Azad Engineering Ltd - 544061 - Statement Of Deviation Or Variation Of Funds Raised Through Initial Public Offer (''IPO'') For The Quarter Ended June 30, 2024.
Statement of Deviation & Variation Report for the quarter ended June 30, 2024.09-08-2024
09-08-2024
Azad Engineering Ltd - 544061 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Please find enclosed Monitoring Agency Report for the quarter ended June 30, 2024.09-08-2024
Q1FY25 Quarterly Result Announced for Azad Engineering Ltd.
Industrial Machinery company Azad Engineering announced Q1FY25 results: Revenue: Rs 984.1 million, up by 29.6% YoY Adjusted EBITDA: Rs 339.2 million, up by 28.8% YoY PAT: Rs 171.3 million, up by 131.5% YoY Rakesh Chopdar, Chairman & CEO of the firm said, “Q1FY25 was an outstanding quarter for Azad, with revenue (Rs984.1 Mn) and profitability (Adjusted EBITDA – Rs 339.2 million and PAT – Rs 171.3 million) at record levels. On a YoY basis, the topline grew by 29.6%, adjusted EBITDA increased by 28.8%, and PAT expanded to more than double levels. As per our expectations, the aerospace and defense business has taken off well during the quarter, revenues in Q1FY25 crossing three times the level of Q1FY24. With the first article inspection coming in, we have started commercial production on the oil and gas side, and we expect this to unfold in a big way in FY25 and onwards. We have signed prestigious contracts with Siemens Energy Global and GTRE / DRDO under Ministry of Defence, which are a reflection of Azad’s strategic importance in the domestic and global supply chains. Additionally, we have incrementally added capabilities from component manufacturing to supplying jet engine assemblies, AZAD has moved up the value chain and expanded its TAM significantly. As a part of capability enhancement, we have also acquired the assets of Leo Primecomp Private Limited, which will help us expand the growing requirements in heavy machining to our manufacturing capabilities and consolidate our position in the nuclear, gas, thermal, and oil and gas sectoRs Our strong growth across segments and geographies, coupled with new order wins, is a testament to the trust that Azad has gained with its several years of hard work. We are maintaining our legacy in niche mission-critical components across sectors beyond Nuclear, Energy, Aerospace, Defence, and Oil & Gas where Azad is already an established and proven name.” Result PDF09-08-2024
Azad Engineering Ltd - 544061 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are enclosing herewith Investor Presentation for the quarter ended June 30, 2024.08-08-2024
Azad Engineering Ltd - 544061 - Outcome Of The 02/2024-25 Board Meeting Held On August 08, 2024
Outcome of the 02/2024-25 Board Meeting held on August 08, 2024.08-08-2024
Azad Engineering Ltd - 544061 - Board Meeting Outcome for Outcome Of Board Meeting
With reference and further to the intimation of Board Meeting dated July 30, 2024, we hereby inform you that in the 02/2024-25 meeting of Board of Directors of the Company, duly convened and held on Thursday, August 08, 2024 at the registered office of the Company situated at '90/C,90/D, Phase 1 I.D.A, Jeedimetla, Hyderabad, Telangana, India, 500055' that commenced at 03:30 PM (i.e. 1530 Hours) and concluded at 04:30 PM (i.e. 1630 Hours), the Board of Directors has inter alia transacted the following businesses: Considered and approved the unaudited quarterly Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2024. Other business arising out of the above business and incidental and ancillary to the Company's business.08-08-2024
Azad Engineering Ltd - 544061 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company is hosting Earnings Conference call for analysts and investors on Friday, August 09, 2024, at 03:00 P.M. IST to discuss on the financials results of the Company for the 1st quarter ended June 30, 2024.05-08-2024
Azad Engineering Ltd - 544061 - Board Meeting Intimation for Intimation Of 02/2024-25 Board Meeting Scheduled To Be Held On Thursday, August 08, 2024.
Azad Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2024 ,inter alia, to consider and approve This is to inform you that the 02/2024-25 Meeting of the Board of Directors of the Company is scheduled to be held at its Registered Office situated at '90/C,90/D, Phase 1 I.D.A, Jeedimetla, Hyderabad, Telangana, India, 500055' on Thursday, 08th August, 2024 at 03:30 P.M., inter alia: 1) To consider and approve the Standalone and Consolidated Un-audited Financial Results of the Company for the 1st quarter ended on 30th June, 2024; 2) To transact other incidental and ancillary matters.30-07-2024
Azad Engineering Ltd - 544061 - Intimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 ('LODR Regulations')
Azad Prime Private Limited (a Subsidiary Company of Azad Engineering Limited) has entered into an assets purchase agreement and related documents with Leo Primecomp Private Limited and Mr. A. Vasudevan. This agreement involves the acquisition of assets related to the manufacture and supply of a new family of "Large Size" critical and advanced technology parts. These parts will cater to our existing clients (OEMs) and new customers, expanding our portfolio in the nuclear, gas, thermal, and oil & gas sectors. With tis addition, AZAD will now have capabilities for supplying "Large" mission critical and life-critical components, complementing our existing portfolio of "Small-to-medium size" mission-critical and life-critical components. This will enable us to add new capabilities around large-size product segments such as control valves, rotors, casings, diaphragms, and other heavy engineering systems/sub-systems.25-07-2024
Azad Engineering - The Best Is Yet To Come: ICICI Securities
Azad is on the long runway of significant earnings growth with significant total addressable market still available, says the brokerage.18-07-2024