Azad Engineering Limited — Investor Meet, 22-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Azad Engineering reported strong Q4 FY'26, revenue up 26.4% to INR157 Cr, PAT margin 22.3%. Full-year revenue grew 30% to INR590 Cr. New infrastructure is 70-80% complete; focus shifts to operational efficiency. Secured 8-year single-source contract with Mitsubishi Heavy Industries for critical components. Robust order book of ~INR6,500 Cr (11-12x FY'26 revenue) offers multi-year visibility. Projects 25%+ top-line growth for FY'27 and beyond from qualified products and diversification across Energy, Aerospace & Defence, and Oil & Gas. Outlook remains positive with strategic investments.