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Azad Engineering

Q1 FY27Electrical Equipment

Azad Engineering Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹2,804
Market cap₹18.3K Cr
P/E131.9
Updated25 Aug 2026
Read4 min read

Azad Engineering Q1 FY27 key numbers

Revenue
Capacity ramp-up and stabilization of new production lines are key drivers, with full utilization expected to generate INR 1,200 crores from newer plants.

As stated in Azad Engineering's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

The short version

Azad Engineering expects significant revenue growth, targeting around 25%+ annually in the near term, with potential to increase to approximately 35% over a 3-year period as capacities and certifications scale up. Azad Engineering expects accelerated revenue growth from Q3 and Q4 FY27 onward as manufacturing infrastructure reaches full throttle.

From Azad Engineering's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Good growth
  • Azad Engineering expects significant revenue growth, targeting around 25%+ annually in the near term, with potential to increase to approximately 35% over a 3-year period as capacities and certifications scale up.
  • Capacity ramp-up and stabilization of new production lines are key drivers, with full utilization expected to generate INR 1,200 crores from newer plants.
  • From Q3 and Q4 of FY27, stronger revenue momentum is anticipated due to machines reaching full production capacity and completion of qualifications.
  • The company focuses on scaling multiple customer-dedicated plants to capture operational synergies and expand operating leverage.

2 more points from Azad Engineering's call on revenue

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Profitability & Margins

See what Azad Engineering said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Azad Engineering has made significant capex over the last 2 years, approximately INR 900 crores, deploying and building capacity to cater to growth over the next couple of years.
  • Current capex focuses on completing balance plants and ramping up existing operational plants to add further capacity aligned to revenue targets.
  • Civil construction at the new Azad Center of Excellence plant is on track to complete by the end of this financial year.
  • Machine installations are being executed modularly in phases aligned with customer roadmaps.
  • No large speculative capacity is being built; capacity is customer-aligned and risk-mitigated.
  • Internal planning for total capital needs over the next 5-6 years is underway; further disclosures expected in coming quarters.

2 more points from Azad Engineering's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1Waaree Energies Ltd
Rev 1Mar 1
2GP Eco Solutions
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Azad Engineering said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Azad Engineering has long-term contracts providing 5 to 8 years of revenue visibility.
  • The company has secured marquee global OEMs as customers, implying a strong and sizable order book.
  • Capacity expansions and dedicated customer-aligned infrastructure indicate readiness to handle substantial orders over the next 2-3 years.
  • New facilities at Tuniki Bollaram Industrial Park are built specifically for key customers like Baker Hughes, Mitsubishi, GE Steam Power, and Siemens Energy.
  • The company expects major revenue growth from ramp-up in these order executions, particularly in quarters 3 and 4 of FY27.

2 more points from Azad Engineering's call on order book

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What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

Azad Engineering — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹157 Cr, net profit ₹35 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Azad Engineering's management said in earlier quarters

Others in Electrical Equipment this season

  • S & S Power Switchgear Ltd (Q1 FY27)

    Q1 FY 27 Revenue: ₹7,165 lakhs, up from ₹6,041 lakhs in Q1 FY 26, representing an 18% year-on-year increase. Key investor presentation takeaways from S & S Powe

  • Artemis Electri. (Q1 FY27)

    Quarterly Revenue from Operations (Q1 FY2027): ₹1,975.47 Lakhs . Key investor presentation takeaways from Artemis Electricals & Projects's Q1 FY27 investor pres

  • RMC Switchgears (Q1 FY27)

    Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44). Key investor presentation takeaways f

  • KP Green Engg. (Q1 FY27)

    KPI Green Energy Q1 FY27: 27.9 Cr. Key investor presentation takeaways from KP Green Engineering Ltd's Q1 FY27 investor presentation — and how it ranks against

Compare:vs A B Bvs B H E Lvs CG Power & Ind

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Frequently Asked Questions

What were Azad Engineering Q1 FY27 results?

Azad Engineering expects significant revenue growth, targeting around 25%+ annually in the near term, with potential to increase to approximately 35% over a 3-year period as capacities and certifications scale up. Azad Engineering expects accelerated revenue growth from Q3 and Q4 FY27 onward as manufacturing infrastructure reaches full throttle.

What is Azad Engineering share price analysis?

Azad Engineering currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 131.9 with a market cap of ₹18,327 Cr. Investors should review the full earnings analysis for detailed insights.

Is Azad Engineering planning capital expenditure?

Azad Engineering has made significant capex over the last 2 years, approximately INR 900 crores, deploying and building capacity to cater to growth over the next couple of years.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.