Azad Engineering Q1 FY27: Revenue up 26.8% to ₹170.5 Cr, Indigenous Turbojet Engine Delivered
Azad Engineering reported Q1 FY27 revenue growth of 26.8% to ₹170.5 crore and EBITDA up 32.1% to ₹64 crore. The company successfully delivered India's first indigenous turbojet engine, marking a move into integrated propulsion systems. Capacity expansion is on track, with new facilities expected to contribute significantly from H2 FY27. Long-term revenue growth guidance remains over 25%.
The delivery of the indigenous turbojet engine is a significant technological and strategic milestone, opening up new markets and capabilities for the company. Strong financial performance and ongoing capacity expansion indicate substantial future growth potential.
The company reported strong financial results with significant year-on-year growth in revenue and EBITDA. The successful delivery of India's first indigenous turbojet engine is a major strategic achievement, positioning the company for future growth in the aerospace and defense sector. Capacity expansions are progressing as planned, and management reiterated positive growth guidance.
Azad Engineering Limited announced strong Q1 FY27 financial results and significant operational milestones. The company reported a 26.8% year-on-year increase in revenue from operations, reaching ₹170.5 crore, up from ₹134.5 crore in Q1 FY26. EBITDA grew by 32.1% to ₹64 crore, with margins expanding to 37.6%. Profit after tax rose by 21.2% to ₹36.4 crore, maintaining a PAT margin of 21.3%.
A major highlight was the successful manufacturing, assembly, and delivery of India's first indigenous expendable turbojet engine to the DRDO and Ministry of Defense. This achievement marks Azad Engineering's evolution from a precision component manufacturer to a fully integrated propulsion system player, significantly expanding its addressable market and solidifying its role in India's defense sovereignty.
Capacity expansion is progressing as planned, with the inauguration of a new 7,600 square meter facility for Baker Hughes in April 2026. The company expects substantial revenue contributions from these new facilities starting in the second half of FY27. Management reiterated a long-term annual revenue growth guidance of over 25%, while maintaining industry-leading profitability. The company is also preparing for a significant scale-up in production volumes for the indigenous turbojet engine, with testing on weapon systems expected in 4-6 weeks, potentially leading to production readiness within months.
On a consolidated level, revenues were ₹172.6 crore, with EBITDA at ₹64.4 crore and PAT at ₹35.2 crore. The company's strategy focuses on customer-aligned infrastructure, with dedicated facilities for major OEMs like Mitsubishi, GE Power Systems, and Siemens Energy, ensuring multiyear supply chain visibility and operational stickiness. Future capacity planning is underway to cater to anticipated growth beyond FY29.
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