Integrated Filing — IndAS



General information about company

Scrip Code 544061
NSE Symbol AZAD
MSEI Symbol NOTLISTED
ISIN INE02IJ01035
Name of company AZAD ENGINEERING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 15-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing
Start date and time of board meeting 15-05-2026   16:00:00
End date and time of board meeting 15-05-2026   16:28:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 16,153.90 60,297.50
Other income 1,658.10 4,565.40
Total income 17,812.00 64,862.90
2 Expenses
(a) Cost of materials consumed 3,099.00 13,047.30
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,993.70) (7,235.00)
(d) Employee benefit expense 3,831.70 13,552.30
(e) Finance costs 986.30 3,081.90
(f) Depreciation, depletion and amortisation expense 1,680.50 5,284.20
(f) Other Expenses
1 Stores and spares consumed 715.70 2,636.50
2 Job work charges 704.00 3,154.10
3 Repairs and maintenance 164.80 697.90
4 Transportation charges 463.60 1,444.40
5 Power and fuel 814.50 2,631.60
6 Travelling and conveyance expenses 95.60 398.50
7 Rent 43.10 163.60
8 Rates and taxes 89.50 348.10
9 Printing , stationary, postage and courier 27.30 122.00
10 Others 1,966.60 6,804.90
Total other expenses 5,084.70 18,401.60
Total expenses 12,688.50 46,132.30
3 Total profit before exceptional items and tax 5,123.50 18,730.60
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,123.50 18,730.60
6 Tax expense
7 Current tax 550.40 3,197.20
8 Deferred tax 892.60 2,177.10
9 Total tax expenses 1,443.00 5,374.30
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,680.50 13,356.30
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 3,680.50 13,356.30
17 Other comprehensive income net of taxes 40.70 0.50
18 Total Comprehensive Income for the period 3,721.20 13,356.80
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,598.50 13,287.70
Total profit or loss, attributable to non-controlling interests 82.00 68.60
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,639.10 13,286.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 82.10 70.20
21 Details of equity share capital
Paid-up equity share capital 1,291.60 1,291.60
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,51,598.20
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.57 20.57
Diluted earnings (loss) per share from continuing operations 5.57 20.57
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.57 20.57
Diluted earnings (loss) per share from continuing and discontinued operations 5.57 20.57
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above consolidated financial results of Azad Engineering Limited (the Company / Holding Company) for the quarter and year ended March 31, 2026, were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on May 15, 2026. The Statutory Auditors have issued an unmodified audit opinion on the financial results for the year ended March 31, 2026 and have issued an unmodified conclusion in respect of limited review for the quarter ended March 31, 2026. 2. The consolidated financial results include results of the following subsidiaries:Azad VTC Private Limited and AZAD Prime Private Limited. 3. The consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 (the Act”) read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (“SEBI”). 4. Refer the Notes filed in financial result pdf format. 5. On November 21, 2025, the Government of India notified the four Labour Codes . the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has considered the impact of the changes, consistent with the Labour Codes, draft rules, FAQs and legal opinion. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 6. The operations of the Company predominantly relate to the manufacture and sale of high precession and OEM components. As such there is only one primary reportable segment as per Ind AS 108 Operating Segments. 7. The figures for the quarters ended March 31, 2026 and March 31, 2025 represent the balancing figures between the audited figures for the financial years ended March 31, 2026 and March 31, 2025 and the reviewed unaudited results for the nine months ended December 31, 2025 and December 31, 2024 respectively.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 77,934.40
Capital work-in-progress 25,668.20
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Security deposits 115.80
2 Deposit accounts with maturity for more than 12 months 3,412.00
3 Interest accrued on fixed deposits with maturity for more than 12 months 331.00
4 Advance towards purchase of investments 207.80
Total of other non-current financial assets 4,066.60
Total non-current financial assets 4,066.60
Deferred tax assets (net) 0.00
Other non-current assets
1 Capital advances 12,166.70
2 Interest on capital Advance 181.10
3 Forex Loss Adj to Capiatl Advances-IND21 24.00
4 Prepaid expenses 467.60
5 Balance with statutory authorities - deposits 565.70
Total of other non-current assets 13,405.10
Total non-current assets 1,21,074.30
2 Current assets
Inventories 32,911.30
Current financial asset
Current investments 0.00
Trade receivables, current 31,166.10
Cash and cash equivalents 2,459.20
Bank balance other than cash and cash equivalents 15,999.90
Loans, current 0.00
Other current financial assets
Total of other current financial assets 626.10
Total current financial assets 50,251.30
Current tax assets (net) 0.00
Other current assets
1 Advance to suppliers 4,241.10
2 Advances to employees 122.00
3 Balance with government authorities 11,025.10
4 Other deposits and advances 53.30
5 Prepaid expenses 325.80
Total of other current assets 15,767.30
Total current assets 98,929.90
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,20,004.20
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,291.60
Other equity 1,51,598.20
Total equity attributable to owners of parent 1,52,889.80
Non controlling interest (6.20)
Total equity 1,52,883.60
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 28,094.70
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 1,504.60
2 Redemption liability 1,715.00
Total of other non-current financial liabilities 3,219.60
Total non-current financial liabilities 31,314.30
Provisions, non-current 619.00
Deferred tax liabilities (net) 4,920.20
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 36,853.50
Current liabilities
Current financial liabilities
Borrowings, current 17,569.20
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,811.20
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 6,716.20
Total Trade payable 8,527.40
Other current financial liabilities
1 Lease liabilities 263.80
2 Employee benefits payable 1,349.70
3 Interest accrued but not due on borrowings 151.90
4 Capital creditors 1,204.80
5 Other payables 466.20
6 QIB expense payable 30.00
7 Interest on suppliers registered under MSME Act, 2006 6.60
Total of other current financial liabilities 3,473.00
Total current financial liabilities 29,569.60
Other current liabilities 513.40
1 Statutory dues payable 401.40
2 Advance from customers 94.60
3 Others payables 17.40
Total of other current liabilities 513.40
Provisions, current 81.50
Current tax liabilities (Net) 102.60
Deferred government grants, Current 0.00
Total current liabilities 30,267.10
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 67,120.60
Total equity and liabilites 2,20,004.20
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gains / (losses) on defined benefit plans 57.90 0.40
Total Amount of items that will not be reclassified to profit and loss 57.90 0.40
2 Income tax relating to items that will not be reclassified to profit or loss 17.20 (0.10)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 40.70 0.50



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 18,730.60
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,081.90
Adjustments for decrease (increase) in inventories (13,981.20)
Adjustments for decrease (increase) in trade receivables, current (7,369.10)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (7,397.60)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 69.70
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 610.50
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (156.40)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 5,284.20
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 179.60
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (2,300.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (1,581.60)
Adjustments for dividend income 0.00
Adjustments for interest income 2,284.80
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 99.30
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (25,745.50)
Net cash flows from (used in) operations (7,014.90)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 4,881.70
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (11,896.60)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 57,248.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 2,152.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 47,953.40
Net cash flows from (used in) investing activities (7,142.20)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 22,475.50
Repayments of borrowings 1,169.80
Payments of lease liabilities 209.90
Dividends paid 0.00
Interest paid 3,516.10
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (165.00)
Net cash flows from (used in) financing activities 17,414.70
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,624.10)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (1,624.10)
Cash and cash equivalents cash flow statement at beginning of period 4,083.30
Cash and cash equivalents cash flow statement at end of period 2,459.20





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M S K A & ASSOCIATES LLP Yes 31-07-2027