Latest news with #Axiscades
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Business Standard
7 hours ago
- Business
- Business Standard
Axiscades Technologies shares hit fresh all-time high today; here's why
Axiscades Technologies share price: Axiscades Technologies shares were in focus on Tuesday, June 17, 2025, rallying up to 5 per cent (upper circuit) to hit a record high of ₹1,282.70. At 11:00 AM, Axiscades Technologies shares continued to remain locked in the 5 per cent upper circuit at ₹1,280.70 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 81,557.98 levels. Why did Axiscades Technologies shares jump today? Axiscades Technologies shares surged after the company signed a strategic agreement with Spain-based Indra to jointly produce aerospace and defence solutions. Indra is a leading Spanish multinational specialising in defence, air traffic, and space technologies. With a strong presence in over 140 countries and operations in 49, it is known for its innovation, systems integration, and role in major European defence programmes. In FY24, Indra reported revenue of €4.843 billion. Under the pact, Indra aims to procure defence products and services from Axiscades, leveraging its capabilities in design, development, production, and supply chain. The partnership will enable the manufacturing of several Indra systems in India, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for in-flight data, and countermeasure systems to protect aircraft from missile threats like MANPADS. Both companies are also exploring joint product development for Indian and global markets, potentially customising existing Indra offerings or creating new ones. Further collaboration is being considered in MPA Airborne Solutions and for DRDO CABS' MRMR and MMMA programmes. 'The collaboration between the two companies strengthens Indra's position in the global aerospace systems market and its network of alliances with companies worldwide,' Axiscades Technologies said. Catch Stock Market Updates Today LIVE About Axiscades Technologies Axiscades Technologies is among the leading technology and product engineering companies with over 25 years of expertise in aerospace, defence, and electronic systems & industrial automation (ESAI). The company provides end-to-end solutions—from conceptual design to manufacturing and certification—making it a trusted partner for OEMs and Tier 1 suppliers worldwide. The market capitalisation of Axiscades Technologies is ₹5,451.17 crore. The company falls under the BSE SmallCap index. The 52-week high of Axiscades Technologies is ₹1,282.70 per share, while its 52-week low is ₹421.05.
Business Standard
7 hours ago
- Business
- Business Standard
AXISCADES Tech rallies on strategic alliance with Europe's Indra
AXISCADES Technologies surged 5% to Rs 1282.70 after the company announced a strategic alliance with Indra, a European defense and aerospace major, to jointly manufacture and develop cutting-edge systems in India. Indra is one of Spain's leading multinational companies and a global force in defense, aerospace, and air traffic systems. In FY24, the company reported revenues of 4.843 billion euros and operates in more than 140 countries. The announcement was made at the Paris Air Show in Le Bourget, where Indra CEO JosVicente de los Mozos and AXISCADES chairman Dr. Sampath Ravinarayanan signed a Memorandum of Understanding (MoU). The signing took place in the presence of Indra c chairman gel Escribano and AXISCADES CEO & MD Alfonso Martez. Under this partnership, Indra will source a range of defense-related products and services from Axiscades. These will be delivered through Axiscades integrated design, development, production, and supply chain infrastructure based in India. The alliance is aimed at producing key Indra systems locally, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for aircraft, and advanced countermeasure systems to protect aircraft from guided missile threats such as MANPADS. Both companies are also exploring joint product development tailored for Indian and global markets. This could involve adapting existing Indra products or designing entirely new solutions to meet emerging defense needs. In addition to hardware production, the partnership is evaluating deeper collaboration opportunities in MPA (Maritime Patrol Aircraft) airborne solutions and potential participation in India's DRDO CABS programs like MRMR (Medium Range Maritime Reconnaissance) and MMMA (Multi Mission Maritime Aircraft). The collaboration strengthens Indras presence in India, where it already plays a significant role in civil air traffic modernization and defense technology projects. For Axiscades, the deal cements its position as a key partner for global OEMs and Tier-1 defense suppliers. AXISCADES is a Bengaluru-based technology company with over 25 years of experience in aerospace, defense, and industrial automation. It offers end-to-end engineering solutions, from design to manufacturing and certification.
Mint
10 hours ago
- Business
- Mint
Multibagger small-cap stock Axiscades hits 5% upper circuit on THIS update: Check details
Stock Market Today: Multibagger small-cap stock Axiscades was locked in a 5% upper circuit in the morning trades on Tuesday. AXISCADES Technologies Limited announced having signed an agreement to boost production of cutting-edge systems in India. Axiscades Technologies on Tuesday, 17 June 2025, announced on the exchanges having signed an agreement with a Europe-based global leader in defense, aerospace, and strategic systems. The agreement is to boost production of cutting-edge systems in India.
Time of India
27-05-2025
- Business
- Time of India
Engineering and tech firm Axiscades Q4 net profit grows over three-fold to Rs 32 crore
Engineering solutions provider Axiscades has reported over three-fold jump in consolidated net profit to Rs 32 crore in the March quarter, aided by higher revenues. It had recorded a net profit of Rs 9 crore during the January-March period of 2023-24, the company said. Axiscades revenue increased 5% to Rs 268 crore in the latest fourth quarter from Rs 256 crore a year ago. The company's EBITDA (earnings before interest, tax, depreciation and amortisation) also rose 15% to Rs 37 crore in the quarter under review from Rs 32 crore in Q4 FY24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo For the entire fiscal, its revenue surged 8% to Rs 1,031 crore from Rs 955 crore a year ago, the company said in a filing on Monday. Its CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". Live Events The company also plans to invest significantly in developing new proof of concept and products with a focus on creating commercially viable assets for future revenue. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The board also approved merger of its step-down subsidiary 'add solution GmbH' with AXISCADES GmbH, the wholly-owned subsidiary of the company. On the rationale behind the move, it said the business of both entities add solution GmbH and AXISCADES GmbH are complimentary. Hence consolidation of the entities will result in synergy of business operations, optimise operational cost and reduce the compliance risk. Bengaluru-based Axiscades Technologies (Axiscades) is a leading end-to-end engineering and technology solutions provider , catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others.
Mint
27-05-2025
- Business
- Mint
Axiscades Q4 Results: Net profit grows over 3-fold to ₹32 crore, revenue up 5% YoY; Merger approved
Engineering solutions provider Axiscades has reported over three-fold jump in consolidated net profit to ₹ 32 crore in the March quarter, aided by higher revenues. It had recorded a net profit of ₹ 9 crore during the January-March period of 2023-24, the company said. Axiscades revenue increased 5 per cent to ₹ 268 crore in the latest fourth quarter from ₹ 256 crore a year ago. The company's EBITDA (earnings before interest, tax, depreciation and amortisation) also rose 15 per cent to ₹ 37 crore in the quarter under review from ₹ 32 crore in Q4 FY24. For the entire fiscal, its revenue surged 8 per cent to ₹ 1,031 crore from ₹ 955 crore a year ago, the company said in a filing on Monday. Its CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, scalable growth". The company also plans to invest significantly in developing new proof of concept and products with a focus on creating commercially viable assets for future revenue. The board also approved merger of its step-down subsidiary 'add solution GmbH' with AXISCADES GmbH, the wholly-owned subsidiary of the company. On the rationale behind the move, it said the business of both entities add solution GmbH and AXISCADES GmbH are complimentary. Hence consolidation of the entities will result in synergy of business operations, optimise operational cost and reduce the compliance risk. Bengaluru-based Axiscades Technologies (Axiscades) is a leading end-to-end engineering and technology solutions provider, catering to sectors like aerospace, defence, heavy engineering, automotive and energy, among others.
