Azad Engineering shares rally 10% to hit 52-week high on inaugurating two facilities for GE Vernova's Gas Power business; here’s what analysts said

According to a regulatory filing, the facilities were inaugurated at its Centre of Excellence & Innovation Centre in Tunikibollaram, Hyderabad, on September 28, expanding its footprint to three dedicated facilities for the global energy giant.

The Hyderabad-based firm further stated that the two “state-of-the-art” facilities, each spanning 7,600 sq. m, are dedicated to manufacturing highly engineered rotating and stationary airfoils and specialised machined parts, meeting GE Vernova's global demand in the power generation and essential industries.

Here is what analysts at Goldman Sachs said

Analysts at investment firm Goldman Sachs noted that the company inaugurating two exclusive lean manufacturing facilities for GE Vernova's Gas Power business is particularly relevant.

The analysts said that the newly inaugurated facilities are important since gas-turbine expansion has remained Azad Engineering’s key medium-term growth driver, adding that the firm continues to move up the value chain from a component supplier towards a broader platform/ integrated partner.

Furthermore, the analysts noted that the firm’s sizable order book provides multi-year revenue visibility, while further product/customer qualifications offer incremental optionality beyond the existing base.

Azad Engineering Q1 results

The company reported a 20.2% year-on-year (YoY) increase in its consolidated net profit to ₹35.7 crore in the April-June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹29.7 crore in the corresponding period of the preceding fiscal year.

Its revenue from operations advanced 26% YoY to ₹172.5 crore during the quarter under review, as against ₹137 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

Azad Engineering share performance

At around 2:24 PM, the stock was trading 6.97% higher at ₹2,913 per equity share on the NSE. It touched a year’s low of ₹1,360 apiece on March 23, 2026.

The scrip has risen 5% in the past week and more than 2% over the month. On a year-to-date (YTD) basis, it has advanced more than 79%.

Azad Engineering has a total market capitalisation of ₹18,812.66 crore as of September 29, 2026, according to data on the NSE.