Azad Engineering Share: The demand for shares of Hyderabad based Azad Engineering Limited was very high among investors today. The share has jumped 4.81 percent to reach a high level of Rs 1717.
At around 9:45 am, shares of Azad Engineering were seen trading at Rs 1689, up by 3.11. In comparison, BSE Sensex was trading at the level of 84712.84. Today, the reason for the rise in the shares of Azad Engineering is a big business deal.
What’s the deal?
Actually, the company has entered into a master term agreement and purchase agreement with Pratt & Whitney (P&W) Canada. In an exchange filing, Azad Engineering said, “Azad Engineering Limited has entered into a deal with Pratt & Whitney Canada Corp for the development and manufacturing of aircraft engine components.
Under the terms of the order, Azad Engineering will be responsible for the development and manufacturing of aircraft engine components. The company said that the purpose of this deal is to strengthen the company’s manufacturing capacity in the aerospace sector along with national strategic priorities. However, the company did not tell how much the deal was done for.
How has been the business so far this year?
In the first six months of the financial year 2026, the company’s revenue increased by 32.1 percent to Rs 277.18 crore as compared to last year, while Ebitda jumped by 37.1 percent to Rs 99.9 crore, which also shows a strong margin of 36 percent. The company’s profit after tax (PAT) increased by 64.9 percent to Rs 62.99 crore. At the same time, in the second quarter the company’s revenue increased by 28.1 percent to Rs 142.67 crore. EBITDA increased by 29.2 percent to Rs 51.38 crore. Profit after tax (PAT) increased by 56.6 percent to Rs 33 crore.
Many giants have placed bets
Cricket legend Sachin Tendulkar has placed a big bet in Azad Engineering Limited. In the year 2023, Sachin had invested Rs 5 crore in the company. Apart from them, players like Saina Nehwal, PV Sindhu and VVS Laxman have also invested Rs 1 crore each in the company.
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