AXISCADES Technologies Ltd.Record Margins & Strong Growth

AXISCADES Technologies delivered a landmark Q3 FY26 with revenue reaching ₹343 crores, reflecting robust 25% year-on-year and 14.8% quarter-on-quarter growth.

The company achieved its highest ever quarterly EBITDA margin of 18.3%, expanding 360 basis points year-on-year, while EBITDA surged 55% to ₹63 crores. Adjusted PAT stood at ₹35 crores with a 10.3% margin. Growth domains comprising aerospace, defense, and ESAI now constitute 78% of total revenue, growing 36% year-on-year with EBITDA margins of 21.4%. Management provided strong guidance for FY26 EPS of ₹25-26 and FY27 EBITDA growth of minimum 45%, targeting 20% EBITDA margins.

The company is accelerating its strategic transformation from services to products, aiming to flip the current 39:61 product-to-service mix to 80:20 by FY27. Key milestones include successful RF seeker trials completed in February for BrahMos missiles, with qualification expected by Q2 FY27, and mission computer approval for LCA aircraft. The company maintains a ₹14,000 crore pipeline over four years and plans to divest noncore businesses by end of FY26.