Azad Engineering shares surge nearly 6% as Q1 net profit jumps 74% YoY
Shares of Azad Engineering rose sharply by 5.96% to ₹1,589.60 in Monday's early trade following the announcement of robust Q1 FY26 financial results. The stock opened strong and hit an intraday high of ₹1,611.50, up from the previous close of ₹1,500.20, pushing its market capitalization to ₹10,190 crore.
The Hyderabad-based precision engineering firm reported a 73.7% year-on-year increase in net profit to ₹29.7 crore, driven by strong revenue growth and operating efficiency. Total revenue rose 39.2% YoY to ₹137 crore. EBITDA also surged 50% to ₹49.2 crore, with the company's operating margin expanding to 35.9% from 33.2% a year earlier.
Azad Engineering attributed the margin improvement to a favorable product mix and a reduction in consumption costs, which fell to 12.1% of sales from 15.6% in Q1 FY25. However, employee costs and depreciation rose due to facility expansion and salary hikes. Finance costs increased due to higher borrowings and forex losses.
The stock has traded in a 52-week range of ₹1,159.45 to ₹1,929.80.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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