Azad India swings to ₹2.37 cr profit as EV bus revenue jumps to ₹66 cr
Full-year profit reverses a near-breakeven year. Revenue scaled six-fold on the back of electric luxury bus manufacturing.
— 2 earlier stories on Azad India Mobility Ltd. →What's new
- Azad India Mobility posted a ₹2.37 cr net profit for FY26, up from ₹2.83 lakhs in FY25.
- Total income surged to ₹66.17 cr from ₹10.06 cr as EV bus manufacturing scaled up.
- The board appointed Sabina Khurana, a 30-year international leader, as CEO.
Why this matters
The swing from near-breakeven to ₹2.37 cr profit is the story of the EV bus manufacturing pivot moving from concept to cash flow. The revenue jump from ₹10 cr to ₹66 cr suggests the capacity build-out is now generating sales. The CEO hire, with 30 years of international experience, signals an intent to professionalise operations at a critical scaling point.
What we're watching
- Margin sustainability as the business scales from ₹66 cr revenue base.
- Quarterly progression in FY27 to confirm the growth trajectory.
- How the new CEO's operational framework translates into market share.
The full read
Azad India Mobility posted a ₹2.37 crore net profit for FY26, a stark reversal from ₹2.83 lakhs the prior year. The engine of the turnaround is clear: total income scaled to ₹66.17 crore from ₹10.06 crore, a six-fold jump driven by the company's electric luxury bus manufacturing. This is a micro-cap making a big pivot. The revenue trajectory suggests the manufacturing capacity is now delivering sales, not just plans. To manage the next stage, the board has brought in Sabina Khurana as CEO. Her 30 years of international experience is intended to add operational rigour as the business scales from a ₹10 cr base to a ₹66 cr one. The results are a proof point. The CEO hire is the bet that it can continue.
Questions answered
- How did Azad India Mobility's profitability change year-on-year?
- The company swung from a near-breakeven net profit of ₹2.83 lakhs in FY25 to a consolidated net profit of ₹2.37 crore in FY26.
- What drove the revenue growth?
- Total income jumped six-fold to ₹66.17 crore from ₹10.06 crore, driven by the scale-up of the company's electric luxury bus manufacturing operations.
- Who is the new CEO, and what is her background?
- The board appointed Sabina Khurana as CEO. She brings 30 years of international leadership experience to the role, tasked with driving strategic execution and operational frameworks.
- Is the revenue figure for the full year or a quarter?
- The ₹66.17 crore total income and ₹2.37 crore net profit are consolidated figures for the full fiscal year ended March 31, 2026.
- How material is the CEO appointment for a company of this size?
- The appointment is qualitatively material for a micro-cap entity like Azad India Mobility, as it brings experienced international leadership to manage the next phase of operational growth.
Story so far
All notes on AZADIND →- 29 May 2026 · 6:13 PM IST Azad India swings to ₹2.37 cr profit as EV bus revenue jumps to ₹66 cr
- 1d ago 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.