Azad Engineering Q2 FY27 Revenue Jumps 31.6% to ₹187.8 Cr; EBITDA Up 37.1%
Azad Engineering reported Q2 FY27 revenue of ₹187.8 crore, up 31.6% YoY, and EBITDA of ₹70.4 crore, up 37.1%. H1 FY27 revenue grew 29.3% to ₹358 crore. All six customer-dedicated facilities are commissioned, with capacity expected to drive revenue growth to over ₹1,300 crore annual run rate by FY28. The company maintains a long-term growth guidance of over 25%.
The announcement details significant revenue growth, successful completion of major capital expenditure projects, and provides a clear outlook for substantial future revenue expansion, which are material events for investors.
The company reported strong year-on-year revenue and EBITDA growth, exceeding its guidance and highlighting the successful commissioning of new facilities which are expected to drive future revenue.
Azad Engineering Limited announced its financial results for the second quarter and first half of Fiscal Year 2027, reporting its highest-ever quarterly revenue of ₹187.8 crore in Q2 FY27, a 31.6% increase year-on-year. EBITDA for the quarter grew by 37.1% to ₹70.4 crore, with EBITDA margins expanding to 37.5%. Profit after tax stood at ₹30.8 crore.
For the first half of FY27, revenue grew 29.3% to ₹358 crore, exceeding the company's guidance of 25%. EBITDA for the half-year increased by 34.7% to ₹134.5 crore, maintaining a margin of 37.5%. Profit after tax for H1 FY27 was ₹67.2 crore. On a consolidated basis, H1 revenue was ₹363.5 crore, EBITDA was ₹136.6 crore, and PAT was ₹66.1 crore.
The company highlighted that its capital deployment plans are on schedule, with all six customer-dedicated facilities now commissioned. These facilities, covering 44,800 square meters, are for global OEMs including Mitsubishi Heavy Industries, GE Vernova, Siemens Energy, and Baker Hughes. The foundation for converting capacity into revenue is now in place, with skilled manpower hired and production readiness achieved through raw material and tooling stockpiling.
Looking ahead, throughput from new capacity is expected to begin in Q3 FY27, with revenue ramping up from Q4 FY27. All plants are projected to be fully ramped up by Q2 FY28, positioning the company to reach an annual revenue run rate of over ₹1,300 crore by the end of FY28. The company reiterates its long-term annual growth guidance of over 25%.
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