Axiscades Technologies Sees 10% Quarterly Profit Surge

Axiscades Technologies, an engineering solutions provider, reported a 10% increase in consolidated profit after tax (PAT) to Rs 12.25 crore for the September quarter. The company's revenue grew by 18%, driven by its digital engineering services and defense sectors, with total income rising to Rs 269.03 crore.

Axiscades Technologies, an engineering solutions provider, has reported a 10% rise in consolidated profit after tax (PAT), reaching Rs 12.25 crore for the September quarter.

In comparison, the company posted a Rs 11.17 crore PAT in the same period last year, as stated in an exchange filing. Total income increased to Rs 269.03 crore from Rs 253.58 crore in the corresponding quarter of the previous financial year.

CEO & MD Arun Krishnamurthi highlighted that Axiscades achieved sales revenue of Rs 264 crore, marking an 18% sequential growth, driven by both digital engineering services and its defense verticals. The Bengalur-based company provides end-to-end engineering and technology solutions catering to sectors like aerospace, defence, and energy.

(With inputs from agencies.)