AXISCADES sees strong Q2 growth, targets INR 9,000 crore revenue by FY2030

AXISCADES Technologies Limited reported consolidated revenues of INR 299 crores for Q2 FY26, a 13.0% YoY increase, and INR 543 crores for H1 FY26, up 11.2% YoY. Profit after tax for Q2 FY26 grew by 88.9% to INR 23 crores, with H1 FY26 PAT reaching INR 44 crores, a 51.6% increase. EBITDA for Q2 FY26 rose 41.5% to INR 47 crores, while H1 FY26 EBITDA increased 25.7% to INR 81 crores, driven by a strategic shift towards product-driven non-linear growth.

The company secured a provisional allotment letter for a 32,862.00 Sq. Mts land/plot in Telangana for a Defense and Engineering Complex, highlighting its focus on infrastructure investment. Core domains of aerospace, defense, and ESAI contributed 75% of H1 revenue, achieving a combined YoY revenue growth of 20.6%. Significant wins include contracts for tank trailers and counter-drone systems for the Indian Army, along with strategic engagements with MBDA and INDRA.

AXISCADES is expanding its capabilities with new production orders for a global semiconductor OEM and forming a tripartite consortium for the AMCA program. Revenue per employee improved by 29% in core domains, reflecting enhanced operational efficiency. The company aims for over 40% year-on-year growth in core business areas for FY26 and FY27, targeting INR 9,000 crore revenue by FY2030.