Azad Engineering reported its financial performance for the quarter ended December 31, 2024, showcasing an 35% year-on-year (YoY) growth in revenue from operations, reaching Rs 120.48 crore, compared to Rs 89.2 crore in the same quarter last year. Total income for the quarter stood at Rs 125.56 crore, including other income of Rs 5.07 crore.
The company witnessed significant improvement in profitability, with its net profit rising to Rs 23.72 crore for the quarter, compared to Rs 20.88 crore in the previous year’s corresponding period. This growth was driven by efficient cost management and operational improvements.
Expenses during the quarter amounted to Rs 91.52 crore, primarily due to material consumption of Rs 32.94 crore and employee benefit expenses of Rs 24.82 crore. Despite an increase in depreciation costs of Rs 7.44 crore, the company maintained its profitability.
Profit before tax (PBT) for the quarter was Rs 34.04 crore, with tax expenses amounting to Rs 10.32 crore.
For the nine months ended December 31, 2024, revenue stood at Rs 330.43 crore, reflecting stable growth trends.
Key Financials (Q3 FY25 vs Q3 FY24):
- Revenue from operations: Rs 120.48 crore (up 35% YoY)
- Total expenses: Rs 91.52 crore
- Net profit: Rs 23.72 crore (YoY improvement)
Azad Engineering’s performance highlights its strong operational efficiency and continued growth trajectory.
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