Azad Engineering (AZAD) Q3 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024, were reviewed and approved by the Board on February 4, 2025.

• Statutory auditors issued unmodified (clean) limited review reports for both standalone and consolidated results.

Financial highlights

• Consolidated revenue from operations for Q3 FY25 was Rs 1,204.84 Mn, up from Rs 892.26 Mn in Q3 FY24; nine-month revenue was Rs 3,304.28 Mn, up from Rs 2,479.73 Mn year-over-year.

• Consolidated profit after tax for Q3 FY25 was Rs 237.20 Mn, compared to Rs 168.05 Mn in Q3 FY24; nine-month profit was Rs 617.25 Mn, up from Rs 438.35 Mn year-over-year.

• Standalone revenue for Q3 FY25 was Rs 1,185.88 Mn, up from Rs 892.26 Mn in Q3 FY24; nine-month standalone revenue was Rs 3,284.09 Mn, up from Rs 2,479.73 Mn year-over-year.

• Standalone profit after tax for Q3 FY25 was Rs 242.91 Mn, compared to Rs 168.04 Mn in Q3 FY24; nine-month profit was Rs 624.91 Mn, up from Rs 436.51 Mn year-over-year.

• Basic and diluted EPS (consolidated) for Q3 FY25 was Rs 4.05, up from Rs 3.37 in Q3 FY24; nine-month EPS was Rs 10.50, up from Rs 8.74 year-over-year.

Outlook and guidance

• IPO proceeds are being deployed as per the prospectus, with excess utilization for general corporate purposes within regulatory limits.

• Net unutilized IPO proceeds are temporarily invested in deposits with commercial banks.