Azad Engineering Q1 Results: Profit Surges 74%, Revenue Up 39%

Azad Engineering Ltd.'s net profit for quarter ending June surged 73.7% year-on-year. The company also reported a 39% rise in revenue.

The aerospace component and turbine manufacturer reported a consolidated bottom line of Rs 29.7 crore. This compares to the company's net profit of Rs 17.1 in the year ago period, according to an exchange filing on Monday.

• Revenue up 39.2% to Rs 137 crore versus Rs 98.4 crore

• Net Profit up 73.7% to Rs 29.7 crore versus Rs 17.1 crore

• Ebitda up 48.8% to Rs 49.1 crore versus Rs 33 crore

• Margin at 35.8% versus 33.5%

The quarterly earnings were shared aftermarket hours. The stock settled 3.41% higher at Rs 1500.20 apiece on the NSE, compared to a 0.64% advance in the benchmark Nifty 50.

Azad Engineering's shares have fallen 12.89% in the last 12 months and 6.81% year-to-date.

Out of the four analysts tracking the company, three recommend buying the shares and one suggests selling them.