AZAD Azad Engineering Q4 FY26 results (Jan–Mar 2026) and concall
Azad Engineering reported strong Q4 and full-year FY26 results, driven by robust revenue growth and margin expansion, supported by operational efficiencies and product mix. The company secured a significant 8-year contract with Mitsubishi Heavy Industries and commissioned new manufacturing facilities, laying a strong foundation for future growth. While inventory buildup is noted for ramp-up, management is focused on normalizing working capital and converting qualifications into revenue, projecting 25%+ top-line growth for FY27 and beyond.
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What they filed
Q4 FY26: revenue up 25.6%, net profit up 34.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 111 | 119 | 125 | 135 | 143 +29% | 156 +31% | 157 +26% |
| EBITDA | 40 | 43 | 45 | 49 | 51 +28% | 60 +40% | 58 +29% |
| Net profit | 21 | 24 | 26 | 30 | 33 +57% | 34 +42% | 35 +35% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
