The shares of Defence company primarily engaged in manufacturing complex components for the aerospace, defense, and energy industries surged up to 5.5% in today’s trade after announcing its long term International Deal from Rolls Royce London
Share Price Movement
The shares of Azad Engineering Ltd, with a market capitalization of Rs 8,939 Crores, reached an Intraday high at Rs 1,556 per share, gaining around 5.5% on Thursday’s trade.
However the shares as of 11:00 am retreated to Rs 1,513 per share which was 2.6% higher than the previous close of Rs 1,474. The shares generated 62% in 1 year, and 109% in 3 years respectively.
Contract Details
As per a press release dated 5th February 2025, Azad Engineering Ltd informed that Rolls Royce PLC, London- United Kingdom signed a deal with Azad Engineering Ltd, Hyderabad- India.
The purpose of this International Deal is to produce Civil Aircraft Engine components in AZAD, India to supply super critical complex machined parts on a long term basis for a period of life of the Engine Program.
This milestone agreement marks another new chapter of Civil Aircraft Engine Components in the collaboration between Azad Engineering and Rolls Royce, reinforcing both organizations’ commitment to innovation, precision engineering, and excellence in Aerospace manufacturing.
Financials
The company reported an increase of 35% from Rs 89 Crores in Q3FY24 to Rs 120 Crores in Q3FY25. Its Net Profits increased by 41% from Rs 17 Crores to Rs 24 Crores over the same period.
Previous Order Details
As per a press release dated January 29th 2025, AZAD has signed a long-term Contract & Price Agreement with Siemens Energy Global GmbH & Co. KG, for manufacturing and supply of mission critical components, including combustion commodities, cold blades & vanes, machined parts & assemblies. This current phase of contract is valued at Rs 811 Cr for a span of 6 years.
About Azad Engineering
Azad Engineering is one of the key manufacturers of qualified product lines in the aerospace and defence, energy and oil and gas industries. Their products include 3D rotating airfoil portions of turbine engines and other critical products for defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power.
Written By Adhvaitha Nayani
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