BPO/KPO company AXISCADES Technologies announced Q1FY25 results: Financial Highlights: Revenue from Operations of Rs 223 crore for the quarter; grew by 4.5% YoY Revenue in USD terms for the quarter stood at USD 26.9 million; growing 2.5% YoY Total order book for the company stood at USD 83.2 million EBITDA for the quarter at Rs 31 crore; as compared to Q1’24 at Rs 33 crore EBITDA Margins higher at 13.9%; as against 12.6% in Q4 FY24 PAT stood at Rs 17 crore with PAT margin of 7.2% for the quarter, as against Rs 6 crore / 2.6% in Q1 FY24 Business Highlights: Mistral Solutions received order of Rs 90 crore from BEL for supplying Radar Processing Systems Ramp up in aerospace with European OEM focused on production and plant migration efforts Ramp up in high end cybersecurity solutioning with UK automotive manufacturer. All our digital investments from FY24 are starting to realise into higher revenue & profitability this year Onboarded an EPC major from Middle East as our customer with long term contract Completed second tranche of delivery of Man Portable Counter Drone System (MPCDS) to the Indian Army Commenting on the results and outlook, Arun Krishnamurthi, CEO & MD of AXISCADES said, “We are pleased to report a strong start to FY25, highlighted by noteworthy business performance in Q1FY25, in the face of macro challenges in certain verticals and lumpiness in Defence. The Company’s YOY revenue grew by 4.5% to Rs 223 crore with EBITDA of Rs 31 crore and PAT of Rs 17 crore. The revenue growth was driven by a 15% YoY increase in Engineering Services, led by Aerospace, Automotive, and Energy Verticals. Defence production revenues grew 73% YOY, with a strong order book for execution in FY25. Overall, the company performed well in Q1, across most verticals, with the exception of Heavy Engineering and PES, where macroeconomic challenges persist. We are focused on overcoming the challenges in certain verticals and are confident of delivering to our company’s plan for the full year FY25 and will continue to strengthen the business for sustainable growth and profitability.” Result PDF