Azad Engineering Limited — Investor Meet, 20-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Azad Engineering reported strong Q3 FY'26 results with Revenue at INR 155.8 Cr (+31% YoY), EBITDA at INR 60.1 Cr (+40.7% YoY), and PAT at INR 34 Cr (+40.1% YoY). Nine-month PAT surpassed FY'25 full-year figures. The order book remains robust at over INR 6,500 Cr, offering multi-year revenue visibility. Management projects 25%+ revenue growth ahead, targeting 33-35% EBITDA margins. FY'26 is for new plant stabilization, with full utilization by FY'28. Demand in energy/aerospace is strong, bolstered by partnerships with Safran and Pratt & Whitney. India's first indigenous jet engine is 75% complete.