Results - Announcements
Azad Engineering Ltd share price dropped 6.16% to Rs 2423.0 after the company's net profit contracted by 12.03% to Rs 30.93 crore, while revenue from operations gained 10.63% to Rs 190.94 crore in Q2FY27 over Q2FY26.
The market capitalization of Heavy Electrical Equipment industry group stocks on BSE stood at Rs 12.8 lakh crore, climbing 12.48%. It has improved by 2.16% over last one week and declined by 10.22% in last one month while the market capitalization of Azad Engineering Ltd has eased by 0.89% and 2.33% in the same period respectively.
Profit before tax (PBT) of Azad Engineering Ltd stood at Rs 41.49 crore in Q2 FY27, falling 10.64% year-on-year, and easing 6.47% quarter-on-quarter. EBITDA came in at Rs 68 crore, jumping 69.01% YoY and heading higher 12.00% sequentially.
Total expenses rose by 11.28% to Rs 141.17 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 39.35 crore, softening by 9.02% YoY, while employee benefits expense was at Rs 51.71 crore, surging 23.89% YoY.
For FY26, revenue from operations witnessed a strong growth of 31.84% to Rs 602.98 crore, while net profit surged by 54.35% to Rs 133.56 crore, compared to previous FY. EBITDA jumped by 17307% to Rs 179.66 crore, and PBT surged 51.02% to Rs 187.31 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 118.97 crore in FY26, as against Rs 53.67 crore in FY25.
Azad Engineering Ltd rallied 49.73% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.74% during the same period.