Azad Engineering Ltd
Azad Engineering Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Azad Engineering targets 25%+ revenue growth over coming years, emphasizing disciplined, sustainable expansion. Azad Engineering expects to sustain 25%+ revenue growth over coming years, supported by secured order book and customer demand visibility.
From Azad Engineering Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Azad Engineering targets 25%+ revenue growth over coming years, emphasizing disciplined, sustainable expansion.
- FY '26 is a transition/stabilization year; stable operating levels expected by FY '27; maximum capacity utilization by FY '28.
- Growth driven by securing firm contracts and long-cycle customer programs, avoiding speculative expansion.
- Existing customers' order backlogs are increasing, supporting volume growth.
- New manufacturing facilities and capacity expansions are underway, enabling scale-up of operations.
- Expansion into adjacent product portfolios (e.g., combustion parts) and aero engine components expected to contribute future growth.
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Profitability & Margins
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Capital Expenditure Plans
- Azad Engineering has capitalized around INR 250 crores during the last nine months on plant and machinery, including dedicated facilities for MHI, GE, and Siemens.
- Further capital deployment of INR 700 crores raised through QIP is planned primarily between FY '27 and FY '28.
- Out of this, approximately INR 200-250 crores will be invested in infrastructure (buildings, factories), and around INR 450-500 crores towards plant and machinery.
- Around 10-15% of capital (INR 100-150 crores) has been used for ancillary costs like equipment installation.
- The new and expanded facilities are part of a substantial capacity expansion aimed at supporting long-term growth with secured order visibility.
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Azad Engineering reported a secured order book of approximately INR 6,500 crores as of February 2026.
- The company is building capacity against firm contracts and long-cycle programs, with no speculative expansion.
- The order book provides long-term revenue visibility supporting their confidence in achieving 25%+ revenue growth over the coming years.
- Azad has strong engagement and contract progression with global OEMs like Safran, Pratt & Whitney, Rolls-Royce, GE, Mitsubishi, and Siemens.
- Growth in order book reflects increasing wallet share across new and existing customers.
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Azad Engineering Ltd — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Azad Engineering Ltd Q3 FY26 results?
Azad Engineering targets 25%+ revenue growth over coming years, emphasizing disciplined, sustainable expansion. Azad Engineering expects to sustain 25%+ revenue growth over coming years, supported by secured order book and customer demand visibility.
What is Azad Engineering Ltd share price analysis?
Azad Engineering Ltd currently shows a neutral. The stock trades at a P/E of 118.9 with a market cap of ₹15,802 Cr. Investors should review the full earnings analysis for detailed insights.
Is Azad Engineering Ltd planning capital expenditure?
Azad Engineering has capitalized around INR 250 crores during the last nine months on plant and machinery, including dedicated facilities for MHI, GE, and Siemens.
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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.