Azad Engineering shares surge 5% on signing agreement with Pratt and Whitney Canada

The stock was trading 2.16% higher at ₹1,676 per equity share at around 11:53 am.

The scrip has advanced nearly 3% over the past five days and more than 2% over the month. However, it has declined a little over 9% in the last six months. On a year-to-date basis, it has lost nearly 8.5%.

While the stock reached a 52-week low of ₹1,159.45 on April 7, 2025, it touched a year’s high of ₹1,929.80 per equity share on January 3, 2025.

The long-term international pact was signed for the development and manufacturing of aircraft engine components, the firm said in a regulatory filing on Tuesday.

“This agreement establishes a framework for long-term collaboration aimed at strengthening Azad's manufacturing capabilities in the aerospace sector, in alignment with national strategic priorities,” it stated.

The Hyderabad-headquartered company did not disclose the time period of contract execution and the financial details due to confidentiality.

Azad Engineering Q2 results

The precision engineering firm reported a 60% year-on-year (YoY) growth in its consolidated net profit to ₹33 crore for the September quarter of the 2025-26 financial year (Q2FY26), compared to ₹20.5 crore it logged in the corresponding period of the previous fiscal year.

During the quarter under review, its revenue from operations increased 30.5% annually to ₹145.6 crore, as against ₹111.5 crore in the second quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹53.2 crore in Q2FY26, marking a 32.1% YoY jump from ₹40.3 crore in the year-ago period.

Consequently, its EBITDA margin slightly expanded to 36.5% during the reporting quarter, in contrast to 36.1% in the September FY25 quarter.

Azad Engineering has a total market capitalisation of ₹10,827.13 crore, as of November 19, 2025, according to data on the NSE.