Axiscades Technologies Ltd — earnings calls

AXISCADES reported consolidated revenue of Rs 346 crore for Q1 FY27, up 42% year on year, while posting a net loss of Rs 14.8 crore due to one-off costs related to the divestment of its Engineering Services and Aerospace Services businesses. Management said the continuing operations business grew 94% year on year to Rs 183 crore, with defense revenue up 112% and the XiDA (formerly ESAI) business up 63% year on year. The company reiterated its FY27 guidance of Rs 1,377 crore revenue and Rs 270 crore EBITDA on a continuing operations basis, tied to planned acquisitions in aerospace and XiDA and the completion of the Akkodis divestment.

AXISCADES reported FY26 revenue growth of 12.4% and EBITDA growth of 24.6% with margin expansion to 15.3%, while Q4 results were affected by a revenue recognition deferment, portfolio restructuring costs, and a higher tax base. Management explained that 142 crores of Q4 revenue shifted into FY27 due to supply chain disruptions and a divestment-related transition, and that reported PAT declined 4.3% year-on-year despite operating growth. The company also detailed a divestment of its heavy engineering, energy, and automotive practice to Akkodis, the creation of a new subsidiary called Xida Inc, and capacity investments in Devanahalli and Hyderabad.