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HomeMarket NewsStocks NewsAzad Engineering, Pratt & Whitney Canada sign agreement for aircraft engine component manufacturing
The agreement sets a framework for long-term collaboration aimed at strengthening Azad Engineering’s manufacturing capabilities in the aerospace sector, aligning with national strategic priorities. Shares of Azad Engineering Ltd ended at ₹1,638.60, down by ₹34.75, or 2.08%, on the BSE.
Precision engineering firm Azad Engineering Ltd on Tuesday (November 18) said it has signed a Master Terms Agreement and Purchase Agreement with Pratt and Whitney Canada Corp. for the development and manufacturing of aircraft engine components.
The agreement sets a framework for long-term collaboration aimed at strengthening Azad Engineering’s manufacturing capabilities in the aerospace sector, aligning with national strategic priorities.
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While the company did not disclose the size of the contract or significant terms due to confidentiality, it confirmed that there is no shareholding involved between the parties and that the deal does not fall under related-party transactions.
Second Quarter Results
Azad Engineering reported a 60% year-on-year increase in net profit for Q2FY26, reaching ₹33 crore, up from ₹20.5 crore in the same quarter last year. The company’s revenue rose 30.6% to ₹145.6 crore, compared with ₹111.5 crore in Q2FY25. EBITDA increased 32.1% to ₹53.2 crore, from ₹40.3 crore a year ago, with the EBITDA margin at 36.5%, slightly higher than 36.1% in Q2FY25.
In H1FY26, the Energy & Oil & Gas segment contributed ₹226.1 crore, up from ₹166.6 crore in H1FY25, accounting for 35.7% of total revenue. This growth is primarily driven by additional capacity, and the trend is expected to continue as operations scale further.
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The Aerospace & Defence segment recorded revenue of ₹47.1 crore, compared with ₹36.1 crore in H1FY25, representing 30.3% of total revenue. Other operating revenues, which include remaining business streams, decreased to ₹4.0 crore from ₹7.1 crore in H1FY25, contributing 3.4% to total revenue.
Exports accounted for ₹260.4 crore in H1FY26, up from ₹194.3 crore in H1FY25, forming 34% of the revenue mix, while domestic sales were ₹16.8 crore, slightly higher than ₹15.6 crore in H1FY25, contributing 7.4% of total revenue.
Shares of Azad Engineering Ltd ended at ₹1,638.60, down by ₹34.75, or 2.08%, on the BSE.
