Shares of Azad Engineering Ltd rallied 5% on Wednesday, 19 November, after the company announced entering into a master term agreement and purchase agreement with Pratt & Whitney Canada.

In an exchange filing, Azad Engineering said, “We wish to inform you that Azad Engineering Limited has signed a Master Term Agreement & Purchase Agreement with Pratt & Whitney Canada Corp., Cattada, for development and manufacturing of aircraft engine components.”

According to the conditions of the contract, Azad Engineering will manufacture and develop airplane engine components. 

According to the firm, this deal sets a framework for long-term collaboration with the goal of boosting Azad’s aerospace manufacturing capabilities in line with national strategic priorities.  

The corporation did not disclose the deal’s consideration figure, which it claimed was confidential.

Azad Engineering achieved its best-ever half-year and quarterly results, with significant growth in all key financial measures.  

In H1FY26, standalone sales increased 32.1% year-on-year (YoY) to Rs 277.18 crore, while Ebitda expanded 37.1% to Rs 99.9 crore, resulting in a high 36% margin. Profit before tax (PBT) increased by 64.3% to Rs 89.24 crore, while profit after tax increased by 64.9% to Rs 62.99 crore, driven by a margin of 22.7%.
 
At 1:28 pm, the shares of Azad Engineering were trading 1.83% higher at Rs 1,670.60 on NSE.

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