Azad Engineering successfully delivered India's first indigenous expendable turbojet engine, marking a strategic shift to a fully integrated propulsion system player.

Massive production scale-up is anticipated in months, significantly expanding its market.

The new Baker Hughes facility is now operational, contributing to second-half revenue growth, with Rolls-Royce qualification parts deliveries also imminent.

For Q1 FY27, standalone revenue grew 26.8% year-on-year to ₹170.5 Cr, and EBITDA increased 32.1% to ₹64 Cr.

Margins remained robust at 37.6% (EBITDA) and 21.3% (PAT). Management is confident in achieving over 25% annual revenue growth, expecting accelerated performance from Q3 onwards, driven by fully operational infrastructure and strong industry tailwinds.