Azad India Mobility Ltd

Key Decisions

• Board approved the Board Report for the year ended 31 March 2026.
• Fixed 65th AGM on 28 September 2026 at 12:30 PM; venue Kanara Saraswat Association, Mumbai.
• Share Transfer Book and Members' Registers closed 22–28 September 2026 (inclusive).
• Cut-off date for remote e-voting and AGM voting fixed as 21 September 2026.
• Re-appointed M/s Pratik Satyuga & Company, Chartered Accountant, as Internal Auditor for 2026-27, effective 25 August 2026.

Financial highlights

• Q1 FY2027 total income ₹16.77 crore, up 117.8% YoY.
• Q1 FY2027 net profit ₹0.78 crore, up 1,014% YoY.
• Q1 FY2027 net profit margin 4.65%.
• FY2026 total income ₹64.94 crore, audited.
• FY2026 net profit ₹2.39 crore; margin 3.68%.
• Order book visibility of 24 months.

Outlook and strategic developments

• Outlook: total income to exceed ₹150 crore in FY2027, with H2 delivery.
• Export pipeline under development; potential supply of >2,000 electric buses to Indonesia.
• Operating cash flow improved, supporting working capital.
• State transport engagement discussions in advanced stage.

Meeting Details

• Date, time or venue not disclosed in this filing chunk.

Dematerialisation processing and listing

• Dematerialisation requests up to 30 June 2026 were confirmed to depositories; the securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository names registered within 15 days.

Azad India Mobility Limited — Closure of Trading Window from July 01, 2026 till 48 hours after the declaration of the Un-audited Financial Results for the quarter ended June 30, 2026

Financial results

• Approved standalone and consolidated audited results for quarter and year ended 31 March 2026.
• Statutory auditors issued unmodified opinions on both standalone and consolidated results.
• Consolidated results include wholly owned subsidiary NAE Mobility Private Limited.

Key financials

• Standalone year ended profit after tax was ₹239.30 lakh.
• Consolidated year ended profit after tax was ₹237.04 lakh.
• Standalone cash and cash equivalents closed at ₹1,631.35 lakh.
• Consolidated cash and cash equivalents closed at ₹1,634.91 lakh.

Management changes

• Appointed Sabina Khurana as Chief Executive Officer, effective 29 May 2026.
• Ramesh Chandra Pareek resigned as Non-Executive Independent Director, effective close of business on 29 May 2026.

Auditor remarks

• Auditors reported no pending litigations impacting consolidated financial position.
• Auditors noted no material foreseeable losses on long-term or derivative contracts.
• No dividend was declared or paid during the year.

Financial Performance 📊

• Standalone Q3 FY26 revenue rose to Rs 2,867.72 lakhs from Rs 1,980.66 lakhs in Q2 FY26.
• Nine months standalone revenue was Rs 5,617.83 lakhs versus Rs 903.18 lakhs year-ago.
• Standalone Q3 FY26 PAT increased to Rs 65.48 lakhs from Rs 22.89 lakhs in Q2 FY26.
• Nine months standalone PAT was Rs 95.78 lakhs versus a loss of Rs 27.75 lakhs year-ago.
• Standalone EBITDA before other income and finance costs was Rs 65.48 lakhs in Q3 FY26 versus Rs 22.89 lakhs in Q2 FY26.
• Cost of materials consumed declined to Rs 1,742.23 lakhs in Q3 FY26 from Rs 2,680.98 lakhs in Q2 FY26.

Consolidated Results 📊

• Consolidated Q3 FY26 revenue was Rs 2,867.72 lakhs, total income Rs 2,914.14 lakhs.
• Consolidated Q3 FY26 PAT was Rs 65.81 lakhs versus Rs 23.04 lakhs in Q2 FY26.
• Nine months consolidated PAT was Rs 95.62 lakhs versus loss of Rs 27.75 lakhs year-ago.
• Consolidated EBITDA before other income and finance costs was Rs 65.81 lakhs in Q3 FY26 versus Rs 23.04 lakhs in Q2 FY26.
• Subsidiary NAE Mobility contributed Rs 0.30 lakhs revenue and PAT in Q3 FY26.

Expenses & Other Items 📊

• Employee benefits expense rose to Rs 42.30 lakhs in Q3 FY26 from Rs 33.84 lakhs in Q2 FY26.
• Depreciation and amortisation expense was Rs 3.78 lakhs in Q3 FY26 versus Rs 3.21 lakhs in Q2 FY26.
• Finance costs were Rs 3.47 lakhs for nine months ended Dec 2025.
• Extraordinary items impacted standalone results by Rs (20.46) lakhs in Q3 FY26.
• Earnings per share (basic and diluted) was Rs 0.12 in Q3 FY26, up from Rs 0.04 in Q2 FY26.

Corporate & Governance 🗓️

• Board approved Q3 FY26 unaudited standalone and consolidated results on February 6, 2026.
• Auditor’s limited review report expressed no material misstatements or qualifications.

Business Model 🏭

• Company operates in a single segment: manufacturing electric luxury buses.