Aerospace & Defence company AXISCADES Technologies announced Q3FY26 results Financial Highlights: EBITDA for the quarter was at Rs 63 crore, a 55.3% increase from Rs 40 crore in Q3FY25, marking the Company's highest operating margin to date. 9M EBITDA of Rs 144 crore grew by 37.1% over PY and surpassed the full year FY25 EBITDA in 9 months. EBITDA margin for Q3FY26 at 18.3% reflects a YoY increase of 360 basis points. For nine months, EBITDA margin at 16.2% improved by 240 basis points YoY. PAT for Q3FY26 at Rs 28 crore grew by 87.2% YoY. 9MFY26 PAT at Rs 72 crore is 63.6% higher than 9MFY25. Excluding the one-time charge of Rs 7.82 crore due to labour code, 9MFY26 PAT at Rs 79 crore has surpassed the full year PAT of FY25 of Rs 75 crore. Diluted EPS for 9MFY26 (not annualized) at Rs 16.73 grew by 65.2% from Rs 10.13 in the same period of PY. The Company’s Net Worth as on 31st December, stands at Rs 730 crore and Net Debt stands at Rs 67 crore. Business Highlights: For the quarter, total revenue rose by 25% compared to the previous year, propelled by a 36.0% growth in core domains, despite a 9.5% decrease in other domains. Defence revenue grew by 50%, aerospace revenue grew by 28%, and ESAI revenues expanded by 18%, compared to same period of previous year. Core revenues for the first nine months of 2026 grew 26% YoY. Heavy engineering, automotive, and energy, experienced an 8.5% decline YoY. This drop is attributed to seasonal furloughs in automotive accounts and reduced billing days in the heavy engineering sector. The order in-take in core businesses grew substantially, along with an expanded customer base. We anticipate sustained growth in the coming quarters, fueled by increased procurement from Indian defence agencies and international OEMs. The Company commissioned its Aeroland facility and has commenced construction in DAC land to facilitate a transition towards product-led, non-linear growth. Sampath Ravinarayanan, Founder Chairman & Managing Director, said: “As we conclude the third quarter of FY26, I am pleased to share that AXISCADES is firmly on track to achieve our growth objectivesfor the current financial year, with similar momentum anticipated for FY27. We expect to deliver a robust increase of 40-50% year-on-year in Earnings Per Share (EPS) for both FY26 and FY27, reflecting the strength of our strategic execution and operational discipline. Guided by our Power930 vision to reach INR 9,000 crore by 2030, we are diligently transitioning from a service-led portfolio business to the one anchored in products, solutions, and manufacturing. This shift aligns with the tremendous growth trajectory in these segments of the aerospace, defence, and ESAI sectors in India. Our goal is to achieve over 80% of our revenues from manufacturing- driven products and solutions by FY28, a target we approach with confidence. This transformation will not only reinforce our growth trajectory but also enhance operating margins and long-term value creation. Our 165,000 sq.ft Devanahalli Aero Land (DAL) facility is now fully operational, having already secured partnerships with two global leaders who will utilize exclusive laboratory and production spaces at DAL. Additionally, we have established Centers of Excellence (CoE) for MBDA and Indra within DAL, enabling them to source test equipment and antennas for their worldwide requirements. The Devanahalli Atmanirbar Complex (DAC) is progressing well, with radar hangars expected to be ready by Q3FY27. We have also acquired 8 acres in Hyderabad’s prestigious Aerospace Park and are setting up one of India’s largest missile component manufacturing and integration facilities, in collaboration with a leading global missile manufacturer as our technology partner. We are pleased to further strengthen our leadership team with the appointment of Mukund Santhanam, who joined us on 3rd Feb as our Chief Growth Officer and Head of Investor Relations. An alumnus of IIT Madras and IIM Ahmedabad, Mukund brings over three decades of global experience in financial markets, including a decade in the aviation sector. He will lead the identification and development of organic and inorganic growth opportunities across our businesses, while also steering our initiative to integrate advanced capabilities—Artificial Intelligence and Cybersecurity—into AXISCADES’ products and services. In addition, Mukund will oversee our engagement with the investor community, helping shape and enhance our outreach. I look forward to writing to you again after the close of Q4 and am confident that we will deliver results exceeding our targets for FY26. Thank you for your continued trust and support as we advance towards our ambitious goals.” Result PDF