AXISCADES Technologies will hold a meeting of the Board of Directors of the Company on 12 November 2024.Powered by Capital Market - Live

AXISCADES Technologies has announced the appointment of Dr. Sampath Ravinarayanan as a Non-Executive Director on its Board. Dr. Ravinarayanan, who is a prominent figure in the Indian aerospace and defence sector, has an extensive and distinguished career spanning over four decades in the industry. He previously served as the CEO and Chairman of AXISCADES Technologies Ltd. until 2014, where he was instrumental in securing and implementing the Airbus Fuselage Development Centre contract. During his tenure, he also successfully spearheaded the Mirage2000 midlife extension project in collaboration with Thales International and MBDA, France. He also founded Microcon Instruments and Systems in 1983, which became one of the first private companies in India to participate in defence programs.Powered by Capital Market - Live

AXISCADES Technologies will hold a meeting of the Board of Directors of the Company on 26 September 2024.Powered by Capital Market - Live

AXISCADES Technologies has appointed Lt Gen Codanda Poovaiah Cariappa (DIN: 10777872) and Rajendra Chandrakantrao Moholkar (DIN: 10779370) as Additional Directors in the category of Non- Executive, Independent Directors on the Board of the Company with effect from the start of the business hours of 19 September 2024. Powered by Capital Market - Live

Gautam Gems Ltd, Samor Reality Ltd, Goodluck India Ltd and Speciality Restaurants Ltd are among the other losers in the BSE's 'B' group today, 03 September 2024.AXISCADES Technologies Ltd lost 11.34% to Rs 586.2 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 93399 shares were traded on the counter so far as against the average daily volumes of 33608 shares in the past one month.Gautam Gems Ltd tumbled 6.68% to Rs 8.52. The stock was the second biggest loser in 'B' group.On the BSE, 20.25 lakh shares were traded on the counter so far as against the average daily volumes of 1.96 lakh shares in the past one month.Samor Reality Ltd crashed 6.04% to Rs 97.25. The stock was the third biggest loser in 'B' group.On the BSE, 9755 shares were traded on the counter so far as against the average daily volumes of 13998 shares in the past one month.Goodluck India Ltd corrected 5.77% to Rs 1142.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 20194 shares were traded on the counter so far as against the average daily volumes of 32831 shares in the past one month.Speciality Restaurants Ltd plummeted 5.25% to Rs 176. The stock was the fifth biggest loser in 'B' group.On the BSE, 8919 shares were traded on the counter so far as against the average daily volumes of 11390 shares in the past one month.Powered by Capital Market - Live

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