In H1FY26, the Energy & Oil & Gas segment contributed ₹226.1 crore, up from ₹166.6 crore in H1FY25, accounting for 35.7% of total revenue. This growth is primarily driven by additional capacity, and the trend is expected to continue as operations scale further.
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The Aerospace & Defence segment recorded revenue of ₹47.1 crore, compared with ₹36.1 crore in H1FY25, representing 30.3% of total revenue. Other operating revenues, which include remaining business streams, decreased to ₹4.0 crore from ₹7.1 crore in H1FY25, contributing 3.4% to total revenue.
Exports accounted for ₹260.4 crore in H1FY26, up from ₹194.3 crore in H1FY25, forming 34% of the revenue mix, while domestic sales were ₹16.8 crore, slightly higher than ₹15.6 crore in H1FY25, contributing 7.4% of total revenue.
Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, “Today, we have three customer-specific plants that showcase our ability to align closely with our global OEMs and scale with agility. These plants are aligned with our customers in the Energy and Oil & Gas space, resulting in a 35.7% growth in this segment’s revenues during H1FY26. Parallelly, the Aerospace & Defence segment registered a healthy 30.3% improvement on the back of the commercialisation of new products.
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Our orderbook position has further strengthened with the signing of Phase 2 of the Mitsubishi contract, which has a combined contract value of ₹13,870 million. With this strong order book and a strategic plan for expansion, we anticipate even stronger performance in the second half of FY26 and remain confident in achieving our projected 25% to 30% topline growth for the year.”
Shares of Azad Engineering Ltd ended at ₹1,695.95, down by ₹2.80, or 0.16%, on the BSE.
