Financial Performance for Q1 FY27 (Quarter Ended 30th June 2026)

The company reported strong financial results for the quarter:

  • Revenue: ₹48.98 crores, representing a 78% year-on-year increase from Q1 FY26 revenue of ₹27.48 crores
  • Total Income: ₹49.06 crores compared to ₹27.56 crores in Q1 FY26
  • EBITDA: ₹6.22 crores, a 122% increase from ₹2.79 crores in Q1 FY26
  • EBITDA Margin: 12.70%, up 252 basis points from 10.18% in Q1 FY26
  • Profit Before Tax: ₹3.46 crores compared to ₹1.75 crores in Q1 FY26
  • Tax Provision: ₹0.37 crores (no tax provision in Q1 FY26 due to carry forward benefits)
  • PAT: ₹3.09 crores, a 77% increase from ₹1.74 crores in Q1 FY26
  • PAT Margin: 6.32% (6.36% in Q1 FY26)
  • EPS: ₹0.66 per share compared to ₹0.37 per share in Q1 FY26

Business Overview and Operational Highlights

Axis Solutions Limited (formerly Asya Infosoft Limited) is a 27-year-old company founded in 1999, specializing in automation, instrumentation, and multiple technology solutions. The company was relisted on BSE in July 2025.

Key Operational Metrics:

  • Employee Strength: More than 130 employees on firm rolls
  • Product Portfolio: Over 130 manufactured products
  • Open Order Book: ₹365 crores (orders received but pending dispatch, expected to be executed within current year or near future)
  • FY26 Performance: Revenue of ₹240 crores, EBITDA of ₹45 crores, PAT of ₹28 crores (11.9% PAT margin, 18.9% EBITDA margin)

Business Verticals and Revenue Mix (Q1 FY27 vs Q1 FY26):

  • Automation & Digitalization: 15% (15.6% in Q1 FY26)
  • Water: 26% (55.8% in Q1 FY26)
  • Industrial Engineering & Systems: 59% (28.6% in Q1 FY26)

The company noted that quarterly variations in revenue mix are normal and they aim to neutralize these effects across quarters.

Subsidiaries and International Presence

The company has multiple subsidiaries and international operations:

  • Axiot: 60% stake held by Axis Solutions
  • AxisSol Arabia: Recently incorporated in Kingdom of Saudi Arabia to capture Saudi market and obtain registrations
  • 100% subsidiary in Germany
  • Brix Engineering Pte Ltd in Singapore
  • Axis Solutions FZE in Dubai
  • Axis Analytics India Private Limited
  • Axis New Energy
  • Brix Engineering Limited in the UK

Recent Developments (February 2026 - June 2026)

1. Saudi Arabia Expansion: Incorporated AxisSol Arabia to capture Saudi market, obtain registrations, and plan manufacturing facilities

2. CRM Implementation: Built and implemented in-house CRM platform for sales team management, reporting, and approval systems

3. Product Launch: MAG200 electromagnetic flow meter with enhanced facilities

4. Awards: Managing Director Dr. Bijal Sanghvi received CEO Excellence Award (Best CEO of the Year) and Founders Award from IED Communications

5. R&D Innovation: Launched hydrogen solid storage technology providing end-to-end hydrogen power solutions with fuel cells and electrolyzers

Technology and R&D Focus

The company has a DSIR-approved R&D setup with:

  • 13 patents across four countries
  • 3 trademarks
  • 9 patents pending
  • Commitment to invest 10% of annual profit into R&D

R&D vision until 2030 focuses on innovative products, AI-enabled IoT-ready solutions, clean energy development, regulatory compliance, operational safety, and data-driven decision support systems.

Market Presence and Clients

Domestic Clients: Indian Oil Corporation, Hindustan Petroleum, NTPC, Tata Chemicals, BHEL, ISGEC, Thermax, Kalptaru, ABB, L&T, Reliance, Adani

International Clients: Petronas, ADNOC, KAFCO, Qatar Fertiliser, PDO

Industries Served: Process industry (heavy industry), OEMs, machine manufacturers, factory automation (light industry), renewable energy, hydrogen, special purpose machines, plastics, textiles, and government segment (MODERN - Marine, Offshore, Defence, Energy, Railways, Nuclear)

Manufacturing Facilities

  • Location: All facilities in Ahmedabad
  • Total Area: 140,000 square feet across five purpose-built facilities
  • Capabilities: Integrated manufacturing including design, prototyping, fabrication, assembly, hydrogen storage proof of concept, factory acceptance, site studies, integration, and after-sales services
  • Capacity Utilization: Current facilities can support doubling of turnover without immediate need for expansion

Digital Platforms and Brand Strategy

The company operates three branded approaches:

1. Axociate: Partner-led brand for distributor and channel partner network

2. Axcellence: Solution-led brand integrating multiple technologies with global partners (Panametrics, Teledyne, Wohler, Hemera, Seneca)

3. Axcelerator: IP-led brand for new product development and maturation

Digital platforms include Smart Shelter (plant automation controls), AquaVision (water management), HydroSafe (hydrogen safety), all unified under Axis Cloud IoT platform.

Emerging Opportunities

1. Green Hydrogen: Solid state storage technology (first in India), lower energy requirement than traditional high-pressure gas storage

2. Railway Kavach: Indian Railways safety program - company is approved and conducting proof of concept

3. EV Charging Infrastructure: ACVC fast chargers and energy storage solutions

4. Government Initiatives: Alignment with National Green Hydrogen Mission (5 MMT production by 2030), nuclear power, integrated climate control

Q&A Session Highlights

Growth Outlook: Management indicated strong growth expectations for FY27 but declined to provide specific projections due to compliance considerations.

Order Book: ₹365 crore open order book expected to be largely executed in current financial year, with some spillover to next year.

Listing Plans: Currently listed only on BSE. NSE listing consideration pending minimum public shareholding (MPS) compliance. Promoter holding currently at 85.64%, public holding at 12.62%, DII holding at 1.74%.

New Technologies: Hydrogen solid storage technology in commercialization phase with design and technology patents. Revenue timing not confirmed for FY27. Railway Kavach and EV charging also in development stage.

Margins: Current margins reflect existing business lines. New patented technologies (including hydrogen) not yet contributing to financials.

Receivables: Aged receivables primarily relate to Q4 FY26 billings (February-March). Normal payment terms are 30-60 days or letters of credit.

Recurring Revenue: MRO, AMC, and warranty revenue constitutes 5-6% of total revenue, expected to increase significantly in coming years.

Capacity Utilization: Current facilities can support significant growth without immediate capacity constraints. Business is based on customized orders rather than batch processing.