Azad Engineering Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

The agreement establishes a framework for long-term collaboration, aimed at enhancing Azad?s manufacturing capabilities in alignment with national aerospace and defense priorities. While the financial size and certain key terms of the agreement remain undisclosed due to confidentiality, the company clarified that no shareholding or related-party involvement exists between the two entities.

As part of the collaboration, Azad will support Pratt & Whitney Canada in the production of critical engine components, reinforcing India?s growing role as a trusted aerospace manufacturing hub. The arrangement does not involve issuance of shares, board nominations, or any potential conflict-of-interest scenarios, the company said.

The agreement, signed with an international entity, is classified as a long-term contract, although the execution timeline has also been withheld due to confidentiality obligations.

Azad noted that none of its promoters or promoter group companies have any interest in Pratt & Whitney Canada, and the engagement does not fall under related-party transactions.

Further details on amendments or termination conditions will be disclosed to exchanges as required, the company added.

Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad.

The company?s consolidated net profit surged 55.8% to Rs 32.74 crore on a 30.6% increase in revenue from operations to Rs 145.63 crore in Q2 FY26 over Q2 FY25.

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Azad Engineering has signed a master terms agreement and purchase agreement with Pratt and Whitney Canada Corp., Canada for development and manufacturing of aircraft engine components. This agreement establishes a framework for long term collaboration aimed at strengthening Azad's manufacturing capabilities in the aerospace sector, in alignment with national strategic priorities.

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Profit before tax (PBT) rose 56.3% YoY to Rs 46.43 crore in Q2 FY26, reflecting strong operational performance and resilient margins despite a rise in costs. Total expenses increased 33.8% YoY to Rs 111.44 crore, led by a 51.6% jump in employee benefit expenses to Rs 33.68 crore and a 39.8% rise in finance costs to Rs 6.71 crore during the quarter.

On a standalone basis, the company?s net profit advanced 22.14% to Rs 32.99 crore on a 28.06% increase in revenue from operations to Rs 142.67 crore in Q2 FY26 over Q2 FY25. EBITDA increased 29.2% to Rs 51.38 crore, from Rs 39.79 crore a year ago, with the EBITDA margin at 36%, slightly higher than 35.7% in Q2 FY25, reflecting operational efficiency and cost optimization.

Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, ?Today, we have three customer-specific plants that showcase our ability to align closely with our global OEMs and scale with agility. These plants are aligned with our customers in the energy and oil & gas space, resulting in a 35.7% growth in this segment?s revenues during H1FY26. Parallelly, the Aerospace & Defence segment registered a healthy 30.3% improvement on the back of the commercialization of new products.

Our order book position has further strengthened with the signing of Phase 2 of the Mitsubishi contract, which has a combined contract value of Rs 13,870 million. With this strong order book and a strategic plan for expansion, we anticipate even stronger performance in the second half of FY26 and remain confident in achieving our projected 25% to 30% topline growth for the year.?

Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad.

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Net profit of Azad Engineering rose 55.83% to Rs 32.74 crore in the quarter ended September 2025 as against Rs 21.01 crore during the previous quarter ended September 2024. Sales rose 30.56% to Rs 145.63 crore in the quarter ended September 2025 as against Rs 111.54 crore during the previous quarter ended September 2024.

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