Azad Engineering Share Gains on Winning Order From GE Vernova

Azad Engineering Limited, established in 1983 and headquartered in Hyderabad, India, is a distinguished manufacturer renowned for its expertise in precision-engineered components catering to the aerospace, defence, energy, and oil & gas industries.

Signed Agreement with GE Vernova 

In a significant development, Azad Engineering has secured a prestigious long-term supply agreement with GE Vernova International LLC, USA. Under this contract, the company will supply highly engineered, intricate rotating and stationary airfoils for advanced gas turbine engines, addressing the global demand in the power generation sector.

This phase of the agreement, valued at an impressive ₹960 crore, represents a monumental stride in fortifying Azad Engineering’s enduring strategic partnership with GE Vernova International LLC, USA. The order, set to be executed over six years, further underscores the company’s commitment to delivering unparalleled quality and precision.

Azad Engineering Q2 FY25 Results

Azad Engineering reported robust financial performance in Q3FY25 with total revenue surging 34% YoY to ₹111 crore from ₹82 crore in Q3FY24. EBITDA grew by 34% YoY to ₹39.8 crore, with the margin expanding by 200 basis points to 35.7%. Net profit showed a steady 7% YoY increase to ₹20.8 crore. 

As of Q2FY25, the company’s order book stood at ₹4,200 crore, including clients like Mitsubishi Heavy Industries and Honeywell Aerospace. In November 2024, Azad Engineering secured a contract worth ₹340 crore from Arabelle Solutions France, boosting its total order book to ₹5,500 crore after a recent win from GE Vernova.

Share Price Performance 

At 2:19 PM today, shares of Azad Engineering Ltd. were trading at ₹1,681.60 each on the NSE. The stock price is up by 10% today, with the highest traded price reaching ₹1,733.15.

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