In Tuesday’s trading session, the shares of a leading, end-to-end technology and engineering solutions provider surged by 9.7 percent to Rs. 554.4, after reporting financial results for Q1 FY24-25 with a rise in the net profit of 86.6 percent QoQ and 194 percent YoY.
With a market capitalisation of Rs. 2,244.2 crore, at 10:23 a.m., the shares of Axiscades Technologies Limited were trading in the green at Rs. 540.1, up by 6.8 percent, as against its previous closing price of Rs. 505.6.
What’s the News:
The fluctuations in the share prices were observed after the company announced the financial results for Q1 FY24-25, through the recent filings with the stock exchanges in the morning trading session of Tuesday.
The revenue from operations for Q1 FY24-25 stood at Rs. 223 crores, marking a 4.5 percent YoY rise from Rs. 214 crores in Q1 FY23-24, but a 12.7 percent decline quarter-on-quarter from Rs. 256 crores in Q4 FY23-24.
The net profit jumped by 194 percent YoY to Rs. 17 crores in Q1 FY24-25, as against Rs. 6 crores in Q1 FY23-24, and on a quarter-on-quarter basis, it grew by 86.6 percent from Rs. 9 crores in Q4 FY23-24.
Also read
On a year-on-year basis, the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA fell from Rs. 33 crore in Q4 FY22-23 to Rs. 31 crore in Q4 FY23-24, representing a decline of 5.8 percent.
Axiscades Technologies witnessed an EBITDA margin of 13.9 percent in Q1 FY24-25, up from 12.6 percent in Q4 FY23-24. Similarly, the company’s net profit margin saw a substantial improvement, rising to 7.2 percent from 3.4 percent, over the same period.
During Q1 FY24-25, the company added Rs. 39 crores to the defence order book, while the defence exports stood at Rs. 3 crores.
Naval production orders of Rs. 20 crores are under execution and will be delivered in Q2 FY24-25. Further, the company expects a strong order book and a significant uptick in production revenues from Q2 FY24-25.
Stock Performance
The stock has delivered positive returns of nearly 9 percent in one year. However, so far in 2024, the shares of Axiscades Technologies have given about 20.2 percent of negative returns.
About the Company:
Headquartered in Bangalore, Axiscades Technologies Limited operates in the business of technology services & solutions, and offers product engineering solutions across embedded software and hardware, digitisation and automation, mechanical engineering, system integration, test solutions, manufacturing engineering, technical publications, and aftermarket solutions.
The company’s solutions comprehensive portfolio covers the complete product development lifecycle from concept evaluation to manufacturing support and certification in the aerospace, defence, heavy engineering, automotive, medical devices & industrial product industries.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
