supply chain.

Azad Engineering Expands with New Facility in Hyderabad for Siemens Energy Components 9 days ago

Azad Engineering Reports 36.7% Revenue Growth in Q1, Eyes Expansion and Diversification Aug 12, 2025

Azad Engineering Reports No Deviation in ₹700 Crore QIP Fund Utilization Aug 06, 2025

Azad Engineering Maintains Strong Growth Outlook, Targets 33-35% EBITDA Margins Aug 06, 2025

More news about Azad Engineering

04Aug 25

Azad Engineering Reports 75% Surge in Q1 Profit, Revenue Climbs 37%

Azad Engineering's Q1 FY26 results show significant growth with standalone profit rising 75% to ₹299.94 crore and revenue increasing 36.7% to ₹1,345.12 crore. EBITDA grew 46.8% to ₹485.10 crore, with margin improving to 36.1%. Key growth drivers were Energy and Oil & Gas (41.7% growth) and Aerospace & Defence (26.3% growth) segments. Exports accounted for 92% of total revenue. The company has utilized ₹2,028.29 crore of the ₹7,000 crore raised through QIP for expansion and corporate purposes.

25Jul 25

Azad Engineering Secures Credit Rating Upgrade from CARE

CARE Ratings has upgraded Azad Engineering Limited's credit ratings. Long-term bank facilities of ₹145.00 crore are now rated CARE A; Stable, up from CARE A-; Stable. Long-term/Short-term bank facilities of ₹35.00 crore are assigned CARE A; Stable / CARE A2+. This upgrade indicates improved financial stability and lower credit risk for the company.

07Jun 25

Nomura Acquires ₹66 Crore Stake in Azad Engineering Through Block Deal

Nomura's India Investment Fund purchased over 4.10 lakh shares of Azad Engineering at ₹1,616.85 per share, representing an 8% discount to the previous closing price. The total deal value was approximately ₹66 crore. Following the transaction, Azad Engineering's stock experienced a 5% decline.

06Jun 25

Azad Engineering Shares Tumble 8% on ₹780 Crore Block Deal

Azad Engineering's stock price fell significantly after a block deal involving 7.4% of the company's equity. The deal, worth ₹780.00 crore, saw 48 lakh shares traded at ₹1,640.00 per share. Following the announcement, the stock initially dropped 8% and was later trading at ₹1,641.70, down 6.38% from its previous close. This large-scale transaction has drawn market attention due to its potential implications for shareholding patterns and company strategy.

27May 25

Azad Engineering Sets Ambitious Growth Targets, Announces Debt Guidance

Azad Engineering has announced its financial outlook, targeting a long-term debt of 1.50 times EBITDA and projecting over 30% revenue growth for FY26. The company plans to provide more comprehensive financial guidance in upcoming quarters. The growth projection is attributed to a strong order pipeline, operational readiness, and strategic focus.

26May 25

Azad Engineering: Q4 Profit Surges 69%, Revenue Up 37%

Azad Engineering announced impressive Q4 financial results, with net profit soaring 69% year-over-year to ₹25.20 crore. Revenue climbed 36.9% to ₹126.90 crore, while EBITDA grew 45.8% to ₹45.50 crore with a 35.90% margin. The company achieved its highest-ever annual and quarterly revenue, surpassing its FY25 revenue growth guidance by achieving 33% growth for the full fiscal year.

25May 25

Azad Engineering Soars: Q4 FY25 Results Exceed Expectations with 37% Revenue Surge

Azad Engineering reported exceptional Q4 FY25 results, with consolidated revenue up 36.9% YoY to Rs 126.90 crore. EBITDA grew 45.8% to Rs 45.50 crore, and net profit surged 69.0% to Rs 25.20 crore. Exports now constitute 91.9% of total revenue. The company raised Rs 700.00 crore through a QIP in February 2025 for capital expenditure and expansion.

23May 25

Azad Engineering Reports Robust Q4 Performance with Significant Growth in EBITDA and Net Profit

Azad Engineering announced impressive Q4 financial results. Revenue increased by 34.70% to ₹1,250.00 million. EBITDA grew 44.77% to ₹454.00 million, with margin expanding to 36.32%. Net profit soared 74.15% to ₹260.00 million. The company demonstrated strong operational efficiency and cost management.

21May 25

Azad Engineering to Unveil Q4 and FY25 Results on May 23

Azad Engineering Ltd. will release its Q4 and FY25 financial results on May 23, 2025, at 3:30 p.m. The company has implemented a trading window closure for designated persons until 48 hours after the results announcement. In Q3 FY25, Azad Engineering reported strong performance with a 41.15% YoY growth in consolidated net profit to Rs 23.72 crore and a 16.6% increase in total income to Rs 125.56 crore.

19May 25

Azad Engineering Secures 5-Year Strategic Supply Contract Amendment with Baker Hughes Unit

Azad Engineering has signed a 5-year strategic supply contract amendment with Nuovo Pignone SRL, a subsidiary of Baker Hughes. This extension of an existing agreement could provide revenue stability, strengthen their strategic partnership, and enhance Azad Engineering's market position in the evolving energy sector. While specific contract details remain undisclosed, this development is seen as positive for Azad Engineering's business prospects.

05May 25

Azad Engineering Secures $53.5 Million Contract with GE Vernova for Power Industry Airfoils

Azad Engineering Limited has signed a six-year supply agreement worth $53.50 million (₹452.48 crore) with GE Steam Power GMBH, running through 2030. The contract involves manufacturing and supplying complex airfoils for nuclear, industrial, and thermal power industries. This agreement strengthens Azad's strategic relationship with GE Vernova and solidifies its position in the global power generation supply chain. The deal follows Azad's recent facility expansion and is expected to significantly contribute to the company's revenue stream.

04May 25

Azad Engineering Secures $53.5 Million Deal with GE Vernova for Power Industry Airfoils

Azad Engineering Limited has signed a 6-year supply agreement worth $53.5 million with GE Vernova's Steam Power Services. The contract involves manufacturing highly engineered airfoils for nuclear, industrial, and thermal power industries until 2030. Azad Engineering has inaugurated a new 7,600 square meter facility to support increased production capacity for this contract.

13Mar 25

Azad Engineering Inaugurates Exclusive Facility for Mitsubishi, Wins Global Partner Award

Azad Engineering Limited has opened a new 7,200 square meter lean manufacturing facility in Hyderabad, dedicated to Mitsubishi Heavy Industries (MHI). The state-of-the-art plant, inaugurated on March 12, 2025, will employ 200 skilled professionals initially. Azad Engineering also received the '2024 Partner of the Year' award from MHI, chosen from over 1,000 global partners. The company plans to expand further, aiming to employ over 2,000 skilled workers across multiple dedicated facilities in the future.

12Mar 25

Azad Engineering Inaugurates Exclusive Lean Manufacturing Facility for Mitsubishi, Wins Global Partner Award

Azad Engineering has opened a 7,200 square meter lean manufacturing facility in Hyderabad, dedicated to producing components for Mitsubishi Heavy Industries (MHI). The facility currently employs 200 skilled professionals with potential for growth. Azad also received MHI's '2024 Partner of the Year' award, placing it at the top of MHI's global network of over 1,000 partners. The new facility is integrated with Azad's Centre for Excellence and Innovation, strengthening India's position in global manufacturing. The company plans to build more dedicated facilities, potentially employing over 2,000 skilled workers when fully operational.

04Mar 25

Azad Engineering Raises ₹7,000 Crore in Successful QIP, Expands Share Capital

Azad Engineering Limited completed a Qualified Institutions Placement (QIP), raising ₹7,000 crore by issuing 5,468,750 equity shares at ₹1,280 per share to qualified institutional buyers. The issue price represented a 1.77% discount to the floor price. Post-QIP, the company's paid-up equity share capital increased from ₹118,225,986 to ₹129,163,486, with the number of equity shares rising from 59,112,993 to 64,581,743. Key investors included Nomura India Investment Fund Mother Fund (17.39% allocation), ICICI Prudential FlexiCap Fund (15.11%), and The Nomura Trust and Banking Co., Ltd (11.18%).

03Mar 25

Azad Engineering Raises ₹7,000 Crore Through Successful QIP

Azad Engineering Limited has completed its Qualified Institutions Placement (QIP), raising ₹7,000 crore. The company allocated 5,468,750 equity shares at ₹1,280 per share, which includes a premium of ₹1,278 over the face value of ₹2. The issue price represents a 1.77% discount to the floor price of ₹1,303.08. The QIP opened on February 25, 2025, and closed on March 3, 2025, with the placement document filed with stock exchanges.