Bengaluru, India, 27th May 2025: AXISCADES Technologies Ltd. (BSE: 532395 | NSE: AXISCADES), a leading player in Aerospace, Defence, Electronics, Semiconductors and AI today announced financial results for the 4th quarter and full year FY25.
Key Financial Highlights: Q4 FY25
- Revenue at ₹ 268 crores
- EBITDA at ₹ 37 crores
- PAT at ₹ 31 crores
Key Financial Highlights: FY25
- Revenue At ₹ 1,031 cores
- EBITDA At ₹ 142 crores
- PAT at ₹ 75 crores
Consolidated Financial Highlights
(all numbers in INR crores except % data)
| Particulars | Q4FY24 | Q3FY25 | Q4 FY25 | YoY | QoQ | FY24 | FY25 | YoY |
| Revenue from Operations | 256 | 275 | 268 | 4.8% | -2.4% | 955 | 1,031 | 7.9% |
| EBITDA | 32 | 40 | 37 | 15.2% | -7.3% | 133 | 142 | 6.9% |
| EBITDA Margin | 12.7% | 14.7% | 14.0% | 130 bps | – 70 bps | 14.0% | 13.8% | -20 bps |
| Adj. EBITDA | 32 | 43 | 45 | 38.3% | 5.5% | 133 | 156 | 17.1% |
| Adj. EBITDA margin | 12.7% | 15.5% | 16.8% | 410 bps | 130 bps | 14.0% | 15.1% | 110 bps |
| Profit after Tax | 9 | 15 | 31 | 250.1% | 113.0% | 33 | 75 | 125.3% |
| Diluted EPS (₹) | 2.0 | 3.4 | 7.2 | 267.4% | 108.5% | 7.7 | 17.2 | 122.5% |
Business Highlights – Q4 FY25
- The core domain’s, comprising Aerospace, Defence, and ESAI (Electronic Semiconductors & AI), demonstrated robust growth of 12% YoY, with Q4FY25 revenue reaching ₹ 198 crore, compared to ₹177 crore in Q4FY24
- This strong performance was primarily driven by robust 64% YoY growth in ESAI and a 7% YoY growth in the Defence segment, Aerospace remained flat YoY
- The core domain’s EBITDA demonstrated strong growth of 80% YoY, with 790 basis points margin expansion. Core EBITDA amounted to ₹41 crore, up from ₹23 crore in Q4 FY24.
- All the business in the core verticals, posted significant margin expansion on a YoY basis. Aerospace, Defence and ESAI grew by 800 bps, 500 bps and 1300 bps respectively. The Q4FY25 margins stood as 22.4%, 15.9% and 27.6% for Aerospace, Defence and ESAI respectively
- The non-core business, constituting Heavy Engineering, Automotive and Energy Domains, experienced a -12% YoY, decline with revenue decreasing from ₹ 79 crore in Q4FY24 to ₹70 crore in Q4FY25. due to macro and customer specific factors
- The non-core segment reported a negative EBITDA of ₹ -4 crore in Q4FY25, compared to a positive EBITDA of ₹9 crore in Q4FY24, mainly due to losses in automotive business
- The company is focusing on identifying synergies between core and non-core in emerging areas through ESAI and recalibrating business towards profitability
Financial Highlights – Q4 FY25
- Q4FY25 reflects robust operational performance and improved profitability, underpinned by healthy performance in key verticals
- The Revenue from operations for Q4 FY25 stood at ₹268 crore, up 4.8% YoY, driven by strong growth in the ESAI and Defence vertical
- Reported EBITDA grew by 15.2% YoY at ₹37crore.
- Adjusted EBITDA excluding non- recurring one offs surged 38.3% YoY to ₹45 crore
- Adjusted EBITDA margin expanded 410 bps to 16.8% up from 12.7% in Q4FY24
Business Highlights – FY25
- Revenues from the Core Domain increased by 12% YOY, primarily fueled by the Defense (+16%) and Aerospace (+13%) sectors
- For FY25, EBITDA rose by 13% in Defense and 20% in Aerospace, consistent with our narrative of Core versus Non-core domains
- Non-core Domain faced a decline of -3%, influenced by macroeconomic factors in the automotive industry & shifts in customer priorities within Heavy Engineering, though this was somewhat mitigated by growth in the energy sector
- Our consolidated Revenue per Employee metric grew by 18% YoY
On the Strategic outlook for the business, Dr. Sampath Ravinarayanan, Chairman said:
“My first tenure in the company, between 2008-2012, saw accelerated growth, averaging 60% CAGR. In this period, we established ourselves as Pioneers and Leaders in Aerospace and Defence, by winning and executing prestigious contracts, such as, Airbus Design and COE, Mirage 2000 Upgrade program etc. After over a decade of hiatus, I am back as Chairman and Chief Mentor of the company, which I established, with the principal objective to bring about Year- on- Year ‘Step Growth’ in Revenue and Margins, and at the same time, achieve Leadership Position in our core areas, namely, Defence, Aerospace and ESAI.
Commenting on the performance, Alfonso Martinez; CEO & MD said that:
“In my first year as a CEO of AXISCADES, I am pleased to report in FY25, an 8% increase in revenue and 17% increase in adjusted EBITDA over the previous year. Our revenue stood at ₹1,031Cr and adjusted EBITDA stood at ₹156Cr, adjusted for one off expenses incurred in FY25. With this, we have crossed the milestone of ₹1,000Cr in revenues. Our profit after tax (PAT) at ₹75Cr / 7.2% has seen a two-fold rise in both absolute numbers and margin, with consequent doubling of EPS. This is in furtherance of our commitment to maximize shareholder value. Also, in our core verticals of Aerospace, Defense and ESAI, our revenues grew 12% YoY and EBITDA grew by 15%, both in absolute numbers.
Reflecting upon Q4’25 that has gone by, which is also my first quarter, I feel confident on the company’s strengths and potential for future growth, in the verticals we serve, and we are committed to offering complex and innovative solutions to our clients.
As we approach FY26, our priority is to capitalize on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defense technologies, including unmanned warfare, to bring about non-linear, product led, scalable growth. The company plans to invest significantly in developing new proof of concept and products, with a focus on creating commercially viable assets for future revenue. Our FY26 goals reflect our ongoing commitment to a strategic approach that aims for substantial growth in shareholder and stakeholder value.”
