AXISCADES Technologies announced that the Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live

Mistral Solutions, an AXISCADES Company announced the successful delivery and commissioning of a state-of-the-art Mobile Communication Office Vehicle (MCOV) for the Gujarat State Police. Conceived and initiated by Gujarat Police in response to the Bhuj Earthquake, this innovative solution by Mistral aims to significantly enhance law enforcement and public safety operations during emergencies and disaster situations. The MCOV is envisioned as a pivotal Command, Control, and Communications (C3) resource for first responders, critical infrastructure, and other organizations impacted by catastrophic events. It ensures mission-critical networking capabilities necessary to recover and sustain normal operations. The versatile MCOV can be quickly deployed in various emergency scenarios, including cyclones, floods, earthquakes, and other natural or man-made disasters. It is built to be highly mobile and rapidly deployable, offering a self-contained vehicle that houses all necessary technologies in a preconfigured package. The MCOV is a state-of-the-art solution designed to provide superior capabilities for mission-critical operations. It offers robust satellite and cellular connectivity to ensure uninterrupted communication in any scenario, supported by comprehensive secured wired and wireless data and VoIP network. The vehicle facilitates seamless radio communication and interoperability across multiple frequencies, enhancing coordination among diverse agencies. Equipped with advanced video surveillance and conferencing capabilities, the MCOV enables real-time monitoring and strategic decision-making.Powered by Capital Market - Live

Highview Power is globally renowned for developing long duration energy storage technology from renewable sources. Highview Power, which specializes in liquid air energy storage (LAES), has raised capital to establish its first large-scale project, the Carrington Power Project in Manchester, UK. This project will feature the world's largest LAES facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK. The EPC construction of the Carrington facility is set to commence immediately, with commercial operations planned to begin in 2026. Epcogen has been engaged by Highview Power to provide multi-discipline engineering activities, including process detailing, technical safety, static, rotary, piping, civil & structural, electrical, instruments, and telecom. Epcogen began front-end engineering design (FEED) for the Carrington Power Project in mid-2022. The pre-engineering activities continued until 2024, helping to build investor confidence towards the EPC execution. The project is now moving into the EPC execution stage. In addition to the Carrington facility, Epcogen is also involved in the FEED activities for Highview Power's larger scale facilities. As Highview Power plans its next larger scale facilities with a total capacity of 2.5 GWh, AXISCADES and Epcogen are all set to play a key role in these larger-scale projects. Arun Krishnamurthi, the CEO and MD of AXISCADES, said We are excited to partner with Highview Power on this transformative and pioneering project. This contract represents a significant opportunity to enhance our engineering proficiency and strengthen our commitment to supporting innovative energy solutions that drive sustainability and efficiency. This collaboration is an example of Epcogen and AXISCADES' combined capabilities in delivering complex engineering solutions. We look forward to contributing to the success of the Carrington Power Project and other future initiatives with Highview Power. AXISCADES Technologies provides engineering design services and has been serving various verticals, viz. aerospace, defense, heavy engineering, automobile and industrial products. The company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24. Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. In dollar terms, the company's revenue stood at $26.9 million, up 2.5% YoY. Powered by Capital Market - Live

AXISCADES Technologies announced that its subsidiary, Epcogen, has been awarded a long-term contract by Highview Power, a British energy storage technology producer. Highview Power is globally renowned for developing long duration energy storage technology from renewable sources. Highview Power, which specializes in liquid air energy storage (LAES), has raised capital to establish its first large-scale project, the Carrington Power Project in Manchester, UK. This project will feature the world's largest LAES facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK. The EPC construction of the Carrington facility is set to commence immediately, with commercial operations planned to begin in 2026. Epcogen has been engaged by Highview Power to provide multi-discipline engineering activities, including Process Detailing, Technical Safety, Static, Rotary, Piping, Civil & Structural, Electrical, Instruments, and Telecom. Epcogen began Front-End Engineering Design (FEED) for the Carrington Power Project in mid-2022. The pre-engineering activities continued until 2024, helping to build investor confidence towards the EPC execution. The project is now moving into the EPC execution stage. In addition to the Carrington facility, Epcogen is also involved in the FEED activities for Highview Power's larger scale facilities. As Highview Power plans its next larger scale facilities with a total capacity of 2.5 GWh, AXISCADES and Epcogen are all set to play a key role in these larger-scale projects. Highview Power's main corporate office in the UK will oversee the contract's Process Technology and Project Management, while its Dubai office will manage the Procurement & Project Engineering related to major equipment supply and detailed engineering to support field construction. Epcogen's ongoing collaboration with Highview Power marks a significant step forward in advancing global energy storage solutions. Powered by Capital Market - Live

Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. In dollar terms, the company's revenue stood at $26.9 million, up 2.5% YoY. EBITDA for Q1 FY25 was at Rs 31 crore as compared to Rs 33 crore in Q1 FY24, down 5.8% YoY. EBITDA margin was at 13.9% in Q1 FY25 as against 15.4% in Q1 FY24. Arun Krishnamurthi, CEO & MD of AXISCADES, said: 'We are pleased to report a strong start to FY25, highlighted by noteworthy business performance in Q1FY25, in the face of macro challenges in certain verticals and lumpiness in Defence. The company's YOY revenue grew by 4.5% to Rs 223 crore with EBITDA of Rs 31 crore and PAT of Rs 17 crore. The revenue growth was driven by a 15% YoY increase in Engineering Services, led by Aerospace, Automotive, and Energy Verticals. Defence production revenues grew 73% YOY, with a strong order book for execution in FY25. Overall, the company performed well in Q1, across most verticals, with the exception of Heavy Engineering and PES, where macroeconomic challenges persist. We are focused on overcoming the challenges in certain verticals and are confident of delivering to our company's plan for the full year FY25 and will continue to strengthen the business for sustainable growth and profitability. AXISCADES Technologies provides engineering design services and has been serving various verticals, viz. aerospace, defense, heavy engineering, automobile and industrial products. Powered by Capital Market - Live

Net profit of AXISCADES Technologies rose 204.28% to Rs 17.07 crore in the quarter ended June 2024 as against Rs 5.61 crore during the previous quarter ended June 2023. Sales rose 4.50% to Rs 223.26 crore in the quarter ended June 2024 as against Rs 213.64 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales223.26213.64 5 OPM %14.0215.90 - PBDT33.4915.56 115 PBT24.218.48 185 NP17.075.61 204 Powered by Capital Market - Live

AXISCADES Technologies will hold a meeting of the Board of Directors of the Company on 6 August 2024.Powered by Capital Market - Live

AXISCADES Technologies announced the appointment of Tanmoy Chakrabarty as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company with effect from 13 July 2024.Powered by Capital Market - Live