Axiscades Engineering Technologies , a leading player in aerospace, defense, and emerging technologies, has unveiled an ambitious growth strategy targeting ₹9,000 crore in revenue by fiscal year 2030. The company also reported robust financial results for the first quarter, demonstrating progress towards its long-term goals.

Ambitious Growth Plans

AXISCADES has announced its 'Power 930 Plan', aiming to achieve ₹9,000 crore (approximately $1 billion) in revenue by FY30. The company plans to drive this growth through:

• Targeting over 40% annual growth across core business domains
• Transitioning from a services-centric model to a product-focused approach
• Investing in world-class infrastructure
• Forming global partnerships in critical areas
• Reassessing and refocusing underperforming activities

Dr. Sampath Ravinarayanan, Chairman of AXISCADES, stated, "We have set an ambitious target of achieving over 40% year-on-year growth across our core business domains. To drive non-linear growth, we are executing a strategic transition from a services-centric model to one focused on products and solutions, targeting a shift in our revenue mix to 20:80 services to product."

Q1 Financial Highlights

For the quarter ended June 30, AXISCADES reported:

*Normalized for one-time write-backs in the previous year

Segment Performance

The company's core domains showed strong growth:

Strategic Outlook

Alfonso Martinez, CEO & MD of AXISCADES, commented on the company's outlook: "We are committed to topline growth of more than 25% and 300 basis points improvement in EBITDA for the current year. To further strengthen our business, we are actively reassessing and refocusing activities that are currently loss-making or operating at lower margins."

Infrastructure Development

AXISCADES is making significant progress in developing new facilities and infrastructure to support its growth strategy. These include:

1. A 160,000 sq.ft facility near Bangalore International Airport, which will house:

   • MBDA Global Competency Centre
   • EMS for Strategic Electronics
   • Mistral HQ relocation

2. An Unmanned Warfare Center in Bangalore, focusing on drone activities and advanced UAV R&D

3. A 20-acre Defense Aerospace Cluster (DAC) in Bangalore, planned to be one of the largest private defense facilities in India

Conclusion

With its ambitious growth plans, strong Q1 performance, and ongoing infrastructure developments, AXISCADES is positioning itself as a key player in the aerospace, defense, and high-tech sectors. The company's focus on transitioning to a product-led model and expanding its core domains demonstrates its commitment to long-term, sustainable growth in these strategic industries.

Axiscades Engineering Technologies , a prominent player in the aerospace and defense sector, has clinched a significant contract worth ₹223.95 crore from the Indian Army. The deal, part of India's 'Atmanirbhar Bharat' (Self-Reliant India) initiative, involves the supply of 212 next-generation 50-ton tank transporter trailers.

Contract Details

The contract, awarded by the Directorate General of Capability Development, Integrated Headquarters of Ministry of Defence (Army), outlines the following key points:

• Quantity: 212 units of 50-Ton Tank Transporter Trailers
• Execution Period: 2 years
• Contract Value: ₹223.95 crore

Strategic Importance

This order is of particular significance as it aligns with India's push for self-reliance in defense manufacturing. The 'Atmanirbhar Bharat' initiative aims to reduce dependency on imports and boost domestic production in critical sectors, including defense.

Company Disclosure

Axiscades Engineering Technologies disclosed this information to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that:

• The contract was awarded to AXISCADES Aerospace & Technologies Private Limited, a wholly-owned subsidiary of Axiscades Engineering Technologies.
• The order is domestic in nature and does not fall under related party transactions.
• Neither the promoter nor the promoter group has any interest in the entity that awarded the contract.

Impact on AXISCADES

This contract represents a significant milestone for Axiscades Engineering Technologies, potentially boosting its position in the defense manufacturing sector. The successful execution of this order could pave the way for more such contracts in the future, contributing to the company's growth and the broader goals of the 'Atmanirbhar Bharat' initiative.

The tank transporter trailers are crucial for the Indian Army's logistical operations, enabling the swift and efficient movement of heavy armored vehicles. This contract underscores the growing capabilities of Indian companies in producing sophisticated defense equipment domestically.

As Axiscades Engineering Technologies gears up to fulfill this substantial order, investors and industry observers will be keenly watching the company's performance and its potential impact on the broader defense manufacturing landscape in India.