Group 1 - Azad Engineering signed a new long-term contract with Mitsubishi Heavy Industries Ltd valued at $73.47 million (Rs 651 crore) to supply complex rotating and stationary airfoils for advanced gas and thermal power turbine engines [5][2] - The total value of business between Azad and MHI has now reached $156.36 million (Rs 1,387 crore) following this new agreement [5] - The contract will be executed over a five-year period, and Azad clarified that it does not hold any stake in MHI, indicating that this is not a related-party deal [5][1] Group 2 - Azad Engineering reported a 73.7% year-on-year increase in first-quarter net profit, reaching Rs 29.7 crore, driven by strong revenue growth and improved margins [2][5] - Revenue for the quarter rose nearly 40% to Rs 137 crore, while EBITDA increased by 50% to Rs 49.2 crore [5] - The operating margin expanded to 35.9% from 33.2% a year earlier, attributed to a favorable product mix and a decrease in consumption expenses as a percentage of sales, which fell to 12.1% from 15.6% [5][2]