Shares of AXISCADES Technologies Ltd were trading lower on Friday afternoon, with the stock down 1.92 per cent at ₹1,500 on the NSE as of 12.19 pm, after the Bengaluru-based aerospace and defence technology company reported its Q1 FY27 results.The stock opened sharply lower at ₹1,416.10, well below its previous close of ₹1,529.40, before recovering partially to trade around ₹1,500. It touched an intraday high of ₹1,521.10 and a low of ₹1,416.10. Traded volume stood at 4.76 lakh shares, with a traded value of ₹69.49 crore. The company’s total market capitalisation was at ₹6,383 crore. Buy orders accounted for 64.6 per cent of the total quantity, suggesting some buying interest at current levels. The stock is a constituent of the Nifty India Defence index and trades at a P/E of 178.49.The results, covering the quarter ended June 30, 2026, showed consolidated revenue at a record ₹346.7 crore, up 42.2 per cent year-on-year and 27 per cent sequentially. However, reported profit after tax was a loss of ₹14.8 crore, compared to a profit of ₹20.9 crore in the same quarter last year, driven by ₹21.81 crore of deal costs related to the ongoing divestment of its engineering services business to Akkodis for $237 million.Reported EBITDA fell to ₹27.9 crore from ₹34.1 crore a year earlier. The company attributed the pressure to one-time provisions of ₹9.62 crore on receivables, a ₹3.50-crore hedge unwinding charge, and elevated strategic hiring costs ahead of its manufacturing pivot. Adjusting for these, normalised EBITDA was ₹41 crore at an 11.8 per cent margin, and normalised PAT stood at ₹20.2 crore.The retained business, comprising Defence, XiDA (electronics and AI), and a nascent Aerospace manufacturing division, posted revenue of ₹183.4 crore, up approximately 94 per cent year-on-year on a like-for-like basis. Defence revenue more than doubled to ₹125 crore, while XiDA contributed ₹49.5 crore at a 29.7 per cent EBITDA margin.The company’s Assured Forecast Visibility in defence stood at ₹4,557 crore, after adding ₹332 crore in new sole-source wins during and after the quarter. An aerospace manufacturing acquisition with annualised revenue of ₹180 crore is expected to close in Q2 FY27.The stock is trading about 32 per cent below its 52-week high of ₹2,211 touched in May 2026, though it remains 41 per cent above its 52-week low of ₹1,063.30 hit in January. On a five-year basis, the stock has returned over 1,700 per cent.Published on August 14, 2026