Engineering Solutions Provider Axiscades has reported over three-fold jump in consolidated net profit to 32 Crore in the March Quarter, Aided by Higher Revenues.
It has recorded a net profit of 9 Crore during the January-March Period of 2023-24, The Company Said.
Axiscades Revenue Increased 5 per cent to 268 Crore in the latest fourth Quarter from 256 Crore a year ago.
The company’s ebitda (earnings before interest, tax, depreciation and amortisation) Also Rose 15 per cent to 37 Crore in the Quarter Under Review from 32 Crore in Q4 FY24.
For the entry fiscal, its revered 8 per cent to 1,031 Crore from 955 Crore a year ago, The company said in a filing on Monday.
Its Ceo and MD Alfonso Martinez Said, “As We Approach FY26, our priority is to Capitalise on the Opportunities in Emerging Sector Like Manufacturing, MRO, Chip-TO-PRODUCECT and Advanceced Defections Technologies, Including Unmanned Warfare, to Bring About Non-Linear, Product-Led, Scalable Growth “.
The company also plans to invest significantly in developing new proof of concept and products with a focus on Creating commercially viable assets for future assets for futures.
The board also approved merger of its step-by
On the rationale behind the move, it said the business of both entities add solution gmbh and axiscades gmbh are complete. Hence consolidation of the entities will result in synergy of business operations, optimise operational cost and reduce the compliance risk.
Bengaluru-Based Axiscades Technologies (Axiscades) is a lead-to-end engineering and technology solutions provider, catering to sector like aerospace, defense, heavy english, heavy engineering, Automotive and energy, among other.