Azad India Mobility's profit hits ₹239.30 lakhs as electric bus business ramps up.
Full-year net profit surged from ₹7.21 lakhs to ₹239.30 lakhs, confirming the electric bus manufacturing strategy is delivering. The board also appointed a new CEO.
— 2 earlier stories on Azad India Mobility Ltd. →What's new
- Full-year net profit jumped to ₹239.30 lakhs from ₹7.21 lakhs.
- Q4 standalone net profit was ₹143.53 lakhs, up from ₹14.50 lakhs.
- Board appointed Sabina Khurana as CEO and accepted independent director Ramesh Chandra Pareek's resignation.
Why this matters
The profit surge from a near-zero base confirms the electric bus business is moving from plan to execution. Bringing in a CEO with 30 years of international experience now signals the company is preparing to scale operations.
What we're watching
- Whether revenue grows alongside the profit jump.
- The new CEO's first strategic moves.
- Quarterly profit sustainability beyond Q4.
The full read
Azad India Mobility's electric bus business is starting to pay off. Full-year net profit for FY2026 surged to ₹239.30 lakhs from just ₹7.21 lakhs the year before. The final quarter alone contributed ₹143.53 lakhs, up from ₹14.50 lakhs. The profit ramp confirms the manufacturing strategy is moving from plan to execution. To lead the next phase, the board brought in Sabina Khurana, a CEO with 30 years of international corporate experience, while accepting the resignation of independent director Ramesh Chandra Pareek.
Questions answered
- How much did Azad India Mobility's profit grow in FY2026?
- Net profit for the full year reached ₹239.30 lakhs, up from ₹7.21 lakhs in the prior year. The ramp-up in its electric luxury bus business drove the increase.
- What drove the Q4 profit number?
- Standalone net profit for the quarter ended March 31, 2026 was ₹143.53 lakhs, compared to ₹14.50 lakhs a year earlier.
- Who is the new CEO?
- The board appointed Sabina Khurana, described as an international corporate leader with 30 years of experience.
- Why did an independent director resign?
- The filing states the board accepted the resignation of Ramesh Chandra Pareek. It provides no reason for the departure.
Story so far
All notes on AZADIND →- 29 May 2026 · 6:26 PM IST Azad India Mobility's profit hits ₹239.30 lakhs as electric bus business ramps up.
- 1d ago Azad India posts ₹2.37 cr profit as electric bus revenue scales to ₹66 cr
- 1d ago Azad India swings to ₹2.37 cr profit as EV bus revenue jumps to ₹66 cr