Latest news with #AXISCADESTechnologies
Business Standard
20-06-2025
- Business
- Business Standard
AXISCADES Tech gains after inking MoU for defense systems production with Indra
AXISCADES Technologies added 1.91% to Rs 1440 after the company announced the signing of a memorandum of understanding (MoU) with Europe-based Indra for collaborating on the production of solutions for the aerospace and defense markets. Indra is a global leader in defense, aerospace, and strategic systems. The agreement aims to manufacture in India several Indra solutions, such as distance measuring equipment (DME) that provides in-flight information to aircraft, and countermeasure systems, as part of a broader system designed by Indra to protect aircraft in flight from potential missile attacks using guided systems, such as the well-known MANPADS. The company further said that it is evaluating collaboration with Indra in MPA Airborne Solutions and exploring a dedicated partnership for DRDO CABS MRMR and MMMA programs. AXISCADES Technologies is a prominent technology solutions provider in defense, aerospace and strategic electronics.
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Business Standard
19-06-2025
- Business
- Business Standard
Defence stock surges 25% in 1 week; zooms 236% from 52-week low; here's why
AXISCADES Technologies share price AXISCADES Technologies (ACTL) shares continued their upward movement, hitting a new high at ₹1,413.50, and gaining 5 per cent on the BSE in Thursday's intra-day trade. The stock price of this smallcap aerospace & defence company was trading higher for the fifth straight day. In the past one week, it has outperformed the market by surging 25 per cent, as compared to 0.78 per cent rise in the BSE Sensex and 1 per cent decline in the BSE Smallcap index. The market price of ACTL, a leading player in aerospace, defence, electronics, semiconductors and AI, has appreciated by 91 per cent from its April-month low of ₹741.70. It has zoomed 236 per cent from its 52-week low of ₹421.05, hit on November 26, 2024. Thus far in the month of June 2025, ACTL shares surged 36 per cent on the back of positive corporate announcements by the company. On Wednesday, June 18, MBDA and AXISCADES Aerospace & Technologies announced its decision to expand their domains of cooperation. AXISCADES already provides high-end engineering services to several top Aerospace OEMs and is a supplier of the Indian Ministry of Defence. Both companies will examine how these skills can be put to use for the benefit of MBDA. MBDA is a unique multi-national European group in the field of complex weapon systems. On June 16, Indra, a European-based global leader in defense, aerospace, and strategic systems, and ACTL announced a strategic alliance. Both companies are actively exploring joint product development for the Indian and global markets, potentially adapting existing Indra products or creating new ones specifically tailored to meet customer needs, the company said. Meanwhile, ACTL said the company is focusing on identifying synergies between core and non-core in emerging areas through ESAI (Electronic Semiconductors & AI) and recalibrating business towards profitability. ALSO READ | As the company approaches FY26, the management said their priority is to capitalize on the opportunities in emerging sectors like manufacturing, maintenance, repair, and overhaul (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. The company is also evaluating and recalibrating its non-core businesses of heavy engineering, energy and automotive, which are till date negatively impacted by macro factors and are growth and margin dilutive to the enterprise. The company is deploying resources and costs for this transformation, which is expected to be stabilized by Q2 of FY'26. These costs and investments are critical to ensure enterprise readiness to progressively achieve the company's aspirational target of achieving $1 billion revenue by 2030, the management said. ALSO READ | AXISCADES Technologies (ACTL) has a focus on Aerospace, Defense and ESAI (Electronics, Semiconductors and AI). ACTL has offices across the globe. Mistral Solutions Pvt Ltd is its subsidiary with a focus on Chip to Product, Box build and edge computing. Add Solutions is another subsidiary of ACTL based out of Wolfsburg Germany with a focus on Thermal management of AI devices and data centers.
Business Standard
27-05-2025
- Business
- Business Standard
AXISCADES Technologies consolidated net profit rises 253.16% in the March 2025 quarter
Sales rise 4.75% to Rs 267.97 crore Net profit of AXISCADES Technologies rose 253.16% to Rs 30.76 crore in the quarter ended March 2025 as against Rs 8.71 crore during the previous quarter ended March 2024. Sales rose 4.75% to Rs 267.97 crore in the quarter ended March 2025 as against Rs 255.81 crore during the previous quarter ended March 2024. For the full year,net profit rose 128.41% to Rs 74.94 crore in the year ended March 2025 as against Rs 32.81 crore during the previous year ended March 2024. Sales rose 7.92% to Rs 1030.72 crore in the year ended March 2025 as against Rs 955.12 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 267.97255.81 5 1030.72955.12 8 OPM % 13.9712.70 - 13.8213.95 - PBDT 32.9725.44 30 130.9786.81 51 PBT 23.4115.92 47 91.3853.02 72 NP 30.768.71 253 74.9432.81 128
Business Standard
24-04-2025
- Automotive
- Business Standard
AXISCADES appoints Anurag Sharma as CEO of add-solution GmbH
AXISCADES Technologies announced the appointment of Anurag Sharma as CEO of add-solution GmbH, a Germany-based subsidiary of AXISCADES specializing in Wiring harness design & testing for aerospace, automotive and industrial sectors. add solution GmbH also leads the Specialized Drone development and Thermal management offering of AXISCADES group in Europe. Anurag Sharma, alumnus of IIT Roorkee joins as CEO of add-solution, bringing more than three decades of multifaceted experience across Product Development, Sales & Business Development, P&L Management, and the successful execution of large-scale engineering programs. He began his career with L&T, contributing to a prestigious national project for the Indian Defense. Anurag's leadership journey spans global organizations such as Siemens Technology, Segula Technologies, Altran India, Ansys India and Altair Engineering. Notably setting up the India presence of Segula Technologies as Managing Director, he secured business mandates in localization and industrialization programs and led their seamless execution. His deep domain expertise across Electronics, Semiconductor and Digitalization sectors have enabled collaborations with global OEMs and Tier 1 players. He has also worked extensively on Digital manufacturing and Smart infrastructure initiatives in the Metals and Oil & Gas sectors across the Middle East.
