Axiscades Technologies Ltd

Axiscades Q3 FY26: Revenue Up 25% YoY, Margins Expand 🚀

- Q3 FY26 revenue: ₹343 crores, up 25% YoY and 14.8% sequentially

- 9-month FY26 revenue: ₹886 crores, up 16.2% YoY

- Q3 EBITDA: ₹63 crores with 18.3% margin, a 360 bps YoY improvement

- Adjusted PAT for Q3: ₹35 crores (10.3% margin)

- Growth domains (aerospace, defense, ESAI) made up 78% of revenue, growing 36% YoY

- Growth domains achieved 21.4% EBITDA margin

- Product vs. service revenue ratio improved to 39:61 from 33:67 YoY

- Targeting product vs. service revenue flip to 80:20 by FY27

- Power930 vision aims for ₹9,000 crores revenue by 2030

- Targeting 40-50% annual EPS growth

- Order pipeline estimated at ₹14,000 crores over 4 years

- Current forecast visibility: ₹3,300-3,400 crores

- New facilities (DAL, DAC, MAC) to boost manufacturing in radar integration, missile electronics, and aerospace

- RF seeker for missiles successfully trialed, qualification expected by Q2 FY27

- Mission computer for LCA Mark 1 highlighted

- Divestment of noncore business on track for completion by March 2026

- Net debt: ₹67 crores; net worth: ₹730 crores as of December 31, 2025