AXISCADES Reports ₹244 Cr Revenue in Q1 FY26, Core Domains Grow 17%

AXISCADES Technologies Limited, a company focused on aerospace, defence, electronics, semiconductors, and artificial intelligence, has released its unaudited financial results for the first quarter ended June 30, 2025.

The company reported consolidated revenue from operations of ₹244 crores for Q1 FY26, marking a 9% year-on-year (YoY) increase compared to ₹224 crores in the same period of the previous fiscal year. In dollar terms, revenue reached $28.5 million, reflecting a 6% YoY growth.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹34 crores, up 9.3% from ₹31 crores in Q1 FY25. The EBITDA margin remained steady at 14.0%. When adjusted to exclude one-time write-backs from the previous year—bringing Q1 FY25’s EBITDA down to ₹18 crores—the normalized EBITDA growth for Q1 FY26 was 86.3%, with the normalized margin improving to 14.0% from 8.2%.

Profit after tax (PAT) for the quarter was ₹21 crores, a 24.8% increase from ₹17 crores in Q1 FY25. Diluted earnings per share (EPS) stood at ₹4.8, compared to ₹3.8 in the corresponding period last year.

Revenue performance showed a divergence between core and non-core business segments. The core domains—comprising aerospace, defence, and Electronics, Semiconductors & AI (ESAI)—collectively grew by 17% YoY. Aerospace revenue rose 7%, defence increased by 22%, and ESAI saw a 34% growth compared to Q1 FY25.

In contrast, non-core domains, which include heavy engineering, automotive, and energy, declined by 9% YoY. The company attributed this to a slowdown in the automotive sector and timing-related delays in energy sector orders.

AXISCADES is advancing a strategic shift toward product-led, non-linear growth, aiming to restructure its revenue mix to 80% from products and solutions and 20% from services. The company is investing in infrastructure and forming global partnerships to support this transformation.

Dr. Sampath Ravinarayanan, Chairman of AXISCADES, announced the initiation of the "Power 930 Plan," targeting ₹9,000 crores (approximately $1 billion) in revenue by fiscal year 2030. He noted that leadership teams have been put in place to execute the company’s strategic roadmap, emphasizing sustainable growth and long-term value creation.

Alfonso Martinez, CEO & Managing Director, highlighted strong order book visibility for FY26 and beyond, supporting expectations of sustained revenue growth of over 40% in core domains. The company aims for overall top-line growth of more than 25% for the current fiscal year, along with a 300 basis point improvement in EBITDA margin, targeting 19.5%.

The company is also reviewing business segments with low or negative margins, planning to refocus resources on higher-growth, strategically aligned areas.

AXISCADES Technologies Limited, formerly known as AXISCADES Engineering Technologies Limited, operates globally with a focus on aerospace, defence, and advanced technology sectors. Its subsidiaries include Mistral Solutions Pvt Ltd in India, specializing in chip-to-product development and edge computing, and Add Solutions in Wolfsburg, Germany, focused on thermal management solutions for AI and data centers.