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Azad Engineering reported strong Q2 FY26 performance with ₹143 Cr revenue (+28.1% YoY), 36% EBITDA margin, and 23.1% PAT margin. H1 FY26 saw ₹277 Cr revenue. Management is confident in 25-30% top-line growth for FY26. Key updates include a new Siemens facility, a ₹1,387 Cr Mitsubishi contract (5-year), and a Safran MOU for defense components. NADCAP accreditation achieved. FY26 focuses on stabilizing new 10x capacity. The company anticipates stronger H2, leveraging an indigenous supply chain and expanding OEM partnerships. Growth potential remains significant, with a focus on execution and margin sustainability.