The shares of IT stock, specializing in product engineering, digital transformation, and IoT solutions, hit a 5 percent upper circuit upon declaring Q3 results and generating Profit with a 96 percent rise Year on Year (YoY)
Price action
With a market capitalization of Rs. 2,892.83 crores on Saturday, the shares of AXISCADES Technologies Limited hit 5 percent upper circuit making a high of Rs. 715.60 per share compared to its previous closing price of Rs. 681.55 per share.
What Happened
AXISCADES Technologies Limited specializing in product engineering, digital transformation, and IoT solutions has announced its Q3FY25 results
Its Revenue from operations grew by 18.4 percent YoY from Rs. 231 Crores in Q3FY24 to Rs. 274 Crores in Q3FY25 and it grew by 3.7 percent QoQ from Rs. 264 Crores in Q2FY25 to Rs. 274 crores in Q3FY25.
Its Net Profit grew by 95.9 percent YoY Rs. 7.5 Crores in Q3FY24 to Rs. 14.8 Crores in Q3FY25 and it rose by 20.7 percent QoQ from Rs. 12.2 Crores in Q2FY25 to Rs. 14.8 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 3.50, compared to Rs. 2.93 in the previous quarter and minus Rs. 1.93 in the same quarter last year.
Management Commentary
Mr. Alfonso Martinez CEO & MD said: I am excited to contribute to AXISCADES’ remarkable growth trajectory. Leveraging my industry knowledge and robust connections within our core domains, I am dedicated to facilitating substantial transformation as we transition from a service-oriented, linear growth approach to a product-focused, non-linear growth strategy. This strategic realignment will promote sustainable growth and profitability while enhancing value for our stakeholders
Companies Core Domains
The core domains, comprising Aerospace, Defence, and ESAI (Electronic Semiconductors & AI), demonstrated robust growth of 33.1 percent YoY, with Q3FY25 revenue reaching Rs. 207 crore, compared to Rs. 155 crore in Q3FY24.
In Aerospace, it aims to cross-sell and upsell by offering services such as supply chain management, AI-enabled MRO, aircraft conversion, power-by-hour logistics, and inspection facilities.
Defence, the company plans to invest in radar manufacturing, unmanned warfare systems, AI-enabled RF products, and performance-based logistics while forming partnerships with foreign OEMs.
In the Electronics, Semiconductor, and AI (ESAI) domain, the company will focus on post-silicon chip-to-product development, AI-driven devices, thermal management, edge microdata centers, and ESAI incubation.
About the Company
AXISCADES Technologies is an Indian engineering solutions provider specializing in product engineering, digital transformation, and IoT solutions. The company serves industries like aerospace, automotive, industrial, and healthcare
Written by Sridhar J
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