Axiscades Technologies reported a quarterly revenue peak of Rs. 346.7 crore, driven by strong defence and XiDA segments, as the Bengaluru-based engineering firm advances its merger and asset sale plans to fund future growth.
AXISCADES Technologies said revenue rose to a quarterly record in the three months to 30 June as the Bengaluru-based engineering group pushed ahead with a major reshaping of its business. The company reported consolidated revenue from operations of Rs. 346.7 crore, up 42.2% from a year earlier, helped by stronger performance in defence and XiDA, its electronics and AI division.
The latest results also came against the backdrop of a planned exit from non-core activities. AXISCADES said in May and June that it would sell its Engineering Services and Aerospace Services businesses to the Akkodis Group for total consideration of about Rs. 2,256 crore. The company said the transactions remain subject to closing conditions, while shareholders approved both deals in late July. AXISCADES is presenting the assets as continuing and discontinued operations separately under accounting rules.
Defence remained the standout business in the quarter, with revenue more than doubling to Rs. 125 crore. The company said its visibility in the segment improved after winning or advancing eight programmes since 1 April, including contracts linked to missile systems, radar and helicopter work. XiDA also posted a sharp rise, with revenue up about 62% to Rs. 49.5 crore and EBITDA, or earnings before interest, tax, depreciation and amortisation, climbing to Rs. 14.7 crore.
The company is also building out a Space platform and expanding manufacturing capacity as it leans further into higher-value industrial work. AXISCADES said a satellite manufacturing, assembly, integration and testing facility is under construction at its Devanahalli site, while land acquisition for a missile complex in Hyderabad has been completed. Management said it expects to complete the exit from Add Solutions by the end of FY27 and wants to use disposal proceeds to fund growth without equity dilution.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
