Synopsis:
AXISCADES Technologies hit a 5% upper circuit after winning a Rs. 600 crore defence order, strengthening its role in India’s defence sector.
Renowned for advanced engineering solutions and infrastructure supporting defence electronics, this company has secured major new orders. The article details its recent landmark achievement: winning Rs. 600 crore in contracts for critical airborne, naval, and radar systems.
AXISCADES Technologies Limited’s stock, with a market capitalisation of Rs. 5,552.57 crores, rose to Rs. 1,299.50, hitting the intraday upper circuit, up 5 percent from its previous closing price of Rs. 1,237.70. Furthermore, the stock over the past year has given a return of 122.8 percent.
Order Update
AXISCADES Technologies has won strategic orders worth Rs. 600 crore across airborne, naval, and radar platforms, reinforcing its role in India’s defence modernisation and self-reliance efforts. The orders include development and supply of advanced sub-systems for indigenous platforms by DRDO and Defence PSUs, with execution over 3–5 years.
Key projects include radar upgrades for the Su-30 MKI, S-band surveillance radar modules, long-range battle management radar units, electric heavyweight torpedoes, and submarine sonar systems. These wins strengthen AXISCADES’ position in radar, sonar, and signal processing electronics, ensuring a steady revenue stream through development to full-scale production.
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Business Highlights
AXISCADES reported that 73% of its revenue came from core domains, fully contributing to the EBITDA of Rs. 142 crore, while the remaining 27% from non-core areas showed negative EBITDA margins. Core business margins improved by 50 basis points year-on-year, whereas non-core margins declined by about 450 basis points. Going forward, the company aims to grow core domain revenues by at least 20% and boost EBITDA by 50% YoY. It also plans to explore synergies between core and non-core segments, especially in emerging areas through ESAI, to steer the business back to profitability.
Q4 Financials
The company reported a revenue of Rs. 268 crore in Q4FY25, marking a 4.7% year-on-year (YoY) growth from Rs. 256 crore in Q4FY24. However, revenue declined 2.5% quarter-on-quarter (QoQ) from Rs. 275 crore in Q3FY25, indicating a slight sequential dip in topline performance.
Net profit surged to Rs. 32 crore in Q4FY25, up 255% YoY from Rs. 9 crore and rising 133% QoQ from Rs. 15 crore. Over the past three years, the company has maintained a strong 49% profit CAGR, 19% sales CAGR, and a 6% ROE CAGR, highlighting robust long-term financial growth.
Written by – Fazal
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