Azad Engineering has secured a contract from Gas Turbine Research Establishment under Defence Research and Development Organisation, Ministry of Defence, Govt. of India for end-to-end manufacturing, assembly and integration of complete assembled advanced turbo gas generator engine. The company will commence delivery of integrated turbo engines by early 2026. Powered by Capital Market - Live News

Net profit of Azad Engineering rose 0.67% to Rs 14.93 crore in the quarter ended March 2024 as against Rs 14.83 crore during the previous quarter ended March 2023. Sales rose 9.29% to Rs 92.80 crore in the quarter ended March 2024 as against Rs 84.91 crore during the previous quarter ended March 2023.For the full year,net profit rose 591.62% to Rs 58.58 crore in the year ended March 2024 as against Rs 8.47 crore during the previous year ended March 2023. Sales rose 35.40% to Rs 340.77 crore in the year ended March 2024 as against Rs 251.68 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales92.8084.91 9 340.77251.68 35 OPM %33.7835.85 -34.2128.72 - PBDT28.0924.28 16 101.3229.74 241 PBT22.6320.13 12 80.7913.16 514 NP14.9314.83 1 58.588.47 592 Powered by Capital Market - Live News

Azad Engineering will hold a meeting of the Board of Directors of the Company on 21 May 2024Powered by Capital Market - Live News

Azad Engineering announced that Baker Hughes has signed a 5 yearstrategic supply agreement with the company to supply medium-high complex precision machined components for oil field services. This contract would translate to substantial business value for the next 5 years and is extendable up-to three additional one year terms.Powered by Capital Market - Live News

Azad Engineering has secured a Long Term Strategic Supplier Agreement [SSA) with Nuovo Pignone Srl, a company that is part ofBaker Hughes` Industrial & Energy Technology (IET) business, headquartered in Florence, Italy, Europe. This SSA would translate to significant business value for 5 years and involves the supply of high-complex and critical components for the Oil & Gas sector.Powered by Capital Market - Live News