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**Financial Highlights:** Azad Engineering reported revenues of ₹3,304.28 Mn for the nine-month period ending December 31, 2024, marking a 33.3% year-on-year growth. The adjusted EBITDA stood at ₹1,157.2 Mn, maintaining a healthy margin of 35%. Net profit for the same period was ₹617.25 Mn, reflecting a significant 41.5% increase, with a PAT margin of 18.3%.
**Strategic Initiatives and Growth Drivers:** The company is strategically enhancing its product portfolio to cater to diverse client needs, exploiting its established technologies to target new clients. It is actively considering acquisitions to bolster capabilities and achieve comprehensive production capabilities, with an emphasis on optimizing operations through technology and automation.
**Business Developments:** Azad secured recent orders from three global energy OEMs and one Indian PSU, underscoring its growing market presence in critical sectors.
**Market Position and Competitive Advantage:** With over 87% of revenue from exports, Azad holds a robust position in aerospace & defence, and energy sectors, fostering long-term relationships with global OEMs.
**Investor Implications:** The consistent CAGR of 32% in revenues and 41% in profits over the last two years signals a positive outlook for investors. The strategic expansion plans and increasing demand in target markets suggest potential growth opportunities ahead.