AXISCADES Technologies Ltd share Price

Q2FY23 Quarterly Result Announced for AXISCADES Technologies Ltd.

BPO/KPO company AXISCADES Technologies announced Q2FY23 results:

• Q2FY23:
  • Revenue up 43% to Rs 1,937 million
  • EBITDA up 238% to Rs 374 million
  • PAT up 660% to Rs 211 million
• H1 FY23:
  • Revenue up 53% to Rs 3,769 million
  • EBITDA up 180% to Rs 601 million
  • Adjusted PAT up 723% to Rs 338 million

David Bradley, Chairman of AXISCADES, said: “We are happy to consistently raise the bar with our performance in FY23. Our focus remains on generating growth while also driving profitability. I am proud of the team’s consistent efforts to execute at the highest level. This is well appreciated by our clients, and we are looking to exploiting cross selling opportunities to increase wallet share. I am convinced about the capability of India to be the leading provider of engineering solutions to global industries. AXISCADES is in a prime position to capture the opportunities and aims to generate value over the long term for all stakeholders.”

Arun Krishnamurthi, CEO & MD of AXISCADES, said “We are proud to have delivered a stellar performance registering a strong growth in revenue while generating substantially high profit. The future of automotive technologies is fascinating as vehicles get increasingly feature-rich. We are positioning ourselves to become a preferred partner in the space and are happy to announce the signing of a long-term deal with another Tier-1 global automotive major. Despite global headwinds across multiple sectors, our relentless efforts are paying off with robust growth across all our verticals. Strategic initiatives are in place to integrate and unlock the tremendous potential of Mistral Solutions in the field of defence and embedded technologies. We are focused in our approach to be a reliable, leading-edge technology solutions provider helping our clients to optimise their processes.”

Result PDF