BPO/KPO company AXISCADES Technologies announced Q2FY26 results Consolidated revenues for Q2FY26 was at Rs 299 crore, reflecting a growth of 13% YoY. EBITDA for the quarter was at Rs 47 crore, representing an increase of 41.5% over Rs 33 crore reported in Q2FY25. EBITDA margin is at 15.7% for Q2FY26 and better by 310 bps when compared to EBITDA of 12.6% in Q2FY25. Profit after Tax (PAT) of Rs 23 crore grew by 88.9%, with a margin of 7.6% for the quarter, compared to Rs 12 crore / 4.6% in Q2FY25. Sampath Ravinarayanan, Founder Chairman & Managing Director, said: "It has been three quarters since I resumed my role as Chairman of your esteemed Company. During this time, we launched the Power 930 initiative, setting an ambitious revenue target of Rs 9,000 crore (1 billion USD) by FY30. To achieve this, we have outlined the following plans: We are targeting over 40% year-on-year growth in our core business areas for FY26 and FY27, with acceleration to over 70% projected for FY28 through FY30. Based on current forecasts, we expect to meet the 40% growth target for FY26 and FY27 in our core domains of Aerospace, Defense and ESAI. With new facilities becoming operational by 2027, we are optimistic about surpassing the 70% mark in subsequent years. To drive growth in per capita revenue and improve OPM, we are shifting from a service-centric model to one focused on products and solutions. Annualized EBITDA per employee increased from INR 4.31 lakh/employee in H1FY25 to INR 6.36 lakh/employee in H1FY26 marking a 47% increase YoY. We are investing heavily in infrastructure to support product and solution development. A large portion of our 165,000 sq. ft. Aero-land facility is complete, and construction has begun on the 3 million sq. ft. Devanahalli Atmanirbar Complex. Once finished, it will be among India’s largest centers for Radars, Strategic Electronics, and the Aerospace Supply Chain. Our focus continues to be forming strategic partnerships with global leaders in our core areas. We’ve collaborated with MBDA and Indra, and forged alliances with CILAS, EBC, Aldoria, and EEA to enhance our capabilities and revenues. We are reviewing our business portfolio to identify areas of stagnation, negative growth, or limited strategic value. To stay focused and agile, we’ve engaged a strategic advisor to guide this process. We have a robust pipeline, giving us strong and clear visibility to achieve our mission (Power930) by FY30. We are focused on converting maximum possible of this pipeline into confirmed orders and continuously replenishing it. In closing, I would like to thank you for your continued trust and support. Together, I am confident we will build a future marked by enduring growth, operational excellence, and lasting success." Result PDF
BPO/KPO company AXISCADES Technologies announced Q1FY26 results Consolidated revenues for Q1FY26 was at Rs 244 crore, reflecting a growth of 9% YoY. Typically, H1 represents around 35% of full year revenue, with 65% recorded in H2, in view of the majority of defence revenues executed in H2. In dollar terms, revenue for the quarter amounted to USD 28.5 million, growing 6% YoY. Reported EBITDA for the quarter was at Rs 34 crore, representing an increase of 9% over Rs 31 crore reported in Q1FY25. However, normalizing Q1FY25 EBITDA to Rs 18 crore for one time write backs, Q1FY26 EBITDA grew by 86%. EBITDA margin is at 14% for Q1FY26, same as PY, and better by 582bps when compared to normalized EBITDA of 8.2% in Q1FY25. Profit After Tax (PAT) of Rs 21 crore grew by 25%, with a margin of 8.2% for the quarter, compared to Rs 17 crore / 7.2% in Q1FY25. Sampath Ravinarayanan, Chairman, said: “It has now been nearly six months since I resumed the role of Chairman of your esteemed company. During this period, we have embarked upon a series of strategic initiatives designed to accelerate sustainable growth and position our organization for long-term success. I would like to highlight a few: We have set an ambitious target of achieving over 40% YoY growth across our core business domains. To drive non-linear growth, we are executing a strategic transition from a services-centric model to one focused on products and solutions, targeting a shift in our revenue mix to 20:80 services to product. We are investing in world-class infrastructure to support the development and delivery of these enhanced offerings. We have initiated the formation of mutually beneficial global partnerships in critical areas aligned with our strategic direction. We are rigorously reassessing activities that demonstrate stagnation or negative growth, or that no longer provide strategic value to the company. Our Power 930 Plan, aimed at achieving Rs. 9,000 Crore (1 Billion USD) in revenue by Fiscal 2030, is now underway. I am pleased to inform you that dedicated leadership teams are now in place to oversee the implementation of these initiatives. This proven leadership group shares a unified vision and is deeply committed to realizing our collective objectives. While we remain steadfast in our pursuit of delivering 40% growth in our core domains in the near term, we are simultaneously advancing the groundwork required for our broader transformation. As with any profound change, this process will take several quarters to mature, given the new pathways and teams involved. Alfonso Martinez; CEO & MD said: “In furtherance to robust performance in Q1 - our Orderbook and Forecast Visibility for FY26 and following years positions us for sustained and strong revenue growth of over 40%, with a targeted EBITDA margin of 19.5%. We are committed to topline growth of more than 25% and 300bps improvement in EBITDA for the current year. To further strengthen our business, we are actively reassessing and refocusing activities that are currently loss-making or operating at lower margins. We remain committed to delivering sustainable growth and long-term value for our shareholders and other stakeholders. Your continued trust and support are the foundation for our success, and I am confident that, together, we will achieve our ambitious goals in the years ahead.” Result PDF