Latest news with #DefencePSUs
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Business Standard
14 hours 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.
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Business Standard
30-07-2025
- Business
- Business Standard
Axiscades Technologies hit 5% upper circuit on ₹600-crore order win
Axiscades Technologies shares hit a 5 per cent upper circuit in trade on Wednesday (July 30, 2025), at ₹1,296.85 per share on BSE. Around 11:54 AM, Axiscades Technologies share price was up 5 per cent at ₹1,296.85 per share. In comparison, Sensex was up 0.19 per cent at 81,496.52. The market capitalisation of the company stood at ₹5,511.31 crore. Why were Axiscades Technologies shares buzzing in trade? The buying on the counter came after the company, through its defence subsidiaries, bagged defence electronics orders across airborne, naval, and radar programs from premier Defence laboratories in India. The orders involve the development and supply of advanced sub-systems for some of the most sophisticated indigenous platforms being developed by leading Defence agencies like DRDOs and Defence PSUs. With this order book, it deepens its involvement in India's key defence initiatives, including fighter aircraft upgrades, naval modernisation, and long-range surveillance radar systems. These programs of a cumulative order value of around ₹600 crore, add to the existing order book, to be executed over the next 3 to 5 years. Highlights of the new wins include: VIRUPAKSHA (AESA) Radar Program (Su-30 MKI upgrade): Design and supply of critical radar components, including the Exciter Unit, Receiver Unit, and Antenna Beam Control Motherboard - essential for generating, receiving, and processing radar signals. This Radar will replace the existing Russian-made Radar on the Su-30. TR Modules for S-Band Surveillance Radars: Cutting-edge Transmit-Receive (TR) modules that enhance target detection, tracking, and signal integrity for long-range surveillance operations. LRBMR - KUSHA: Contribution to the development of the indigenous -Digital Beam Forming (DBF) units for Long-range Battle Management Radar (LRBMR), an S-band radar with a detection range exceeding 500 km, enabling multi-target engagement and battlefield awareness. Electric Heavy Weight Torpedo (EHWT): Development and delivery of the Homing Receiver, the core of the autonomous target acquisition for the next-generation submarinelaunched ASW weapon system. Sonar Systems for Submarines (Production Win): Production-scale delivery of various sonar sub-systems, reinforcing AXISCADES's growing role in undersea warfare electronics.
