| Management target | Revenue FY27 |
|---|
| Revenue growth | 42% YoY growth driven by defense and semiconductor (Zeda) segments. |
|---|---|
| Margins | Normalized EBITDA at 11.8%; engineering services divestment boosts long-term profile. |
| Order book | Defense visibility at 4,500 Cr+ over next few years. |
| Demand visibility | Strong visibility in Defense and Semiconductor equipment sectors. |
| Management confidence | Over-optimistic, pivoting to accounting-normalized numbers to hide reported net loss. |
Growth
Consolidated revenue grew 42% YoY to 346 Cr, heavily assisted by one-time recovery of deferred revenues.
Outlook
Targeting 1,377 Cr revenue and 270 Cr EBITDA for FY27 on normalized basis.
Risks
High finance costs (72% of EBITDA), persistent losses in non-core European units, and reliance on lumpy defense orders.
Last quarter's promises, checked
Delivered
- Divest Phase 1 engineering services → Signed definitive agreement May 2026 (= BEAT)
- Revenue FY26 1,159 Cr → Delivered 1,159 Cr (+12.4% YoY) (= BEAT)
- EBITDA FY26 178 Cr → Delivered 178 Cr (+24.6% YoY) (= BEAT)
Partly delivered
- Phase 2 disinvestment → Delayed but remains a priority for H1 FY27 (= PARTIAL)
- Operationalizing DAL/MAC facilities → Construction ongoing, scheduled for FY27 (= PARTIAL)
Missed
- EBITDA expectation ~215 Cr → Delivered 178 Cr (= MISS)
- PAT expectation ~110 Cr → Delivered 72 Cr (= MISS)
- Q4 Revenue recognition → 142 Cr deferred due to supply chain/supplier issues (= MISS)
Earnings Call Transcript filed with NSE, NSE: AXISCADES. Summary written with AI assistance from the document.
AXISCADES Technologies Ltd: key numbers
- Share price
- ₹1,892.10
- Market cap
- ₹8,048 Cr
- Revenue (annual)
- ₹1,159 Cr
- Net profit (annual)
- ₹71.92 Cr
- P/E (TTM)
- 221.5×Sector 53.6×
- Promoter holding
- 58.03%-0.02% QoQ
- FII holding
- 1.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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