{"id":1996,"date":"2023-05-30T12:41:50","date_gmt":"2023-05-30T12:41:50","guid":{"rendered":"https:\/\/tejgujarati.com\/?p=1996"},"modified":"2023-05-30T12:41:57","modified_gmt":"2023-05-30T12:41:57","slug":"axiscades-delivers-highest-ever-revenue-and-robust-improvement-in-operating-metrics","status":"publish","type":"post","link":"https:\/\/tejgujarati.com\/?p=1996","title":{"rendered":"AXISCADES delivers highest ever Revenue and robust improvement in Operating Metrics"},"content":{"rendered":"<p>FY 2023<br \/>\nRevenue<br \/>\nRs. 8,136 Mn \t33.7%\t\tEBITDA<br \/>\nRs.1,375Mn \t100.1%\t\tEBITDA Margin<br \/>\n16.9%561 bps<\/p>\n<p>Q4 FY23 (Y-o-Y)<br \/>\nRevenue<br \/>\nRs. 2,232 Mn 16.3%\t\tEBITDA<br \/>\nRs. 440Mn \t56.8%\t\tEBITDA Margin<br \/>\n19.7%508bps<br \/>\nAXISCADES Technologies Ltd. [AXISCADES a leading end to end engineering and technology solutions provider,catering to Aerospace, Defence, Heavy Engineering, Automotive, Energy, Medical &#038; Healthcare sectors, serving Global OEMs, today announced results for the quarter and financial year ended March 31, 2023.<br \/>\nPerformance Highlights<br \/>\n(All Numbers in INR Millions except % data)<br \/>\nParticulars\tQ4 FY23\tQ4 FY22\tQ3 FY23\tYoY\tQoQ\tFY23\tFY22\tYoY<br \/>\nOperating Revenue\t2,232\t1,919\t2,134\t16.3%\t4.6%\t8,136\t6,084\t33.7%<br \/>\nEBITDA\t440\t281\t296\t56.8%\t48.6%\t1,375\t687\t100.1%<br \/>\nEBITDA Margin*\t19.7%\t14.6%\t13.9%\t508 BPS\t584 BPS\t16.9%\t11.3%\t561BPS<br \/>\nPAT\t160\t106\t(102)\t50.7%\tNA\t(48)\t227\t(121.2%)<br \/>\nAdjusted PAT**\t160\t123\t134\t30.0%\t20.1%\t632\t244\t159.5%<\/p>\n<p>Key Operational Highlights:<br \/>\n\u2022\tSigned a strategic partnership with Mangal Industries Limited, a part of the Amara Raja Group. This strategic collaboration with Mangal Industries will leverages AXISCADES\u2019 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<br \/>\n\u2022\tAwarded by Bosch as \u201cThe Rising Star\u201d in the Embedded Electronics Category during their maiden Enrico Partner day, an exclusive event held for Bosch\u2019 strategic partner<br \/>\nCommenting on the results and outlook, Mr. Arun Krishnamurthi, CEO &#038; MD of AXISCADES said:<br \/>\n\u201cI am delighted to report that our three-pronged strategy of \u2018vertical diversification, customer diversification and digital first\u2019is showing results. The quarter &#038; year under review marks a significant achievement, with AXISCADES clocking its highest ever quarterly &#038; 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 &#038; 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FY 2023 Revenue Rs. 8,136 Mn 33.7% EBITDA Rs.1,375Mn 100.1% EBITDA Margin 16.9%561 bps Q4 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1996","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AXISCADES delivers highest ever Revenue and robust improvement in Operating Metrics - Tej Gujarati<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tejgujarati.com\/?p=1996\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AXISCADES delivers highest ever Revenue and robust improvement in Operating Metrics - 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