India's Azad Engineering slips after quarterly revenue misses estimates

Azad Engineering

18/05/2026 08:00

** 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)

((Devika.MadhusudhananNair@thomsonreuters.com;))