AXISCADES Technologies Limited shares rallied 5 per cent to hit an intraday high of ₹1,557.50 on the National Stock Exchange during Friday’s trading session, following the company’s robust second-quarter financial results. The stock opened at ₹1,555 against the previous close of ₹1,483.40, with trading volumes reaching 0.86 lakh shares by afternoon.
The aerospace and defense company reported consolidated revenues of ₹299 crores for Q2FY26, marking 13 per cent year-on-year growth. EBITDA jumped 41.5 per cent to ₹47 crores, with margins expanding significantly to 15.7 per cent from 12.6 per cent in the corresponding quarter last year. Profit after tax nearly doubled to ₹23 crores from ₹12 crores, delivering an 88.9 per cent year-on-year increase.
Core business segments demonstrated strong momentum, with defense revenues growing 37 per cent and aerospace advancing 16 per cent compared to Q2FY25. The company’s half-year performance was equally impressive, with revenues at ₹543 crores and PAT of ₹44 crores.
Dr. Sampath Ravinarayanan, Founder Chairman and Managing Director, outlined the company’s ambitious Power930 initiative targeting ₹9,000 crore revenues by FY2030. The strategy includes shifting from service-centric operations to product-focused solutions and expanding infrastructure, including the 3 million square feet Devanahalli Atmanirbar Complex.
With a market capitalization of ₹6,619 crores and the stock trading significantly above its 52-week low of ₹420.90, investor sentiment remains bullish on the company’s growth trajectory in the defense and aerospace sectors.