Azad Engineering

Azad Engineering delivered a strong Q4Current 4. Reported change: +2 in FY26. FY26 with consolidated revenue of 603 croreCurrent reported value: 603 crore. No comparable prior figure is available in the source record. (up 32Current 32 crore vs previous available quarter 28.1 crore.% YoY) and PAT of 134 croreCurrent 134 crore. Reported change: +2 in FY26. (up 54.5Current reported value: 54.5. No comparable prior figure is available in the source record.% YoY). Growth was driven by ramp-up of four new dedicated customer facilities, a robust order book of 6,500 croreCurrent 6,500 crore. Reported change: Flat vs Q3. (11x FY26 revenue), and a landmark single-source contract from Mitsubishi Heavy Industries for hot-section nozzle vein segments. Management guided for 25%+ revenue growthCurrent reported value: 25%+ revenue growth. No comparable prior figure is available in the source record. in FY27, supported by capacity utilization improvements and working capital normalization. Key risks include execution risk in ramping new plants and potential delays in the Saudi Arabia JV with Baker Hughes due to geopolitical tensions.