Audited Financial Results for the quarter and financial year ended 31st March 2026
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Azad Engineering Limited reported strong full-year results for FY26 with standalone revenue of ₹15,391 million, up 36% from ₹11,322 million in FY25. Profit after tax grew 37% to ₹1,242 million on standalone basis, while consolidated PAT jumped 55% to ₹1,336 million. The company raised ₹7,000 million via a Qualified Institutional Placement (QIP) during the year, with ₹5,403 million deployed towards capital expenditure and general corporate purposes as of March 31, 2026. Statutory auditors MSKA & Associates issued an unmodified (clean) opinion on both standalone and consolidated financial statements. However, operating cash flow turned negative at ₹1,233 million for FY26 compared to positive ₹629 million in FY25, indicating significant working capital usage.
The company delivered robust revenue and profit growth exceeding 35% for FY26, which is positive for shareholders. However, the negative operating cash flow and high capital expenditure suggest cash conversion challenges that investors should monitor. The clean audit opinion provides confidence in financial reporting quality.