Shares of Azad Engineering Limited surged over 3% in trade after the company reported a strong set of consolidated results for the third quarter, supported by robust revenue growth and margin expansion.
For Q3, revenue rose 31.8% year-on-year to Rs 159 crore compared with Rs 120 crore in the corresponding quarter last year. EBITDA increased 45.7% to Rs 62.2 crore versus Rs 42.7 crore a year ago, reflecting improved operating performance.
The company’s EBITDA margin expanded by 370 basis points to 39.2% from 35.5% in the same period last year, indicating better cost efficiencies and operating leverage. Net profit climbed 44.4% year-on-year to Rs 34.5 crore, compared with Rs 23.9 crore in Q3 of the previous fiscal.
Following the earnings announcement, the stock saw buying interest on the bourses. During the session, Azad Engineering shares touched a high of Rs 1,646.20 and a low of Rs 1,509.10. The stock opened at Rs 1,555.00 against a previous close of Rs 1,579.10.
On a 52-week basis, the stock has traded between a low of Rs 1,159.45 and a high of Rs 1,899.00, reflecting volatility over the past year.