AXISCADES Engineering Technologies Q1FY18 consolidated net profit at Rs.0.05 crore vs Rs.6.1 crore in Q1FY17

Sep 14, 2017 11:09 IST India Infoline Research Team

AXISCADES Engineering Technologies Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 110 [26.7]
EBITDA 6.5 [52.3]
EBITDA Margin (%) 5.9 [316]
Net Profit 0.05 [99.2]
***EBITDA margin change is bps


Reco. Price


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Axiscades Engineering Technologies consolidated revenue for the quarter came in at Rs. 110 crore, registering 26.7% yoy decline. This was primarily driven by ~63.5% yoy decline in the revenue of strategic technology solution. Also, 7% yoy decline in the revenue of engineering design services added in de-growth of overall revenue.

EBITDA for the quarter fell by 52.3% yoy to Rs. 6.5 crore with a corresponding margin contraction of 316 bps. EBITDA margin for the quarter stood at 5.9%. This was due to rise in other expenses as proportionate to sales (~19.5% in Q1FY18 vs ~15.5% in Q1FY17).

It reported significant decline in PAT of Q1FY18 to Rs. 0.05 crore from Rs. 6.1 crore in corresponding quarter of last year.

Technical View:

AXISCADES Engineering Technologies Ltd is currently trading at Rs. 137.60, down by 6 points or 4.18% from its previous closing of Rs. 143.60 on the BSE.
The scrip opened at Rs. 139.95 and has touched a high and low of Rs. 140 and Rs. 135.45 respectively. So far 1,13,536(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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