AXISCADES Technologies Limited (AXISCADES) — Financial Results | 13 August 2026

AXISCADES reported record revenue of Rs 346.7 crore for Q1 FY27, up 42.2% YoY, driven by strong growth in retained businesses after completing key divestments. The company finalized the sale of its engineering services and aerospace services units for a combined Rs 2,256 crore consideration, unlocking capital for strategic investments in defence, aerospace manufacturing, XiDA, and space. Retained revenue grew 94% YoY to Rs 183.4 crore, with normalised EBITDA reaching Rs 41.0 crore at an 11.8% margin. The divestment transaction, expected to close by November 2026, will generate an extraordinary gain of Rs 1,255 crore upon completion. The company is actively building new aerospace manufacturing capabilities, including a 240,000 sq ft Center for Advanced Manufacturing on 20 acres at Devanahalli, targeting annualised revenue of Rs 180 crore and EBITDA of Rs 39 crore by Q2 FY27. XiDA acquired two global technology leaders as customers, and the Space division is preparing for announcements at the Bengaluru Space Expo and Paris Space Week in September. The Chairman emphasized the transition to a focused portfolio with sustainable growth platforms, targeting Power 930 vision through strategic acquisitions and margin expansion.