Azad Engineering Limited Announces Quarterly Results and Details QIP Utilization
Azad Engineering Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved the Standalone and Consolidated Financial Results. Statutory Auditors have issued an unmodified conclusion regarding the limited review of the standalone figures.The Company's operations primarily involve the manufacture and sale of high precision and OEM components, operating within a single primary reportable segment as per Ind AS 108.
Standalone Financial Performance
The company’s unaudited standalone financial results for the quarter ended June 30, 2026, showed a Total Income of 1,745.38 million. Profit for the period stood at 363.52 million. Basic Earnings per Equity Share (EPS) for the quarter was reported at 5.63.Key figures from the standalone unaudited results are detailed in the table below:
| Particulars | June 30, 2026 | March 31, 2026 | June 30, 2025 | March 31, 2026 |
|---|---|---|---|---|
| Revenue from operations | 1,705.79 | 1,573.92 | 1,345.12 | 5,903.75 |
| Total income (I+II) | 1,745.38 | 1,584.32 | 1,436.60 | 6,379.08 |
| Cost of materials consumed | 425.41 | 343.24 | 415.00 | 1,282.43 |
| Total expenses | 1,344.51 | 1,252.92 | 1,012.31 | 4,524.23 |
| Profit before tax (III-IV) | 400.87 | 331.40 | 424.29 | 1,854.85 |
| Total tax expense | 37.35 | 140.11 | 24.35 | 533.24 |
| Profit for the period | 363.52 | 351.29 | 299.94 | 1,321.61 |
Consolidated Financial Results Overview
The consolidated unaudited results presented a Total Income of 7,767.44 million for the quarter ended June 30, 2026. The profit for the period stood at 351.50 million. For the nine months ended December 31, 2025, the consolidated EPS Basic was 20.57.The results incorporate the operations of the Holding Company and its subsidiaries: Azad VTC Private Limited and Azad Prime Private Limited.
Consolidated financial performance metrics are summarized as follows:
| Particulars | June 30, 2026 (Unaudited) | March 31, 2026 (Refer Note 6) | June 30, 2025 (Unaudited) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 7,725.99 | 1,615.39 | 1,370.92 | 6,029.75 |
| Other income | 35.49 | 155.81 | 86.90 | 456.54 |
| Total income (I+II) | 7,767.44 | 7,787.20 | 1,457.82 | 6,486.29 |
| Cost of materials consumed | 432.48 | 309.90 | 419.63 | 1,304.73 |
| Total expenses | 1,377.43 | 1,268.85 | 1,039.15 | 4,513.23 |
| Profit before tax (III-IV) | 389.65 | 512.35 | 478.67 | 1,873.06 |
| Total tax expense | 38.05 | 144.30 | 124.35 | 537.43 |
| Profit for the period | 351.50 | 368.05 | 294.32 | 1,335.63 |
Qualified Institutional Placement (QIP) Utilization
During the quarter ended March 31, 2025, the Company had conducted a QIP, issuing and allotting equity shares to eligible Qualified Institution Buyers (QIBs). The funding raised amounted to 7,000.00 million.The utilization of the funds raised through QIP as of June 30, 2026, is detailed below:
| Object of the issue | Amount to be utilised | Utilisation up to June 30, 2026 | Unutilised amount up to June 30, 2026 |
|---|---|---|---|
| Funding and part-funding the capital expenditure of our Company | 5,250.00 Mn | 4,171.20 Mn | 1,078.80 Mn |
| General corporate purposes | 1,562.10 Mn | 1,562.10 Mn | 0.00 Mn |
| Issue Expenses | 187.90 Mn | 160.90 Mn | 27.00 Mn |
| Total | 7,000.00 Mn | 5,402.73 Mn | 1,105.80 Mn |
Furthermore, the Company granted 80,000 options to eligible employees under the Employee Stock Option Scheme on May 12, 2026.
AZAD Stock Price Movement
Today, shares of Azad Engineering Limited edged higher in the post-market session, closing at ₹2489 after gaining 0.89%. The stock settled amidst heavy trading activity, with a volume of 534,729 shares recorded as it approached its yearly high mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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