Approval of Audited Standalone and Consolidated Financials for the quarter and year ended 31st March,2026.
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Azad India Mobility Ltd reported strong financial results for FY2026. Standalone net sales surged to Rs. 6,493.51 lakhs from Rs. 903.18 lakhs in FY2025, representing over 600% revenue growth driven by the company's shift to EV Luxury bus manufacturing. Profit after tax jumped to Rs. 239.30 lakhs from Rs. 7.21 lakhs, while EPS improved to Rs. 0.44 from Rs. 0.02. The company also appointed Mrs. Sabina Khurana as CEO with 30 years of global leadership experience, and Mr. Ramesh Chandra Pareek resigned as Non-Executive Independent Director due to personal commitments. Auditors R. Bhargava & Associates issued an unmodified opinion on both standalone and consolidated financials.
The company has shown exceptional revenue and profit growth following its pivot to EV bus manufacturing. However, the significant negative operating cash flow of Rs. 4,166.83 lakhs despite positive net profit indicates substantial working capital requirements. Shareholders should monitor cash conversion and working capital management as the company scales operations.