Axiscades Engineering Technologies , a leading player in the aerospace, defense, and engineering services sectors, has reported robust financial results for the second quarter of fiscal year 2026, alongside the launch of an ambitious growth strategy.

Financial Highlights

The company delivered impressive quarterly results, with consolidated revenue reaching Rs. 299.00 crores, marking a 13% year-on-year growth and a substantial 22.7% sequential increase. EBITDA for the quarter stood at an all-time high of Rs. 47.00 crores, up 41.5% year-on-year, with EBITDA margins expanding to 15.7%. Profit after tax (PAT) showed remarkable growth, reaching Rs. 23.00 crores, an 89% year-on-year increase.

For the first half of FY26, AXISCADES reported:

• Revenue of Rs. 543.00 crores, up 11.2% year-on-year
• EBITDA of Rs. 81.00 crores, a 25.7% increase, with margins improving to 14.9%
• PAT of Rs. 44.00 crores, up 51.6% over last year

The company's core domains - aerospace, defense, and ESAI (Embedded Systems, Artificial Intelligence) - contributed 75% of H1 revenues and delivered EBITDA margins of 19%.

Power 930 Initiative

AXISCADES has launched its ambitious Power 930 initiative, targeting Rs. 9,000.00 crores in revenue by 2030. The company aims to achieve this through:

1. 40% annual growth in core aerospace, defense, and ESAI segments over FY26-27
2. 70% growth acceleration through new manufacturing facilities from FY28-30

Dr. Sampath Ravinarayanan, Founder, Chairman & Managing Director, stated, "We are on track to achieve about 45% growth in our core domains this financial year, FY26, and the same 45% growth in our overall EBITDA. We have forecast visibility to achieve similar numbers for FY2027."

Strategic Investments and Expansion

To support its growth plans, AXISCADES is investing in world-class infrastructure and facilities:

1. Devanahalli Aeroland Facility: A 165,000 square feet facility for electronic semiconductors, artificial intelligence, and test systems is now partially operational.

2. Devanahalli Atmanirbhar Complex: Work has begun on this ambitious 3 million square feet complex, which aims to be among India's best private sector facilities for radar, unmanned warfare, and offset fulfillment.

3. Hyderabad Missile Facility: A new facility focused on missile development and manufacturing.

The company plans to invest approximately Rs. 1,500.00 crores over the next three years across these facilities.

Focus Areas and Partnerships

AXISCADES is concentrating on three major areas in the defense sector:

1. Missiles: End-to-end development, including rocket motors, seekers, and onboard electronics.
2. Radars and Antennas: Focusing on full-scale large radars and maintenance.
3. Unmanned Systems: Including counter-drone systems, laser-kill technology, and ammunitions.

The company has also signed strategic partnerships with various foreign OEMs and technology leaders to tap into growing demand for cutting-edge solutions.

Outlook

Shashidhar SK, Chief Financial Officer, expressed confidence in achieving the FY26 guidance for both revenue and profitability. The company's shift from a service-centric to a solutions- and products-driven model is already visible in improved revenue mix and margin expansion.

AXISCADES remains focused on delivering long-term value for all stakeholders as it advances towards its Power 930 vision, with a strong order book and strategic alliances supporting its growth trajectory.

Axiscades Engineering Technologies Limited and Altera Corporation have announced an expansion of their strategic partnership, focusing on the development of mission-critical defense applications. This move signifies a strengthening of collaboration between the two companies in the defense sector.

Partnership Details

The agreement, signed between AXISCADES Technologies and Altera Corporation, aims to enhance their joint efforts in creating key defense applications. Altera Corporation, known as a major FPGA (Field-Programmable Gate Array) solutions provider, has chosen to deepen its ties with AXISCADES, an Indian technology solutions company.

Implications for Defense Technology

This expanded partnership may lead to advancements in:

• Mission-critical defense systems
• FPGA-based solutions for defense applications
• Collaborative research and development in defense technology

Corporate Disclosure

AXISCADES Technologies Limited has officially disclosed this partnership expansion to the stock exchanges, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made public through a media release.

Market Impact

While the financial terms of the agreement have not been disclosed, this strategic move may have implications for both companies:

The expanded partnership between AXISCADES Technologies and Altera Corporation underscores the growing importance of collaborative efforts in developing cutting-edge defense technologies. As geopolitical dynamics continue to evolve, such strategic alliances may play a crucial role in shaping the future of defense capabilities.