AXISCADES Technologies Limited – Investor Presentation Summary
Key Operational Highlights
- Record consolidated revenue of ₹346.7 crore in Q1 FY27, up 42.2% YoY and 27.0% QoQ
- Retained business revenue (Defence, XiDA, Aerospace) grew 94.2% YoY to ₹183.4 crore
- Defence stream revenue reached ₹125.0 crore, up approximately 111% YoY
- XiDA (formerly ESAI) revenue reached ₹49.5 crore, up approximately 62% YoY
- Aerospace manufacturing revenue at ₹6.1 crore during build phase
- Add Solutions GMBH remains loss-making with EBITDA loss of ₹4.84 crore and PAT loss of ₹6.72 crore
Segment-wise Performance
Defence Solutions: Revenue ₹125.0 crore, EBITDA ₹2.6 crore (2.1% margin), underlying EBITDA ₹11.2 crore (9.7% margin after adjusting for one-time provisions)
XiDA (Electronics Platform): Revenue ₹49.5 crore, EBITDA ₹14.7 crore (29.7% margin), business acquired by transfer contributed at 46.2% margin
Aerospace Manufacturing: Revenue ₹6.1 crore, EBITDA ₹(5.4) crore, in build phase with leadership team and capacity installed ahead of acquisitions
Financial Highlights
Total Business: Revenue ₹346.7 crore, Reported EBITDA ₹27.9 crore (8.1% margin), Reported PBT ₹(11.9) crore, Reported PAT ₹(14.8) crore
Normalized Performance: EBITDA ₹41.0 crore (11.8% margin), PBT ₹23.1 crore, PAT ₹20.2 crore
Retained Business: Revenue ₹183.4 crore, Reported EBITDA ₹8.7 crore (4.7% margin), Reported PBT ₹(6.5) crore, Reported PAT ₹(7.1) crore
One-time Items: ₹9.62 crore receivable provision (aged defence transaction), ₹3.50 crore hedge unwinding, ₹21.81 crore deal costs taken as exceptional item
Employee Costs: Reduced from 53.0% to 44.1% of revenue YoY
Geographical Revenue Split
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Balance Sheet Snapshot
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Capex & Cash Flow Health
Divestment Proceeds: US$237 million (approximately ₹2,256 crore) divestment of engineering services business to Akkodis, expected close by November 2026
Expected Extraordinary Gain: ₹1,255 crore upon divestment closure
Net Proceeds: Phase 1: ~₹192 crore in Q2, Phase 2: ~₹718 crore net proceeds in Q3
Strategic & R&D Initiatives
Defence Wins: Added ₹332 crore to Assured Forecast Visibility (total ₹4,557 crore) including anti-tank missile computers, missile sub-systems, 30KW Laser DEW, mobile firing platforms
XiDA Expansion: Added two global technology customers - world's largest semiconductor equipment manufacturer and one of world's largest AI/hyperscale technology companies via business transfer agreement completing Q2 FY27
Aerospace Acquisition: AS9100D-certified precision manufacturing company with expected annualized FY27 revenue ₹180 crore, EBITDA ₹39 crore (22% margin), expected close Q2 FY27
Space Division: Satellite manufacturing, assembly, integration and test facility under construction at DAC, technology transfer collaborations to be announced September 2026
Manufacturing Infrastructure: DAL facility commissioned, DAC Phase 1 construction underway (operational by FY27), MAC Hyderabad land acquisition done, CAM Devanahalli (240,000 sq ft on 20 acres) land allocation in process
Industry Trends & Business Environment
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Management Commentary & Growth Outlook
FY27 Guidance: Target to regain divested ₹74 crore aerospace EBITDA on proforma annualized basis
Revenue Target: ₹1,377 crore revenue on continuing operations proforma annualized basis
EBITDA Target: ₹270 crore EBITDA proforma annualized FY27
Defence Growth: 75% YoY growth expected from current levels
XiDA Growth: More than 100% YoY growth expected starting FY27
Aerospace Target: Annualized revenue run rate ₹375+ crore and EBITDA ₹84 crore by Q4 FY27, building toward ₹1,000 crore by FY2029
Space Announcements: Details expected during Bengaluru Space Expo and World Space Business Week Paris in September 2026
ESG Updates
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Digital Transformation
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