Azad Engineering

** Shares of Azad Engineering AZAD.NS down 6.6% at 1,959.7 rupees

** Stock's biggest intraday pct drop since March 23

** Co posted 42% y/y jump in Q4 profit, while EBITDA rose 34.5% y/y

** Goldman Sachs says EBITDA missed estimates as revenue mix skewed more toward the lower-margin energy segment versus aerospace

** AZAD rated "buy" on avg by 5 analysts; median PT at 1,900 rupees- LSEG-compiled data

** YTD stock up nearly 27%

(Reporting by Devika Nair in Bengaluru)

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** Shares of India's Azad Engineering AZAD.NS rise as much as 4.12%, last up 1.59% to 2146.10 rupees

** Co amended its existing supply pact with Nuovo Pignone S.r.l, a Baker Hughes BKR.O arm, successfully extending the turbomachinery supply deal through to 2030

** Co says amendment responds to increase in annual demand for supply of critical turbomachinery components used in power generation applications

** Trading vols at 1.1 mln shares vs 30-day average of 379,926 shares

** AZAD rated "buy" on average by five analysts, median PT at 1900 rupees -- data compiled by LSEG

** YTD, stock up 27.72%

(Reporting by Surbhi Misra in Bengaluru)

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April 23 (Reuters) - Azad Engineering Ltd AZAD.NS:

• AZAD ENGINEERING - SIGNS AMENDMENT TO STRATEGIC SUPPLY AGREEMENT WITH NUOVO PIGNONE

• AZAD ENGINEERING LTD - AMENDMENT RESPONDS TO SIGNIFICANT INCREASE IN DEMAND FOR TURBOMACHINERY COMPONENTS

• AZAD ENGINEERING LTD - STRATEGIC SUPPLY AGREEMENT REMAINS IN FORCE UNTIL CY 2030

Source text: ID:nBSEvzTZl

Further company coverage: AZAD.NS

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** Shares of India's Azad Engineering AZAD.NS jump 3% to 1,515 rupees

** Co executed long-term contract with Mitsubishi Heavy Industries 7011.T

** Contract for 8 years to supply hot-section Nozzle Vanes Segments of gas turbine engines

** Brokerage Goldman Sachs ("buy", PT at 2200 rupees) says contract has far-reaching implications, opens a fresh growth vector for company

** Adds contract is a significant development as it establishes company's capability in hot-section part of turbine as well

** Says this could result in more orders for hot-section components from other energy customers

** More than 524,430 shares change hand by 9.50 am IST vs 30-day avg of 240,322 shares

** AZAD stock rated "buy" on avg by 5 analysts covering it; median PT at 1,900 rupees

** YTD, AZAD stock down ~8%

(Reporting by Komal Salecha in Bengaluru)

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March 25 (Reuters) - Azad Engineering Ltd AZAD.NS:

• TAX PENALTIES OF 1 MILLION RUPEES AND 110,582 RUPEES LEVIED ON CO

Source text: ID:nNSE1vgYx6

Further company coverage: AZAD.NS

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** Shares of Indian aerospace-linked stocks rise between 1.1% to 9.6%

** Hindustan Aeronautics ltd HIAE.NS up 1.1%, Dynamatic Technologies DYNM.NS climbs 9.6%, Azad Engineering AZAD.NS rises 4.5% and Aequs Ltd AEQU.NS up 3.5%

** U.S. and India agreed on an interim trade framework, which is expected to boost U.S. aerospace original equipment manufacturers and their Indian supply chain partners

** ICICI Direct Research says interim trade framework announcement is a positive development for Indian aerospace industry, potentially leading to enhanced cost competitiveness for supply chain

** HIAE, DYNM, AZAD expected to benefit considerably, brokerage notes

(Reporting by Brijesh Patel in Bengaluru)

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Adds chart, no changes to text

** Goldman Sachs initiates coverage on eight Indian defense stocks helped by a six-fold rise in domestic defense spending, scope for indigenization and export expansion

** Notes, despite India being a top defense spender and importer, investor attention remains skewed toward public-sector firms, even as private-sector players offer stronger growth and deeper exposure to advanced technologies

** Azad Engineering ("Buy", PT: 2,055 rupees) climbs the most to 8%; to deliver stronger EPS growth than global peers, with improving RoE and sustained momentum through FY33 - GS

** Broker's top picks Solar Industries SLIN.NS and PTC Industries PCIN.NS up 3.5% and 4%, respectively

** SLIN has a unique moat in high energetic materials, PCIN is establishing itself as a leading aerospace grade titanium and superalloy player - GS

** Brokerage initiates "Buy" at Astra Microwave ASTM.NS, Data Patterns DATP.NS and Bharat Electronics BAJE.NS, which are up 4%, 5.9% and 1.1%, respectively

** Hindustan Aeronautics HIAE.NS up 1.34% after being assigned "Neutral" and Bharat Dynamics BARA.NS gains 0.9% after being rated "sell"

(Reporting by Urvi Dugar)

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** Shares of Azad Engineering AZAD.NS rise 2% to 1,588 rupees

** Co signs $73.47 mln long-term contract with Mitsubishi Heavy Industries 7011.T

** Order for supply of airfoils for advanced gas & thermal power turbine engines

** AZAD rated "strong buy" by 3 analysts on average; median target price is 1,900 rupees – data compiled by LSEG

** Stock down 7.7% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Azad Engineering AZAD.NS jumps 7% to 1,605 rupees; marks biggest intraday pct gain since April 15

** Aerospace and defense parts maker posts 73.5% y/y surge in June-quarter consol net profit; rev from ops rises 39.3% y/y

** Investec Bank says results 9%–11% above its and consensus estimate, primarily led by higher-than-expected revenues

** Adds co logged revenue growth of 35% or higher for three consecutive quarters

** More than 611,041 shares traded, 3.9x the 30-day avg

** YTD, AZAD falls 6.7%

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Shares of Azad Engineering AZAD.NS fall 8% to 1,614.10 rupees, set to decline for second straight session

** Over 5.1 mln shares traded in 31 block deals on NSE at 1,582.4-1,698.3 rupees per share - as per data compiled by LSEG

** Block deals at 3.2%-9.8% discount to prev close of 1,753.60 rupees

** Overall trading volumes at 8.8 mln shares, nearly 25x the 30-day average

** AZAD down ~6% YTD

(Reporting by Vijay Malkar)

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** Aerospace and defense manufacturer Azad Engineering AZAD.NS up 4.44% to 1,621.9 rupees

** Co signs supply agreement with GE Steam Power GMBH, through its GE Vernova GEV.N Power business for manufacturing of airfoils

** Contract valued at 4.52 billion rupees ($53.5 million) for six years

** With session's gains, AZAD shares up 23.6% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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March 3 (Reuters) - Azad Engineering Ltd AZAD.NS:

• COMPLETES QUALIFIED INSTITUTIONS PLACEMENT

• ALLOCATES 5.5 MILLION SHARES AT 1,280 RUPEES PER SHARE

Source text: ID:nNSE2VNLR3

Further company coverage: AZAD.NS

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** Shares of Azad Engineering AZAD.NS up 2.7% to 1,513.4 rupees

** Aerospace and defense parts maker signs deal with Rolls-Royce RR.L to produce civil aircraft engine parts in India

** Co says the order value is not determinable at this stage

** Stock set to snap three-session losing streak

** AZAD stock price more than doubled in 2024

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 5 (Reuters) - Azad Engineering Ltd AZAD.NS:

• ROLLS-ROYCE INKS DEAL WITH AZAD ENGINEERING FOR AIRCRAFT ENGINE COMPONENTS

Source text: ID:nBSE7kvHY3

Further company coverage: AZAD.NS

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** Shares of Azad Engineering AZAD.NS climb 6.1% to 1,506.1 rupees

** The aerospace and defense parts maker sign deal with Siemens Energy's ENR1n.DE unit to supply machined parts and assemblies

** Deal for 8.11 bln rupees (~$94 mln)

** About 308,000 shares traded, higher than 30-day avg of 189,908 shares

** Stock down ~13% so far in Jan, on track for biggest monthly fall since July

($1 = 86.5740 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Jan 29 (Reuters) - Azad Engineering Ltd AZAD.NS:

• AZAD ENGINEERING LTD - SIGNED LONG-TERM CONTRACT & PRICE AGREEMENT WITH SIEMENS ENERGY GLOBAL GMBH

• AZAD ENGINEERING LTD - AGREEMENT FOR MANUFACTURING AND SUPPLY OF MISSION CRITICAL COMPONENTS

• AZAD ENGINEERING LTD - CURRENT PHASE OF CONTRACT VALUED AT 8.11 BILLION RUPEES

Source text: ID:nNSE9P5Jnz

Further company coverage: AZAD.NS

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** Shares of heavy electrical equipments maker Azad Engineering AZAD.NS rise 7.4% to 1,699.50 rupees in early trade

** Co signs six-year agreement with GE Vernova International to supply airfoils for advanced gas turbine engines

** Current phase of contract valued at 9.6 bln rupees ($112 mln)

** AZAD more than doubled in 2024

($1 = 86.3820 Indian rupees)

(Reporting by Vijay Malkar)

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Jan 15 (Reuters) - Azad Engineering Ltd AZAD.NS:

• HAS SIGNED A LONG TERM SUPPLY AGREEMENT WITH GE VERNOVA INTERNATIONAL LLC, USA

• CURRENT PHASE OF CONTRACT VALUED AT $112 MILLION

Source text: ID:nNSE4SqMpn

Further company coverage: AZAD.NS

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Jan 3 (Reuters) - Azad Engineering Ltd AZAD.NS:

• AZAD ENGINEERING LTD - TO RAISE FUNDS UP TO 10 BILLION RUPEES

Source text: ID:nNSE5MQdZf

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Nov 12 (Reuters) - Azad Engineering Ltd AZAD.NS:

• AZAD ENGINEERING - SIGNED SUPPLY AGREEMENT WITH ARABELLE SOLUTIONS FRANCE

• AZAD ENGINEERING- SUPPLY AGREEMENT VALUED AT $40 MILLION

Source text: ID:nNSE5h1xZp

Further company coverage: AZAD.NS

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Azad Engineering Ltd AZAD.NS:

• AZAD ENGINEERING SEPT-QUARTER CONSOL NET PROFIT 210.1 MILLION RUPEES

• AZAD ENGINEERING SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.12 BILLION RUPEES

Source text: ID:nNSE2Fgxh1

Further company coverage: AZAD.NS

** Azad Engineering AZAD.NS soars 12.7% to 1,647 rupees; set for best day since Jan. 30

** Co signs contract worth 7 bln rupees ($83 mln) with Japan's Mitsubishi Heavy Industries 7011.T to supply airfoils for gas and thermal power turbine engines

** AZAD on track for sixth straight session of gains

** More than 800,000 shares traded, ~7x the 30-day avg, in stock's busiest session since July 18

** YTD, stock up ~140%

($1 = 84.0730 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Azad Engineering AZAD.NS climb ~2% to 1,494 rupees

** Co gets ~$16 mln order from U.S.-based Honeywell Aerospace to manufacture and supply aviation-related components

** Stock more than doubles YTD

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Azad Engineering AZAD.NS jump 4.6%, biggest intraday percentage gain in a month to 1577.8 rupees apiece

** Rise after Investec initiates coverage on the aerospace and defense parts supplier with "buy"

** Investec sets a target price of 1,850 rupees on AZAD, implying a 22.7% upside over the next 12 months

** AZAD is the only Indian company to offer 3D airfoils to global OEMs, underscoring industry's strong entry barriers, says Investec

** Estimates profit after tax (PAT) for AZAD to grow at 40% CAGR over fiscal years 2024-2027, helped by recent order wins, diversification and reduction in finance costs - Investec

** Adds, AZAD's performance since market debut inspires confidence

** Shares of AZAD up 206% over its issue price of 524 rupees since its listing on Dec. 28, 2023

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Azad Engineering AZAD.NS up 3.5% to 1,759 rupees

** Stock on track for best one-day pct gain since late-June

** The engineering firm won an order from Germany's Siemens Energy Global to make critical rotating components

** Co did not disclose an order value

** Shares see busiest day in 3 weeks, with more than 462,000 shares traded

** Stock is up 141% since debut in late-Dec. 2023

(Reporting by Aleef Jahan in Bengaluru)

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July 11 (Reuters) - Azad Engineering Ltd AZAD.NS:

• GETS AWARD FOR TENURE OF 5 YEARS FROM SIEMENS ENERGY GLOBAL GMBH & CO.

Source text for Eikon: ID:nBSEb1kTDp

Further company coverage: AZAD.NS

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March 13 (Reuters) - Azad Engineering Ltd AZAD.NS:

• SIGNED 7 YEAR CONTRACT WITH STEAM POWER BUSINESS OF GE VERNOVA

• CONTRACT FOR SUPPLY OF HIGH-COMPLEX ROTATING AIRFOILS FOR NUCLEAR, INDUSTRIAL AND THERMAL POWER INDUSTRY

• AGREEMENT VALUED AROUND USD 35 MILLION

Source text for Eikon: [ID:]

Further company coverage: AZAD.NS

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March 12 (Reuters) - Azad Engineering Ltd AZAD.NS:

• SIGNED ANOTHER STRATEGIC SUPPLY AGREEMENT (SSA) WITH BAKER HUGHES

• BAKER HUGHES SIGNS A 5 YEAR STRATEGIC SUPPLY AGREEMENT WITH CO

• AGREEMENT TO SUPPLY MEDIUM-HIGH COMPLEX PRECISION MACHINED COMPONENTS FOR OIL FIELD SERVICES

Source text for Eikon: ID:nBSE4bNrLf

Further company coverage: AZAD.NS

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March 7 (Reuters) - Azad Engineering Ltd AZAD.NS:

• SIGNED LONG-TERM STRATEGIC SUPPLY AGREEMENT WITH UNIT OF BAKER HUGHES

• SIGNED LONG-TERM STRATEGIC SUPPLY AGREEMENT FOR SUPPLY OF HIGH-COMPLEX, CRITICAL COMPONENTS

Source text for Eikon: ID:nBSEbgstFr

Further company coverage: AZAD.NS

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March 6 (Reuters) - Azad Engineering Ltd AZAD.NS:

• SECURED A LONGTERM STRATEGIC SUPPLIER AGREEMENT WITH NUOVO PIGNONE SRL

• AGREEMENT TO TRANSLATE TO BUSINESS VALUE FOR 5 YEARS, INVOLVES SUPPLY OF HIGH-COMPLEX, CRITICAL COMPONENTS FOR OIL & GAS SECTOR

Further company coverage: AZAD.NS

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