Azad Engineering Limited · NSE:AZAD
Azad Engineering — Q1 FY27 Earnings Presentation
34 slides from Azad Engineering's earnings presentation, Aug 7, 2026
Slide 1: Exchange filing cover letter: Investor Presentation
AZAD August 7,2026 To, To, The Listir-rg Department Tl-re Listing Department BSE Limited National Stock Exchange of India Limited Departrnent of Corporate Affairs Exchar-rge Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers, Dalal Street Bandra-Kurla Cornplex, Bandra (E) Murnbai - 400 001 Mumba
Slide 2: Azad Engineering Limited Investor Presentation August 2026
Azad Engineering Limited Investor Presentation August 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Azad Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Performance Update
Performance Update AZA SS
Slide 5: Quarterly Performance
Q1FY27 vs Q1FY26 (Standalone) Rs. 1,705.2 Mn Rs. 640.7 Mn Rs. 363.5 Mn 26.8% YoY 32.1% YoY 21.2% YoY 37.6% margin 21.3% margin Quarterly Revenue EBITDA PAT Performance Q1FY27 vs Q1FY26 ( Consolidated) Rs. 1,726.0 Mn Rs. 643.6 Mn Rs. 351.6 Mn 25.9% YoY 30.7% YoY 19.5% YoY 37.3% margin 20.
Slide 6: India's First Indigenous Expendable Turbo Jet Engine
India’s First Indigenous Expandable Turbo Jet Engine A historical milestone for the nation's sovereignty and Azad's capabilities This milestone represents a pivotal step in Azad's evolution - from a component manufacturer to a propulsion systems player, ascending the value chain and Designed by GTRE
Slide 7: Performance Highlights (standalone)
Performance Highlights (standalone) “I am pleased to share that Azad recently delivered its first expendable indigenous turbojet engine to DRDO and the Ministry of Defence, following the successful manufacturing and assembly of critical engine components. This milestone highlights the company’s adva
Slide 8: Revenue Mix - Growth momentum building across segments
Revenue Mix - Growth momentum building across segments (standalone) (Rs. Mn) % Revenue contribution Energy & Oil & Gas Aerospace & Defence Revenue from Operations* Exports Domestic 81.2% 81.2% 17.1% 16.8% 92.0% 88.0% 8.0% 12.0% 26.8% 26.7% 21.2% 1,705.2 1,384.2 24.7% 1,500.6 1,345.1 1,092.9 1,237.9
Slide 9: Inaugurated Four Dedicated Facilities at Tunikibollaram Industrial Park
Inaugurated Four Dedicated Facilities at Tunikibollaram Industrial Park, Hyderabad Mitsubishi Heavy Industries GE Vernova (Steam Power) 1 2 7,200 sq.m · Inaugurated March 2025 7,600 sq.m · Inaugurated April 2025 2 Siemens Energy Baker Hughes 3 4 7,200 sq.m · Inaugurated September 2025 7,600 sq.m · I
Slide 10: Orders that are driving AZAD's growth journey
Orders that are driving AZAD’s growth journey Arabelle Solutions BHEL Baker Hughes GE Vernova GTRE Signed a supply agreement for the Secured a purchase order from Bharat Signed an MoU to setup a facility to manufacture and Secured agreement to supply of highly Secured a prestigious nation pride supp
Slide 11: Standalone Profit & Loss Account
Standalone Profit & Loss Account Particulars (Rs. Mn) Q1FY27 Q1FY26 YoY Q4FY26 QoQ Revenue from Operations 1,705.19 1,345.12 26.8% 1,573.92 8.3% Consumption 85.91 163.16 98.44 Key Highlights Employee expenses 406.56 284.02 371.04 Other Expenses 572.02 412.82 526.80 • Recorded highest-ever Revenue Re
Slide 12: Company Overview
Company Overview AZA NS
Slide 13: Azad Engineering Ltd.: Snapshot
Azad Engineering Ltd.: Snapshot Preferred name in the manufacturing of highly-engineered, complex and mission & life-critical components Supplying to highly regulated industries having large Direct TAM and significant entry barriers End-markets with massive TAM CY29 Aerospace & Defence INR 2,190 bn
Slide 14: Mission and Life Critical Portfolio of Diversified Products (1/2)
Project and Life Critical Portfolio of Diversified Products (1/2) Energy and Oil & Gas Industry Product Category Products End-Use Industry/Application Last Stage Airfoil – Rotary & Fixed Airfoil Last Stage Airfoil - Stationary Welding Chamfers Electric Power Generation Nuclear Power Turbine – Turbin
Slide 15: Mission and Life Critical Portfolio of Diversified Products (2/2)
Project and Life Critical Portfolio of Diversified Products (2/2) Aerospace Aerospace and and Defence Defence Industry Industry Product Category Products End-Use Industry/Application Housing, Compressor & Airfoils, Unison Rings, Arm, Levers Body, Assembly Aero Engine Assembly Mount Business Jet Airc
Slide 16: Significant Entry Barriers at Each Stage
Significant Entry Barriers at Each Stage Azad has delivered over 3 million mission critical parts with Zero parts per million defects requirement to its customers. Demonstrated efficiencies pursuant to machining time reduction and adherence to strict quality, resulting in competitive strength agains
Slide 17: Critical Source Supplier to OEMs - Aerospace & Defence
Critical Source Supplier to OEMs with High Global Market Penetration - Aerospace & Defence Azad is a supplier to six of the key manufacturers in aerospace and defence industry Addressable market Growth Drivers Key components used in an aircraft Aerospace & Defence1 • Opportunity to increase wallet s
Slide 18: Critical Source Supplier to OEMs - Energy Turbine
Critical Source Supplier to OEMs with High Global Market Penetration – Energy Turbine Industries Azad, being a critical components supplier, is a key link in the global supply chain for the OEMs Azad’s customer market share in Global turbine components1 Rs. 310 Bn Supplier to five of the key manufac
Slide 19: Long-standing and Deep Customer Relationships With OEMs
Long-standing and Deep Customer Relationships With OEMs As a strategic and growth partner to customers across highly regulated industries, Azad enjoys long-term relationships with high customer stickiness and a high percentage of repeat business, which allows us to have long-term contracts, a stable
Slide 20: Well-diversified Business with Global Operations
Well-diversified Business with Global Operations Azad caters to multiple customers across the globe has average relationship for over 10 years with key customers Standalone Revenue Breakup FY26 Q1FY27 UK Switzerland Domestic Domestic Hungary Poland 7.0% 12.0% France Sweden Germany Italy 93.0% 88.0%
Slide 21: Advanced Manufacturing Facilities With Focus on Innovation
Advanced Manufacturing Facilities With Focus on Innovation and Cost Competitiveness Azad’s all facilities (except which are earmarked for specific clients) are fungible in nature Area Customers Existing facilities 4 facilities in Hyderabad 20,000 sq. mts Multiple customers Phase 1- ~94,899 sq. mts (
Slide 22: Experienced Promoter, Board of Directors and Key Management team
Experienced Promoter, Board of Directors and Key Management team…. Rakesh Chopdar Murli Krishna Bhupatiraju Vishnu Malpani Chairman & CEO Managing Director Whole-Time Director • Associated with Azad since 2003, • Holds PhD (Ohio State University), • Associated with Azad for over 4 years with two dec
Slide 23: Unique positioning of Azad
Best-in-class engineering portfolio lending a strong moat with significant entry barriers Supplier of choice to highly regulated industries Producer of mission critical components; High complexity and precision requirements Long haul journey with vendor qualifications taking up to 30-48 months
Slide 24: Way Forward
Way Forward AZA NS
Slide 25: Key Strategies Going Forward
Key Strategies Going Forward • Wallet share gains driving revenue from existing long-standing clients Increasingly catering to diverse component needs for clients, reflected in growing order book across key clientsMultiple customers • Utilizing existing product and technology capabilities to serve n
Slide 26: Historical financials
Historical financials acADS
Slide 27: Consistent Track Record of Financial Performance (Standalone)
Consistent Track Record of Financial Performance (Standalone) Margin Revenue From Operations Adj. EBITDA* & EBITDA Margin PAT and PAT Margin In Rs. Mn 31.2% 32.5% 31.6% 34.5% 36.3% 37.2% 11.2% 14.4% 3.4% 17.2% 19.5% 22.4% 5,903.8 2,195.4 +37.4% 4,529.3 1,321.6 +42.3% 1,645.7 3,407.7 +57.8% 1,174.5 8
Slide 28: Restated Standalone Statement of Profit and Loss
Restated Standalone Statement of Profit and Loss CAGR (Rs. Mn) FY26 FY25 FY24 FY23 FY22 FY21 (FY21- 25) Revenue from Operations 5,903.8 4,529.3 3,407.7 2,516.8 1,944.7 1,205.1 37.4% Consumption 570.4 627.2 460.2 301.5 207.6 137.5 ▪ Non-recurring expenses include: Employee expenses 1,310.2 909.9 742.
Slide 29: Restated Standalone Balance Sheet
Restated Standalone Balance Sheet Assets (Rs. Mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity and liabilities (Rs. Mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 7,447.7 4,010.2 2,545.4 2,096.8 1,374.3 1,140.6 Equity share capital 129.2 129
Slide 30: Restated Standalone Cash Flow Statement
Restated Standalone Cash Flow Statement (Rs. Mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Profit Before Taxes 1,854.9 1,260.2 807.9 131.9 386.7 190.9 Adjustments for Non Cash / Non Operating items 402.2 423.3 756.7 672.3 254.5 127.7 Operating profit before working capital changes 2,257.0 1,683.5 1,
Slide 31: Restated Consolidated Statement of Profit and Loss
Restated Consolidated Statement of Profit and Loss Particulars (Rs. Mn) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 6,029.8 4,573.5 3,407.7 2,516.8 1,944.7 Consumption 581.2 636.8 460.2 301.5 207.6 Employee expenses 1,355.2 928.7 742.7 592.7 462.7 Other Expenses 1,840.2 1,359.2 1,039.0 899.8 64
Slide 32: Restated Consolidated Balance Sheet
Restated Consolidated Balance Sheet Assets (Rs. Mn) Mar-26 Mar-25 Mar-24 Equity and liabilities (Rs. Mn) Mar-26 Mar-25 Mar-24 Non-current assets Equity Property, plant and equipment 7,632.3 4,166.5 2,545.4 Equity share capital 129.2 129.2 118.2 Other equity 15,159.2 13,801.0 6,332.4 Right of use ass
Slide 33: Adj EBITDA & Reported EBITDA Bridge
Adj EBITDA & Reported EBITDA Bridge (Standalone Rs. Mn) FY26 FY25 FY24 FY23 FY22 FY21 (A) Adj EBITDA 2,195.5 1,645.7 1,174.5 795.4 631.5 376.3 (B) Non - Recurring Expenses Fire related expenses 0 0.0 0.0 63.0 0.0 0.0 Provision for credit impaired trade receivable 17.9 35.8 8.6 4.8 2.4 7.9 Profession
Slide 34: For more information Please contact
For more information Please contact: Company: Investor Relations Advisor: Azad Engineering Limited: Strategic Growth Advisors Pvt Ltd. CIN: L74210TG1983PLC004L32 CIN: U74140MH2010PTC204285 Mr. Praneeth Abhishek Gunda, Company Shikha Puri / Srushti Pathak Secretary & Compliance Officer Email id: shik