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Hyderabad-based Azad Engineering on Tuesday reported more than three-fold increase in Profit After Tax (PAT) at Rs 16.8 crore for the three months ended December 2023. The company had posted a PAT of Rs 3.83 crore in the year-ago period, according to a statement.
Despite completing only up to the 10th standard at Trinity Public School, Hyderabad, Chopdars journey with Azad Engineering began in 2008.
The stocks of Hyderabad-based company Azad Engineering surged by over 42 percent in just three days following the pact with Rolls Royce.
Stocks that were in focus included names like Bajaj Finance, which fell 5.10%, Tata Investment, which jumped 20%, and KFin Technologies, whose shares increased 7.64% on Tuesday.
Rolls-Royce , a prominent defense company, has announced a long-term agreement with Azad Engineering for the...