Azad Engineering reports record Q1 revenues up 37%

Azad Engineering reported standalone revenues of INR135 crores for Q1 FY'26, marking a 36.7% year-on-year increase. EBITDA margin improved to 36.1% from 33.6% in Q1 FY'25, while PAT margin rose from 17.4% to 22.3%.

The company maintains an order book exceeding INR6,000 crores. Energy sector constitutes the largest portion at approximately $400 million, followed by Aerospace and Defense at $200 million, and Oil & Gas at approximately $100 million.

Azad anticipates deploying INR450 crores in capex during FY'26 and forecasts 25-30% top-line growth for the fiscal year.