AXISCADES Reports Record Q1 FY27 Revenue of ₹346.7 Cr, Up 42.2% YoY
AXISCADES Technologies Ltd announced a record consolidated revenue of ₹346.7 crore for Q1 FY27, a 42.2% increase year-on-year and 27.0% sequentially. This includes discontinued operations. The company is undergoing a portfolio transition with the divestment of its Engineering Services and Aerospace Services businesses to Akkodis Group for approximately ₹2,256 crore. Revenue from continuing operations was ₹183.4 crore, with like-for-like revenue (excluding Add Solutions) nearly doubling to ₹181 crore. Reported EBITDA was ₹27.9 crore, but normalized EBITDA, excluding one-time provisions and exceptional costs, stood at ₹41.0 crore, up 20.5% YoY. The company is establishing a Space division and expanding manufacturing capacities.
Key Highlights
- Record Q1 FY27 revenue of ₹346.7 crore, up 42.2% YoY.
- Divestment of services businesses for ~₹2,256 crore progressing.
- Like-for-like revenue from continuing operations nearly doubled YoY.
- Normalized EBITDA up 20.5% YoY to ₹41.0 crore.
- Establishing Space division and expanding manufacturing infrastructure.
Price Impact
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