FY 2023
Revenue
Rs. 8,136 Mn 33.7% EBITDA
Rs.1,375Mn 100.1% EBITDA Margin
16.9%561 bps
Q4 FY23 (Y-o-Y)
Revenue
Rs. 2,232 Mn 16.3% EBITDA
Rs. 440Mn 56.8% EBITDA Margin
19.7%508bps
AXISCADES Technologies Ltd. [AXISCADES a leading end to end engineering and technology solutions provider,catering to Aerospace, Defence, Heavy Engineering, Automotive, Energy, Medical & Healthcare sectors, serving Global OEMs, today announced results for the quarter and financial year ended March 31, 2023.
Performance Highlights
(All Numbers in INR Millions except % data)
Particulars Q4 FY23 Q4 FY22 Q3 FY23 YoY QoQ FY23 FY22 YoY
Operating Revenue 2,232 1,919 2,134 16.3% 4.6% 8,136 6,084 33.7%
EBITDA 440 281 296 56.8% 48.6% 1,375 687 100.1%
EBITDA Margin* 19.7% 14.6% 13.9% 508 BPS 584 BPS 16.9% 11.3% 561BPS
PAT 160 106 (102) 50.7% NA (48) 227 (121.2%)
Adjusted PAT** 160 123 134 30.0% 20.1% 632 244 159.5%
Key Operational Highlights:
• Signed a strategic partnership with Mangal Industries Limited, a part of the Amara Raja Group. This strategic collaboration with Mangal Industries will leverages AXISCADES’ proven capabilities in engineering services and take it to the next level, with cutting edge product design, manufacturing engineering and Industry 4.0 solutions for our combined clientele
• Awarded by Bosch as “The Rising Star” in the Embedded Electronics Category during their maiden Enrico Partner day, an exclusive event held for Bosch’ strategic partner
Commenting on the results and outlook, Mr. Arun Krishnamurthi, CEO & MD of AXISCADES said:
“I am delighted to report that our three-pronged strategy of ‘vertical diversification, customer diversification and digital first’is showing results. The quarter & year under review marks a significant achievement, with AXISCADES clocking its highest ever quarterly & full year revenue in the history of the company along with significant improvement in profitability. Our integration with Mistral business is progressing as per plan and we continue to synergize our offerings to our current and potential customer base, across the group. We are constantly raising the bar with our digital first strategy and engaging deeply with our clients. Our robust order book and long-term contracts with global majors in aerospace, heavy engineering, aerospace & defence sectors will enable us to grow holistically. In FY24 our focus will be to further consolidate our business, to make it sustainable and profitable.”
