Axiscades Technologies Ltd

AXISCADES Technologies Limited completed the acquisition of 90% of the share capital of Cloud Wave Technologies Private Limited for a purchase consideration of INR 234 crore, along with the indirect acquisition of 90% of the share capital of Cloud Wave’s wholly owned subsidiaries, Protohubs System Solutions Private Limited and Aureate Polymet Private Limited. The acquisition, executed on September 10, 2026, is intended to expand AXISCADES’s capabilities in aerospace manufacturing and offer integrated engineering-plus-manufacturing solutions to customers. Cloud Wave, Protohubs, and Aureate have become subsidiaries of AXISCADES, with Protohubs and Aureate becoming step-down subsidiaries.

AXISCADES Technologies Limited, formerly AXISCADES Engineering Technologies Limited, will hold a board meeting on September 5, 2026, to consider and approve raising funds through the issuance of secured, unlisted, redeemable, non-convertible debentures (NCDs) with a value up to Rs 200 crore.

AXISCADES Technologies Limited announced it will acquire 90% of the equity share capital of Bengaluru-based Cloud Wave Technologies Private Limited, a precision engineering and manufacturing company, for approximately Rs 234 crore, valuing the enterprise at approximately Rs 260 crore. The acquisition, expected to be completed by September 30, 2026, is part of AXISCADES’ strategy to transition toward aerospace manufacturing and offer integrated engineering-plus-manufacturing solutions, with the remaining 10% of Cloud Wave’s equity potentially acquired later. Cloud Wave, incorporated in 2014, reported a turnover of Rs 107.78 crore for fiscal year 2025-2026.

AXISCADES Technologies Limited’s Q1 FY27 results reflect the impact of its recent divestment of the aerospace business, with management emphasizing proforma annualized figures to assess underlying performance. The company anticipates completing the acquisition of XiDA, which includes key customers in the semiconductor and AI sectors, in the second quarter of fiscal year 2027. AXISCADES is targeting a revenue of Rs 1377 crore and plans to regain the Rs 74 crore of aerospace EBITDA previously divested, alongside further growth. The company’s order book remains strong, particularly in the defense sector, with a forecast visibility of Rs 4,557 crore, and is pursuing partnerships to be announced at upcoming space industry events.

AXISCADES Technologies Ltd share price softened by 0.05% to Rs 1544.6 after the company's net profit witnessed a sharp fall of 3700% to Rs 14.76 crore, while revenue from operations increased sharply by 68.41% to Rs 183.35 crore in Q2FY26 over Q1FY26. The market capitalization of Aerospace & Defense industry group stocks on BSE stood at Rs 8.16 lakh crore, tanking 47.97%. It has inched up 0.44% over last one week and ticked higher by 7.28% in last one month while the market capitalization of AXISCADES Technologies Ltd has slipped by 5.35% and 24.88% in the same period respectively. Profit before tax (PBT) of AXISCADES Technologies Ltd stood at Rs 14.15 crore in Q2 FY26, plunging by 162.81% year-on-year, and nosediving by 2012.16% quarter-on-quarter. EBITDA came in at Rs 6 crore, tumbling by 901.30% YoY and crashing by 557.04% sequentially. Total expenses witnessed a sharp rise of 54.88% to Rs 183.42 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 63.43 crore, dropping by 18.71% YoY, while employee benefits expense was at Rs 48.3 crore, witnessing a strong rise of 28.66% YoY. For the TTM ended FY26, revenue from operations inched higher 7.92% to Rs 1030.72 crore, while net profit soared by 125.32% to Rs 75.28 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 12811% to Rs 121.6 crore, and PBT surged 65.07% to Rs 87.52 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 88.34 crore in FY26, as against Rs 78.93 crore in FY25. AXISCADES Technologies Ltd rallied 28.32% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

AXISCADES Technologies Limited announced that Mariam Mathew has resigned as a Non-Executive, Independent Director, effective August 11, 2026, due to increased family commitments. Simultaneously, the company appointed Ashmita Sethi as an Additional Director in the category of Non-Executive, Independent Director, also effective August 11, 2026, subject to shareholder approval, with a term of three years. Sethi, previously President & Country Head of Pratt & Whitney (RTX) India, brings over 25 years of experience in the aerospace and defense industry.

AXISCADES Technologies Limited will hold a board meeting on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, which will be submitted to the National Stock Exchange of India Limited and BSE Limited, and the trading window for the company's shares will remain closed until August 15, 2026.

AXISCADES Technologies has completed the acquisition of the land/plot measuring 32,847 Sq. Mts, situated at IP Hardware Park Phase II, Mamidipally village of Balapur Mandal, Rangareddy District, Telangana from the Telangana State Industrial Infrastructure Corporation (TSIIC).

The board of AXISCADES Technologies at its meeting held on 29 June 2026 has approved the appointment of Abhay Maheshwari (DIN: 08004819) as an Additional Director in the category of Non Executive, Non-Independent Director of the Company with effect from 29 June 2026.

The board of AXISCADES Technologies at its meeting held on 12 June 2026 has approved the transfer of the business comprising the provision of 'Engineering Services' in the Aerospace industry (Transferring Business) by the Company, its branches in Germany (German Branch) and France (France Branch), and its subsidiaries namely, Cades Studec Technologies (India) (CSTI), AXISCADES GmbH (ATL Germany), AXISCADES UK (ATL UK), AXISCADES Technology Canada Inc. (ATL Canada) and AXISCADES Inc (ATL US) to Akkodis Group AG and its subsidiary Akkodis India (Proposed Transaction).