05 Feb 2025

Azad Engineering Stock Declines Slightly; Reports Strong Q3 Earnings Growth

Azad Engineering is currently trading at RS 1482.70, down by 2.95 points or 0.20% from its previous closing of RS 1485.65 on the BSE.

The stock opened at RS 1504.80 and recorded a high of RS 1505.00 and a low of RS 1441.35 during the session. So far, 19,897 shares have been traded on the counter.

The BSE Group 'A' stock, with a face value of RS 2, touched a 52-week high of RS 2080.00 on June 20, 2024, and a 52-week low of RS 890.60 on February 6, 2024. Over the last week, the stock has fluctuated between RS 1597.45 and RS 1441.35. The company's current market capitalization stands at RS 8732.76 crore.

In terms of shareholding, promoters hold 65.90%, while Institutions and Non-Institutions own 16.55% and 17.56%, respectively.

For Q3FY25 (quarter ended December 31, 2024), Azad Engineering reported a 44.58% rise in net profit to RS 24.29 crore, compared to RS 16.80 crore in the same quarter last year. The company's total income grew by 15.21% to RS 124.05 crore, up from RS 107.67 crore in the corresponding quarter of the previous year.

On a consolidated basis, net profit rose 41.11% to RS 23.72 crore for Q3FY25, compared to RS 16.81 crore in the same period last year. The total income increased 16.62% to RS 125.56 crore, up from RS 107.67 crore in the previous year.