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01-Sep-2025 11:45
Axiscades Tech gains on bagging Rs 150-cr defence order for Su-30MKI Upgrade
The company further clarified that its promoters, promoter group, and group companies have no interest in the awarding entity, and the order does not fall under the category of related party transactions.
Commenting on the win, C. Manikandan, the CEO of Mistral Solutions, a subsidiary of AXISCADES, said, 'We are proud and excited to be a part of one of the DRDO's/IAF's most important modernization programs. This order reflects AXISCADES' ability to design and deliver advanced indigenous technologies tailored to evolving combat requirements.'
AXISCADES Technologies is a leading, end-to-end technology, product and solutions provider aiding the creation of innovative, sustainable, and safer products worldwide in the aerospace, defence and ESAI domains.
The company's consolidated net profit jumped 21.6% to Rs 20.75 crore on 9% increase in net sales to Rs 243.71 crore in Q1 FY26 over Q1 FY25.
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