Azad India posts ₹2.37 cr profit as electric bus revenue scales to ₹66 cr
The company's total income jumped from ₹10.06 crore to ₹66.17 crore in a single year, turning a near-zero profit into a meaningful one.
— 2 earlier stories on Azad India Mobility Ltd. →What's new
- Net profit for FY26 jumped to ₹2.37 crore from ₹2.83 lakhs in the prior fiscal year.
- Total income scaled to ₹66.17 crore from ₹10.06 crore, driven by electric luxury bus manufacturing.
- Board appoints Sabina Khurana, a 30-year corporate veteran, as CEO to lead expansion.
Why this matters
The swing from near-zero earnings to a real profit in one year is driven almost entirely by the new electric bus business. The CEO hire signals the company is preparing for a more professional growth phase.
What we're watching
- Whether the electric bus revenue growth and profitability hold in the next fiscal year.
- How new CEO Sabina Khurana structures the company's expansion.
- The firm's cash flow as it scales capital-intensive manufacturing.
The full read
Azad India Mobility made ₹2.83 lakhs last year. This year, it earned ₹2.37 crore. The driver is the new electric luxury bus business, which pushed total income from ₹10.06 crore to ₹66.17 crore. To manage the next stage, the board has brought in Sabina Khurana as CEO. She has three decades of international experience, a material hire for a micro-cap still proving its model. The results are a stark improvement. One year of manufacturing revenue is not a track record, but the swing from near-zero to a meaningful profit is a decisive change in the company's trajectory.
Questions answered
- What caused the profit surge at Azad India Mobility?
- The company scaled its electric luxury bus manufacturing, which drove total income from ₹10.06 crore to ₹66.17 crore. This operational ramp-up converted a profit of just ₹2.83 lakhs into ₹2.37 crore.
- Why is the new CEO appointment significant?
- Sabina Khurana has 30 years of international corporate experience. Her appointment as CEO is a material hire for a micro-cap firm entering a high-growth manufacturing phase.
- Is this a one-off or the start of a trend?
- The results represent a single year of electric bus operations. The sustainability of this new profit level depends on continued revenue growth and execution in the manufacturing segment.
Story so far
All notes on AZADIND →- 29 May 2026 · 6:41 PM IST Azad India posts ₹2.37 cr profit as electric bus revenue scales to ₹66 cr
- 1d ago Azad India Mobility's profit hits ₹239.30 lakhs as electric bus business ramps up.
- 1d ago Azad India swings to ₹2.37 cr profit as EV bus revenue jumps to ₹66 cr