AXISCADES Q1 PAT Rises 25 per cent to Rs 210 Million

08 Aug 2025 CW Team

AXISCADES Technologies Ltd., a key player in aerospace, defence, electronics, semiconductors and AI, announced its unaudited financial results for the quarter ending 30 June 2025.

In Q1 FY26, consolidated revenue reached Rs 2.44 billion, marking a 9 per cent increase year-on-year. Revenue from core domains rose 17 per cent, driven by a 7 per cent increase in aerospace, a 22 per cent rise in defence, and a 34 per cent surge in electronics, semiconductors and AI (ESAI). However, non-core segments, including heavy engineering, automotive and energy, saw a 9 per cent decline due to sectoral slowdowns and order timing.

Defence order intake in Q1 was notably strong and is expected to accelerate further amid increased procurement by Indian defence and global OEMs. The company is advancing its strategy to drive product-led, non-linear growth, supported by facility and infrastructure expansion.

EBITDA for the quarter stood at Rs 340 million, up 9 per cent from Rs 310 million in Q1 FY25. Adjusting for one-time write-backs in the previous year, normalised EBITDA rose by 86 per cent. The EBITDA margin was 14 per cent, unchanged year-on-year, but significantly improved from 8.2 per cent on a normalised basis.

Profit After Tax (PAT) rose by 25 per cent to Rs 210 million, with a margin of 8.2 per cent, compared to Rs 170 million and a 7.2 per cent margin in the prior year.

Chairman Dr Sampath Ravinarayanan shared that the company is targeting over 40 per cent annual growth in core domains and aims to shift its revenue model to 20:80 services-to-products. Strategic actions include investing in world-class infrastructure, forming global partnerships, and exiting low-growth activities. The company’s ‘Power 930 Plan’ seeks to achieve Rs 90 billion (USD 1 billion) in revenue by FY30.

CEO and MD Alfonso Martinez stated that strong order visibility supports projected revenue growth of over 40 per cent and a targeted EBITDA margin of 19.5 per cent. The firm also aims for topline growth above 25 per cent and a 300 basis point margin improvement in FY26.

The leadership team reaffirmed its commitment to delivering sustainable growth and long-term value for shareholders and stakeholders alike.

AXISCADES Technologies Ltd., a key player in aerospace, defence, electronics, semiconductors and AI, announced its unaudited financial results for the quarter ending 30 June 2025.In Q1 FY26, consolidated revenue reached Rs 2.44 billion, marking a 9 per cent increase year-on-year. Revenue from core domains rose 17 per cent, driven by a 7 per cent increase in aerospace, a 22 per cent rise in defence, and a 34 per cent surge in electronics, semiconductors and AI (ESAI). However, non-core segments, including heavy engineering, automotive and energy, saw a 9 per cent decline due to sectoral slowdowns and order timing.Defence order intake in Q1 was notably strong and is expected to accelerate further amid increased procurement by Indian defence and global OEMs. The company is advancing its strategy to drive product-led, non-linear growth, supported by facility and infrastructure expansion.EBITDA for the quarter stood at Rs 340 million, up 9 per cent from Rs 310 million in Q1 FY25. Adjusting for one-time write-backs in the previous year, normalised EBITDA rose by 86 per cent. The EBITDA margin was 14 per cent, unchanged year-on-year, but significantly improved from 8.2 per cent on a normalised basis.Profit After Tax (PAT) rose by 25 per cent to Rs 210 million, with a margin of 8.2 per cent, compared to Rs 170 million and a 7.2 per cent margin in the prior year.Chairman Dr Sampath Ravinarayanan shared that the company is targeting over 40 per cent annual growth in core domains and aims to shift its revenue model to 20:80 services-to-products. Strategic actions include investing in world-class infrastructure, forming global partnerships, and exiting low-growth activities. The company’s ‘Power 930 Plan’ seeks to achieve Rs 90 billion (USD 1 billion) in revenue by FY30.CEO and MD Alfonso Martinez stated that strong order visibility supports projected revenue growth of over 40 per cent and a targeted EBITDA margin of 19.5 per cent. The firm also aims for topline growth above 25 per cent and a 300 basis point margin improvement in FY26.The leadership team reaffirmed its commitment to delivering sustainable growth and long-term value for shareholders and stakeholders alike.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..