AXISCADES Technologies Ltd., an end-to-end engineering and technology solutions provider, has unveiled its fiscal year 2024 results, highlighting a significant milestone in Aerospace revenue. AXISCADES reported a revenue of Rs. 256 crores, 14% increase compared to the same period last year. Sequentially, the revenue surged by 10% from the previous quarter, reaching Rs. 231 crores.
Despite a slight dip in EBITDA to Rs. 32 crores, down by 26% year-on-year, and PAT at Rs. 9 crores, down by 44% year-on-year, AXISCADES has maintained a steady EBITDA margin of 13% and a PAT margin of 3%.
The notable achievement lies in the Aerospace segment, which recorded its highest-ever revenue. This success contributed significantly to the company’s overall performance, with FY24 revenues reaching Rs. 952 crores, a 17% increase from the previous fiscal year.
