AXISCADES Technologies announced the appointment of Tanmoy Chakrabarty as an Additional Director in the category of Non-Executive Independent Director on the Board of the Company with effect from 13 July 2024.Powered by Capital Market - Live News

AXISCADES Technologies has announced the commencement of delivery of a significant number of Man Portable Counter Drone System (MPCDS) to the Indian Army. This contract marks a major milestone for AXISCADES, as the company begins the delivery of these systems, which are the first of their kind to be inducted into the Indian Defence Forces. The Man Portable Counter Drone System (MPCDS), developed by AXISCADES, stands out as a game-changer in India`s defence capabilities. Uniquely designed and entirely Made in India, the MPCDS is compact, portable, and operates on both battery and mains power. Covering multiple frequency spectrums, including Command & Control and Navigation, the system holds the ability to detect and jam a wide variety of drones within a range of up to 5 kilometres.Powered by Capital Market - Live News

AXISCADES Technologies` subsidiary Mistral Solutions has secured a large order from Bharat Electronics (BEL). The order entails design, development, and supply of eight Radar Processing Systems for the Arudhra Medium Powered Radar (MPR). With a gross order value of Rs 90 Crore, the systems will be delivered over a span of four years. The MPR is an indigenous rotating active phased array multifunction 4D Radar capable of automatic detection and tracking of aerial targets ranging from slow-moving targets to combat aircraft. This order is a result of the long-standing effort by DRDO since 2012 to design and build an indigenous Radar, having subcontracted Mistral for the Design and Development of the RADAR Signal Processing system. Powered by Capital Market - Live News

Net profit of AXISCADES Technologies declined 45.25% to Rs 8.71 crore in the quarter ended March 2024 as against Rs 15.91 crore during the previous quarter ended March 2023. Sales rose 14.52% to Rs 255.65 crore in the quarter ended March 2024 as against Rs 223.24 crore during the previous quarter ended March 2023.For the full year,net profit reported to Rs 32.81 crore in the year ended March 2024 as against net loss of Rs 5.23 crore during the previous year ended March 2023. Sales rose 17.04% to Rs 952.23 crore in the year ended March 2024 as against Rs 813.60 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales255.65223.24 15 952.23813.60 17 OPM %12.7120.94 -13.9917.89 - PBDT25.4433.69 -24 86.81115.58 -25 PBT15.9226.98 -41 53.0289.06 -40 NP8.7115.91 -45 32.81-5.23 LP Powered by Capital Market - Live News

AXISCADES Technologies will hold a meeting of the Board of Directors of the Company on 20 May 2024Powered by Capital Market - Live News