AXISCADES Engineering Technologies

At 12:10 PM, Axiscades Technologies shares continued to remain locked in the 5 per cent upper circuit at ₹1,483.70 per share. In comparison, the BSE Sensex was trading 0.37 per cent higher at 84,780.

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, ...

Engineering solutions provider Axiscades Technologies Ltd (ACTL) on Thursday said Care Ratings has upgraded its ratings on the company's long-term bank facilities, on account of factors, including improvement in capital structure and stable operational performance. "Care Ratings has upgraded its long-term bank facilities at CARE A- with a stable outlook and short-term facilities at CARE A2+ from CARE BBB+ - stable and CARE A2, respectively," Axiscades Technologies said in a statement. The ratings agency has taken into account factors like improvement in the capital structure of the company following a fundraise of Rs 203 crore in January, stable operational performance in the April-December period of FY24 among others while upgrading the ratings, the statement said. Of Rs 203 crore, the company earmarked Rs 158 crore for debt repayment while the balance Rs 45 crore is for utilisation towards general corporate purposes. ACTL CEO and MD Arun Krishnamurthi said, "This upgrade reaffirm

Engineering solutions provider Axiscades Technologies has posted a 55 per cent jump in its consolidated net profit to Rs 16.05 crore in the fourth quarter ended March 2023, backed by higher income. It had clocked a net profit of Rs 10.64 crore during the January-March quarter of the preceding 2021-22 fiscal, the company said in a regulatory filing on Thursday. The company's total income rose to Rs 222.07 crore in the March 2023 quarter from Rs 195.55 crore in the year-ago period. In a statement, the company said it has also signed a strategic partnership with auto components maker Mangal Industries Ltd, a part of the Amara Raja Group, to provide engineering services. Its CEO and MD Arun Krishnamurthi said: "The quarter & year under review mark a significant achievement along with significant improvement in profitability. Our integration with Mistral business is progressing as per plan and we continue to synergise our offerings to our current and potential customer base across the .

Axiscades is owned majorly by Jupiter Capital, an investment company run by Rajeev Chandrasekhar, and entrepreneur and Member of Parliament

The stock rallied 11% to Rs 197 in early morning trade, extending its previous day's 10% surge on the BSE.