Results - Announcements
AXISCADES Technologies Ltd share price slipped 0.19% to Rs 1914.95 after the company's net profit tanked by 420.46% to Rs 47.3 crore, while revenue from operations improved marginally 6.68% to Rs 195.6 crore in Q2FY27 over Q2FY26.
The market capitalization of Aerospace & Defense industry group stocks on BSE stood at Rs 8.9 lakh crore, jumping 32.29%. It has improved by 0.69% over last one week and dipped slightly by 2% in last one month while the market capitalization of AXISCADES Technologies Ltd has inched up 7.60% and 29.52% in the same period respectively.
Profit before tax (PBT) of AXISCADES Technologies Ltd stood at Rs 43.17 crore in Q2 FY27, rallying 25.20% year-on-year, and tanking 405.09% quarter-on-quarter. EBITDA came in at Rs 3 crore, nosediving by 86.55% YoY and plunging by 57.70% sequentially.
Total expenses saw a slight increase of 9.83% to Rs 201.45 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 97.59 crore, soaring by 53.85% YoY, while employee benefits expense was at Rs 66.01 crore, soaring 36.67% YoY.
For FY26, revenue from operations tumbled 48.48% to Rs 531.05 crore, while net profit witnessed a sharp fall of 109.92% to Rs 7.47 crore, compared to previous FY. EBITDA soared by 10580% to Rs 38.9 crore, and PBT collapsed by 97.49% to Rs 2.2 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 1.36 crore in FY26, as against Rs 88.34 crore in FY25.
AXISCADES Technologies Ltd jumped 35.77% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 3.03% during the same period.