Investor Presentation

November 5, 2026 Department The Listing The Listing Department Limited BSE National Stock Exchange of India Limited Affairs Department of Corporate Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers, Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai - 400 Mumbai - 400 051 -5/111067 Scrip ID Scrip Code - AZAD Dear Sir/Madam, Subject: Investor Presentation. Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the presentation on Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, wlich would be used in the Investors / Analysts earnings conference call scheduled on November 7,2026, at 12:00 Noon (IST). Kindly take the information on record Thanking you. Yours truly, For Azad Engineering Limited G. Praneeth Abhishek Company Secretary, Compliance Officer and Head Legal Membership No.: A35583 Encl.: As above Azad Engineering Limited Plot No.90/C. 90/D, Phase -1, Contact: 040-23097007 ctN No: 174210TG1983P1C004132 l.D.A., Jeedimetla, Hyderabad, Email: cs@azad.in cSTIN: 36AAECA9452H1ZJ AZA Telangana-500 055, lndia. Web: www.azad.in cs-2607-40 Azad Engineering Limited Investor Presentation November 2026 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Azad Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward- looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. Performance Update H1FY27 vs H1FY26 (Consolidated) 3,635.3 1,366.4 660.9 Rs. Mn Rs. Mn Rs. Mn 28.6% YoY 34.3% YoY 6.5% YoY 37.6% margin 18.2% margin Financial Revenue EBITDA PAT Performance Q2FY27 vs Q2FY26 (Consolidated) 1,909.4 722.7 309.3 Rs. Mn Rs. Mn Rs. Mn 31.1% YoY 37.5% YoY (5.2%) YoY 37.9% margin 16.2% margin Revenue EBITDA PAT H1FY27 vs H1FY26 (Standalone) 3,583.2 1,345.1 671.7 Rs. Mn Rs. Mn Rs. Mn 29.3% YoY 34.7% YoY 6.6% YoY 37.5% margin 18.7% margin Financial Revenue EBITDA PAT Performance Q2FY27 vs Q2FY26 (Standalone) 1,878.0 704.4 308.2 Rs. Mn Rs. Mn Rs. Mn 31.6% YoY 37.1% YoY (6.6%) YoY 37.5% margin 16.4% margin Revenue EBITDA PAT • Revenue grew 26.8% Y-o-Y this quarter, while EBITDA expanded at a Performance Highlights (standalone) faster 32.1%, reflecting the benefits of sustained operating efficiencies. “H1 FY27 was another quarter of steady progress for AZAD. Revenue was ₹3,583.2 Mn, EBITDA ₹1,345.1 Mn (37.5% margin) and PAT ₹671.7 Mn (18.7% margin). We continue to see • Other Income moderated during the strong demand across all our sectors, and our capital deployment plans have stayed on schedule. All six lean facilities are now commissioned, including two inaugurated last quarter, largely on account of month. Each is at a different stage of revenue ramp-up, in line with its customer’s delivery plans. foreign currency volatility witnessed Now, we have put in place the full foundation needed to convert capacity into revenue: in the prior quarter - declining from • Capital deployed: Treasury funds have been deployed into capex, and infrastructure and plants have been commissioned ₹xx in Q4FY26 to ₹yy in Q1FY27. • Teams in place: We have hired the skilled manpower needed to run the installed capacity • Production readiness: We have invested in and built up enough raw material, tooling and consumables to keep every facility production-ready • Customer qualifications: We are running multiple delta qualifications with various customers at the same time • This set-up mode is mandatory for our business, and with it complete, our capacity is now ready to deliver the throughput Our operational performance remains in line with the guidance. This quarter’s PAT reflects the expected lag between investment and revenue: lower treasury income, higher Rakesh Chopdar, manpower costs and higher finance costs, while revenue from the new capacity is yet to flow through fully. That phase is now largely behind us. Chairman & CEO As we have said on earlier calls, throughput from the new capacity begins in Q3 FY27. We expect revenue to ramp up from Q4 FY27 onwards and all plants to be fully ramped up by Q2 FY28. Our current installed capacity positions us to reach an annual revenue run-rate of over ₹1,300 crore by the end of FY28. With the cost base largely in place, rising revenue should translate directly into better profitability. We are at an inflection point, and we reiterate our long-term annual revenue growth guidance of over 25%.” (Rs. Mn) Half yearly performance Quarterly performance Margins Revenue EBITDA* PAT Revenue EBITDA* PAT 36.0% 37.5% 22.7% 18.7% 31.6% 36.0% 37.5% 23.1% 16.4% 29.3% 34.7% 37.1% 3,583.2 1,878.0 1,345.1 6.6% 704.4 -6.6% 2,771.8 1,426.7 999.0 671.7 513.8 330.0 629.9 308.2 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 * EBITDA margin is calculated as – Reported EBITDA/ Revenue from operations Revenue Mix - Growth momentum building across segments (standalone) (Rs. Mn) % Revenue contribution Energy & Oil & Gas Aerospace & Defence Revenue from Operations* Exports Domestic 81.6% 81.1% 17.0% 16.8% 93.9% 88.0% 6.1% 12.0% 29.3% 28.5% 21.1% 3,583.2 2,904.6 28.3% 3,152.9 2,771.8 2,603.6 2,260.9 603.7 155.9% 470.6 430.3 168.2 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Key highlights • Energy and Oil & Gas: Energy and Oil & Gas remain our largest segment at 81.1 % of revenue. It is supported by strong global demand for power generation and by our dedicated customer facilities, which are moving steadily through qualification towards full-volume supply. Our lean customer-specific facility for the Oil & Gas vertical & its ra [Showing first 8,000 characters — download PDF for full document]