Shares of Axiscades Technologies fell over 8% after reporting a significant quarterly loss despite rising revenue, reflecting its transitional focus towards manufacturing, aerospace, and defence sectors following major business divestments.
AXISCADES Technologies shares fell sharply on Monday after the engineering and defence company reported a weak first quarter even as revenue nearly doubled. The stock dropped as much as 8.6% to Rs.1,400 from the previous close of Rs.1,532.25, erasing some of the optimism around its business shift towards manufacturing and products. Trade Brains said the company’s market value stood at about Rs.6,170.76 crore during the session.
According to the company’s quarterly disclosure, revenue from operations rose 94.7% year on year to Rs.183 crore in Q1 FY27 from Rs.94 crore a year earlier. But the bottom line moved the other way, swinging to a net loss of Rs.15 crore from a profit of Rs.21 crore in the same period last year. Earnings per share also turned negative at Rs.3.49, compared with Rs.4.88 in the year-ago quarter. Moneycontrol’s financial data page for AXISCADES tracks the company’s revenue, profit and earnings trends across recent fiscal periods.
The results also reflect a major accounting change after AXISCADES announced the sale of its engineering services business and aerospace services business to the Akkodis Group in May and June. The company said the deal, valued at least at Rs.1,685 crore and potentially about Rs.2,256 crore, is still subject to closing conditions. Under Indian accounting rules, the firm has restated prior periods to separate continuing and discontinued operations.
Management has positioned the latest quarter as the start of a broader transition. Founder, Chairman and Managing Director Sampath Ravinarayanan said the company is moving towards a more focused business centred on manufacturing, products and solutions, with a target of non-linear growth. He said revenue per employee is expected to rise to Rs.1.2 crore in FY27 from Rs.42 lakh in FY26 as AXISCADES shifts away from a services-led model. Ravinarayanan also highlighted strong defence growth, expanding aerospace manufacturing and a new Space platform, with a satellite assembly and manufacturing facility being set up at the Devanahalli campus.
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