Latest news with #Axiscades
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Business Standard
5 days ago
- Business
- Business Standard
Axiscades Q1 results: Profit rises 24% to ₹21 cr on strong revenue growth
Engineering solutions provider Axiscades on Friday reported a 24 per cent year-on-year rise in consolidated net profit to ₹21 crore in the June quarter of FY26, backed by a rise in revenues from core business segments. Axiscades had logged a net profit of ₹17 crore in the April-June period of the preceding 2024-25, the company said in a statement. In the first quarter, the company reported a growth of over 9 per cent in its income to ₹254.30 crore, from ₹233.77 crore a year ago. Expenses were at ₹226.32 crore, compared to ₹209.55 crore in the corresponding period of FY25. Bengaluru-based Axiscades is an end-to-end engineering and technology solutions provider, catering to sectors, including energy, heavy engineering, aerospace, defence, and automotive. Last month, Axiscades bagged ₹600 crore worth of defence orders, which involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading defence agencies like the DRDO and Defence PSUs. "Our order book and forecast visibility for FY26 and the following years position us for sustained and strong revenue growth of over 40 per cent, with a targeted EBITDA margin of 19.5 per cent. We are committed to topline growth of more than 25 per cent and 300 basis points improvement in EBITDA for the current year," its CEO and MD Alfonso Martinez said.
News18
5 days ago
- Business
- News18
Axiscades Q1 net profit grows 24 pc to Rs 21 cr
Agency: PTI Last Updated: New Delhi, Aug 8 (PTI) Engineering solutions provider Axiscades on Friday reported a 24 per cent year-on-year rise in consolidated net profit to Rs 21 crore in the June quarter of FY26, backed by a rise in revenues from core business segments. Axiscades had logged a net profit of Rs 17 crore in the April-June period of the preceding 2024-25, the company said in a statement. In the first quarter, the company reported a growth of over 9 per cent in its income to Rs 254.30 crore, from Rs 233.77 crore a year ago. Expenses were at Rs 226.32 crore, compared to Rs 209.55 crore in the corresponding period of FY25. Bengaluru-based Axiscades is an end-to-end engineering and technology solutions provider, catering to sectors, including energy, heavy engineering, aerospace, defence, and automotive. Last month, Axiscades bagged Rs 600 crore worth of defence orders, which involve development and supply of advanced sub-systems for 'some of the most sophisticated indigenous platforms" being developed by leading defence agencies like the DRDO and Defence PSUs. 'Our order book and forecast visibility for FY26 and the following years position us for sustained and strong revenue growth of over 40 per cent, with a targeted EBITDA margin of 19.5 per cent. We are committed to topline growth of more than 25 per cent and 300 basis points improvement in EBITDA for the current year," its CEO and MD Alfonso Martinez said. PTI ABI ABI SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 08, 2025, 14:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
31-07-2025
- Business
- Business Upturn
Axiscades surges over 8% in 2 days after Rs 600 crore defence order win
By Aditya Bhagchandani Published on July 31, 2025, 09:38 IST Shares of Axiscades Technologies Ltd jumped another 2.58% to ₹1,333 on Wednesday, adding to Tuesday's 5% upper circuit rally, as investor sentiment remained buoyant following a major defence order win worth ₹600 crore. The Bengaluru-based engineering solutions provider announced that it had secured fresh orders in the defence sector involving the development and supply of advanced sub-systems for several cutting-edge indigenous platforms. The projects are to be executed in collaboration with leading defence agencies such as DRDO and Defence PSUs, and will be fulfilled over the next 3 to 5 years through the company's defence-focused subsidiaries. Strong Defence Pipeline Fuels Investor Optimism The company said the ₹600 crore cumulative order value represents a significant leap in its defence capabilities and future revenue pipeline. 'Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics,' said C Manikandan, Chief Technical Officer at Axiscades. 'We are contributing to indigenous platforms that will define the future of India's Defence preparedness.' In June, Axiscades Aerospace and Technologies, a subsidiary of the company, signed an agreement with European missile systems giant MBDA to establish a dedicated defence facility in Karnataka. This facility will be equipped with labs, test benches, and infrastructure to support MBDA's advanced systems engineering. Stock Performance Stock Price (July 31, 9:30 AM): ₹1,333.00 2-Day Surge: Over 8% (Tuesday's 5% upper circuit + Wednesday's 2.58%) (Tuesday's 5% upper circuit + Wednesday's 2.58%) Market Cap: ₹56.90 billion ₹56.90 billion P/E Ratio: 77.76 77.76 52-week range: ₹420.90 – ₹1,506.50 With strong fundamentals, a robust order pipeline, and rising defence sector visibility, Axiscades is quickly becoming a key player in India's strategic technology ecosystem. Let me know if you'd like a social post, graphic, or email headline version too. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
30-07-2025
- Business
- Business Standard
Axiscades secures ₹600 crore defence orders for indigenous platforms
Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth ₹600 crore in defence space. The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around ₹600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had said. Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30-07-2025
- Business
- Economic Times
Axiscades secures orders worth Rs 600 cr in defence space
Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. ADVERTISEMENT The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. ADVERTISEMENT "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," the company had said. Bengaluru-based Axiscades is a leading end-to-end engineering and technology solutions provider, catering to sectors like energy, heavy engineering, aerospace, defence, automotive among others.
