Azad Engineering Q1 Results: Profit Surges 74%, Revenue Up 39%
Margin expanded to 35.8% versus 33.5% in the year-ago period.
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.
Azad Engineering Q1 Highlights (Consolidated, YoY)
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.
