30/09/2026
Azad Engineering: Ex*****on & Expansion Drive π
β’ Capacity Ramp-Up β 6 of 7 facilities commissioned, deepening customer integration and unlocking 2β3 years of high revenue growth.
β’ GE Vernova expansion adds 5β6 year visibility, in addition to growth from India's first indigenous turbojet delivery to GTRE/DRDO.
β’ Order Book & Guidance β Strong order book exceeding βΉ6,500 Cr with steady EBITDA margin expectations of 37β38%.
Not a buy/sell view. Holding in Equity Premium from March 2026.