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.