BPO/KPO company AXISCADES Technologies announced Q3FY25 results Revenue Rs 274 crores; up 18.4% YoY and 3.7% QoQ. EBITDA at Rs 40 crores; up 36.9% YoY and 21.7% QoQ. EBITDA Margins at 14.6%; expanded 200bps YoY; and 220 bps QoQ. EBIT Margins at 10.7% ; expanded 170bps YoY; and 210 bps QoQ. The Finance cost stands reduced at Rs 7.3 crores from 12.1 crore in Q3FY24, a 40% decline on YoY basis and 15% decline on QoQ. PAT at Rs 14.8 crores; up 95.9% YoY, and 20.7% QoQ. Net Debt at Rs 35.5 crores as on 31st December 2024. The Earnings Per share (EPS) has almost doubled; up by 96.1% YoY from Rs 1.75 in Q3FY24 to Rs 3.44 in Q3FY25. Sampath Ravinarayanan, Chairman,, said: I am happy to share the company’s resilient performance in Q3’25, with EBITDA of Rs 40.02 crore, marking a 22% increase sequentially and a 37% rise year on year. Our profit after tax (PAT) stands at Rs 14.76 crore, maintaining the growth trajectory we aimed for. The fact that 99% of EBIDTA came from our core activities, Aerospace, Defence, and Electronic, Semiconductor & AI (ESAI), shows that we need to continue to focus on these areas, while recalibrating the rest. This performance is just a teaser for our capabilities to quickly adapt and reinvent to position ourselves as: ‘Product Driven, Non-linear, Technology Company in Aerospace, Defence and ESAI’. Our primary mission is to create the best value for all our stakeholders. This can be achieved only through phenomenal and sustainable growth. To achieve this, we are putting in place a formidable, world class leadership team and matching infrastructure. Our first objective is to re-calibrate our non-core activities and invest in core domains, including facilities. Our Second objective is to build enduring partnership with Global A&D; companies. This will enable us to become a force multiplier in Aerospace and Defence Industry. Our third objective is to achieve an accelerated growth in ESAI through inorganic strategy. We will elaborate on these strategies in the coming months. We will work both diligently and strategically to provide the best growth and value for all our stakeholders. Alfonso Martinez; CEO & MD said: “I am excited to contribute to AXISCADES’ remarkable growth trajectory. Leveraging my industry knowledge and robust connections within our core domains, I am dedicated to facilitating substantial transformation as we transition from a service-oriented, linear growth approach to a product-focused, non-linear growth strategy. This strategic realignment will promote sustainable growth and profitability, while enhancing value for our stakeholders” Result PDF
Conference Call with AXISCADES Technologies Management and Analysts on strategic restructuring of its defence-focused subsidiaries. Listen to the full transcript.
BPO/KPO company AXISCADES Technologies announced Q2FY25 results Revenue Rs 264 crore; up 18.4% QoQ. Total order book at USD 89 Mn up 17% QoQ. EBITDA at Rs 33 crore; up 74% QoQ on adjusted EBITDA. EBITDA Margins at 12.4%; expanded 400bps QoQ on adjusted EBITDA. PAT at Rs 12 crore; up 20% QoQ on adjusted PAT. Q2 Defence order intake Rs 121 crore. Net Debt at Rs 55 crore. Cash, bank and liquid investments at Rs 125 crore. Arun Krishnamurthi, CEO & MD of AXISCADES, said: “For Q2FY25, the company achieved resilient performance, with sales revenue of Rs 264 crore, recording 18% sequential growth. This was complemented by an EBITDA of Rs 33 crore and a PAT of Rs 12 crore, reflecting strong operational efficiency, despite macroeconomic challenges in certain verticals. This performance underscores our ability to navigate a dynamic market environment, while delivering value to our stakeholders. The revenue growth was driven both by Digital Engineering Services and Defence. In engineering services, Aerospace segment demonstrated a robust 19% YoY growth. Defence revenues grew by a healthy 73% QoQ, with Defence production revenues surging by 84% QoQ, bolstered by a significant order backlog set for execution in fiscal years 2025 & 2026. With a healthy pipeline and focused approach, over the next 12-18 months, we aim the defence revenue to reach around 60% of the overall company’s revenue. However, automotive vertical continues to face macro challenges, which adversely impacted revenue and margins in the second quarter. With second largest outsourced ER&D; spend in automotive, we are bullish on this vertical returning to growth in early FY26. We remain committed and confident of addressing these challenges and will continue to focus on strengthening the business to achieve sustainable growth & profitability”. Result PDF
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