Summary of Key Information:

Reporting Period: Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Audit Opinion:

Unmodified opinion (clean) from statutory auditors S.R. Batliboi & Associates LLP on both standalone and consolidated financial results.

Key Financial Highlights [₹ in lakhs]:

Consolidated Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: ₹27,300.93 lakhs (vs ₹26,797.26 lakhs in Q4 FY25, +1.9% YoY)
  • Total Income: ₹27,730.32 lakhs
  • Net Profit: ₹41.36 lakhs (vs ₹3,149.61 lakhs in Q4 FY25, -98.7% YoY)
  • EPS: ₹0.10 (Basic) and ₹0.10 (Diluted)

Year ended March 31, 2026:

  • Revenue from Operations: ₹1,15,895.24 lakhs (vs ₹1,03,072.37 lakhs in FY25, +12.4% YoY)
  • Total Income: ₹1,18,173.35 lakhs
  • Net Profit: ₹7,206.50 lakhs (vs ₹7,528.40 lakhs in FY25, -4.3% YoY)
  • EPS: ₹16.92 (Basic) and ₹16.83 (Diluted)
  • Other Equity: ₹70,627.04 lakhs
  • Cash and Cash Eququivalents: ₹1,782.92 lakhs
  • Total Debt: Borrowings of ₹7,524.24 lakhs (non-current) + ₹20,120.09 lakhs (current) = ₹27,644.33 lakhs

Standalone Results:

Quarter ended March 31, 2026:

  • Total Revenue: ₹12,574.16 lakhs
  • Net Profit: ₹109.89 lakhs
  • Total Comprehensive Income/(Loss): (₹26.14) lakhs

Year ended March 31, 2026:

  • Total Revenue: ₹46,743.16 lakhs
  • Net Profit: ₹1,117.55 lakhs
  • Total Comprehensive Income: ₹338.17 lakhs
  • Other Equity: ₹38,053.71 lakhs

Segment-wise Performance:

The Group operates in two segments:

1. Technology Services and Solutions

2. Defence

Quarter ended March 31, 2026:

  • Technology Services Revenue: ₹20,591.25 lakhs
  • Defence Revenue: ₹6,714.92 lakhs
  • Technology Services Segment Profit: ₹1,665.45 lakhs
  • Defence Segment Profit: ₹1,091.60 lakhs

Year ended March 31, 2026:

  • Technology Services Revenue: ₹78,125.21 lakhs
  • Defence Revenue: ₹37,770.03 lakhs
  • Technology Services Segment Profit: ₹6,636.31 lakhs
  • Defence Segment Profit: ₹8,285.95 lakhs

Corporate Actions:

  • No dividend declared in this announcement
  • No share split, bonus issue, or buyback announced
  • Corporate guarantee of ₹20 crores approved for wholly owned subsidiary AXISCADES Aerospace & Technologies Private Limited for credit facilities from RBL Bank

Other Significant Information:

Exceptional Items:

  • Q4 FY26: ₹(334.70) lakhs (impairment loss on goodwill ₹797.58 lakhs offset by fair value adjustment gain ₹462.88 lakhs)
  • FY26: ₹(1,116.84) lakhs (includes impact of new Labour Codes ₹782.14 lakhs recognized in Q3 FY25)

Subsequent Events:

1. Agreement signed on May 26, 2026 to sell certain engineering services businesses to Akkodis Group for USD 23.23 million (fixed consideration) plus contingent consideration

2. Fixed consideration includes USD 5.81 million payable after 12 months

3. Transaction subject to statutory and regulatory approvals

Other Developments:

  • Investment of ₹575.46 lakhs in associate Aero Electronics Private Limited
  • Agreement to acquire remaining 24% equity in subsidiary Cades Studec Technologies for USD 1,500,000
  • Impact of new Labour Codes notified on November 21, 2025 resulted in increased employee benefit liabilities

Entities Included in Consolidation:

The consolidated results include 16 entities: AXISCADES Technologies Limited and 15 subsidiaries including AXISCADES Inc., Cades Studec Technologies, AXISCADES Aerospace & Technologies, Enertec Controls, and others, plus one associate company Aero Electronics Private Limited.

Cash Flow Information [Consolidated, FY26]:

  • Net cash used in operating activities: ₹(135.86) lakhs
  • Net cash used in investing activities: ₹(7,073.18) lakhs
  • Net cash from financing activities: ₹3,765.26 lakhs
  • Net decrease in cash: ₹(3,443.78) lakhs