Azad Engineering Limited (AZAD) Earnings Call Transcripts

Azad Engineering Limited's Latest Earnings Call - Q4 FY2026

Azad Engineering Limited reported strong Q4 FY '26 results, with revenue reaching INR 157 crores, a 26.4% YoY increase, and full-year revenue at INR 590 crores, up 30% from FY '25. The company achieved a reported EBITDA margin of 36.7% for the quarter and 36.9% for the year, reflecting operational efficiencies and a favorable product mix. Management maintained guidance for 25%+ revenue growth in FY '27, supported by a robust order book and new facility ramp-ups.

Reported metrics

Guidance from management

Management reiterated guidance for 25%+ revenue growth in FY '27, supported by a strong order book and capacity expansion. The focus will be on ramping up new facilities and deepening customer relationships.

What management said

So Amit, I would just give you an idea, it was years, years got 2 months. Now it has come to weeks. So we are not far away. Even we are super excited, especially me, myself, I'm super excited to deliver this to the government, much needed for the country at this hour. So it's not far away.

Yes. So as we gave a statement in the last call also, '26 was something and we were consolidating a lot of things, stabilization was most important. A lot of our bandwidth of the entire management went up in trying to make these facilities up and running. That's most important priority one. And then coming to the level where we have already WIP work in progress to cut down these inventories, as I promised in H1, H1, ...

What analysts pressed on

Analysts questioned the conservative nature of the 25% revenue growth guidance given strong demand from OEMs. Concerns were also raised about the timeline for new engine deliveries and the impact of geopolitical tensions on supply chains.

Main topics on the call

• Revenue Growth — Q4 FY '26 revenue grew 26.4% YoY to INR 157 crores, driven by strong execution across segments. Full-year revenue reached INR 590 crores, a 30% increase from FY '25.
• EBITDA Margin Improvement — EBITDA margin improved to 36.7% in Q4 FY '26 from 36.5% in Q4 FY '25, attributed to operational efficiencies and a better product mix.
• Order Book and Capacity Expansion — The order book stands at approximately INR 6,500 crores, providing 11x FY '26 revenue visibility. Management highlighted successful commissioning of new facilities and plans to ramp up capacity further.
• New Contracts and Customer Integration — Azad secured a significant contract with Mitsubishi Heavy Industries as a single-source supplier for hot section components, indicating strong technical capabilities.

Read the full Azad Engineering Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Azad Engineering Limited earnings call transcripts on record, spanning February 7, 2024 to August 8, 2026. Based on this history, Azad Engineering Limited reports semi-annually. The most recent call on file is dated August 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AZAD

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Machinery

Calls on record

8

First call

February 7, 2024

Most recent

August 8, 2026

Reporting cadence

semi-annually