AXISCADES Technologies Ltd., a leading player in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI), has announced its unaudited financial results for the quarter and nine months ended 31st December 2025, highlighting strong execution and strategic progress.
For Q3FY26, the company reported revenue of ₹343 crores, EBITDA of ₹63 crores, and Profit After Tax (PAT) of ₹28 crores. For the nine months ended FY26 (9MFY26), revenue stood at ₹886 crores, EBITDA at ₹144 crores, and PAT at ₹72 crores.
On a consolidated basis, revenue from operations for Q3FY26 rose to ₹343 crores, reflecting a 25.0% year-on-year (YoY) increase and a 14.8% quarter-on-quarter (QoQ) growth, compared with ₹275 crores in Q3FY25 and ₹299 crores in Q2FY26. EBITDA for the quarter increased to ₹63 crores, up 55.3% YoY and 33.3% QoQ, while EBITDA margin expanded to 18.3%, marking an improvement of 360 basis points YoY and 260 basis points QoQ. PAT for Q3FY26 climbed to ₹28 crores, representing an 87.2% YoY and 19.6% QoQ growth, with PAT margin improving to 8.0%.
For 9MFY26, consolidated revenue from operations reached ₹886 crores, up 16.2% YoY from ₹763 crores in 9MFY25. EBITDA for the nine-month period stood at ₹144 crores, a 37.1% YoY increase, with EBITDA margin improving to 16.2%, up 240 basis points YoY. PAT for 9MFY26 was ₹72 crores, a 63.6% YoY growth, while PAT margin improved to 7.9%. Excluding the one-time charge of ₹7.82 crores due to labour code, 9MFY26 PAT stood at ₹79 crores, surpassing the full-year FY25 PAT of ₹75 crores. Diluted EPS for 9MFY26 (not annualized) increased to ₹16.73, up 65.2% from ₹10.13 in the same period of the previous year.
During Q3FY26, total revenue rose by 25% YoY, driven by a 36.0% growth in core domains despite a 9.5% decline in other domains. Defence revenue grew by 50%, aerospace revenue by 28%, and ESAI revenues by 18% compared to the same period last year. Core revenues for the first nine months of 2026 grew 26% YoY. Meanwhile, heavy engineering, automotive, and energy experienced an 8.5% YoY decline, attributed to seasonal furloughs in automotive accounts and reduced billing days in the heavy engineering sector.
The company reported substantial growth in order intake across core businesses and an expanded customer base, with management anticipating sustained momentum in the coming quarters. This outlook is supported by increased procurement from Indian defence agencies and international OEMs. AXISCADES also commissioned its Aeroland facility and commenced construction on DAC land, advancing its transition toward product-led, non-linear growth.
Financially, Q3FY26 EBITDA of ₹63 crores represented the company’s highest operating margin to date. The nine-month EBITDA of ₹144 crores not only grew 37.1% YoY but also surpassed the full-year FY25 EBITDA within nine months. As of 31st December, the company’s Net Worth stood at ₹730 crores, while Net Debt was ₹67 crores.
Commenting on the strategic outlook, Dr. Sampath Ravinarayanan, Founder Chairman & Managing Director, stated that AXISCADES is on track to achieve its FY26 growth objectives, with similar momentum expected for FY27. The company expects a 40–50% year-on-year increase in Earnings Per Share (EPS) for both FY26 and FY27. Guided by its Power930 vision to reach INR 9,000 crore by 2030, AXISCADES is transitioning from a service-led portfolio to one anchored in products, solutions, and manufacturing, targeting over 80% of revenues from manufacturing-driven products and solutions by FY28.
Dr. Ravinarayanan noted that the 165,000 sq.ft Devanahalli Aero Land (DAL) facility is fully operational and has secured partnerships with two global leaders utilizing exclusive laboratory and production spaces. Centers of Excellence (CoE) for MBDA and Indra have also been established at DAL. The Devanahalli Atmanirbar Complex (DAC) is progressing, with radar hangars expected to be ready by Q3 FY27. Additionally, AXISCADES has acquired 8 acres in Hyderabad’s Aerospace Park to set up a missile component manufacturing and integration facility in collaboration with a leading global missile manufacturer.
The company further strengthened its leadership team with the appointment of Mukund Santhanam as Chief Growth Officer and Head of Investor Relations, effective 3rd February. An alumnus of IIT Madras and IIM Ahmedabad, Santhanam brings over three decades of global financial markets experience and will lead growth initiatives and investor engagement.
AXISCADES Technologies Limited (ACTL) is a publicly listed Indian company focused on Aerospace, Defense, and ESAI. The company operates globally, with subsidiaries including Mistral Solutions Pvt Ltd, specializing in Chip to Product, Box build, and edge computing, and Add Solutions, based in Wolfsburg, Germany, focusing on thermal management of AI devices and data centres.
