Press Release

August 13, 2026 Listing Department The Manager National Stock Exchange of India Ltd. Dptt. of Corporate Services Exchange Plaza, C-1, Block G BSE Limited Bandra Kurla Complex, Floor 25 Phiroze Jeejeebhoy Towers Bandra (E), Dalal Street, Fort, Mumbai- 400051 Mumbai – 400 051 NSE Symbol: AXISCADES BSE Scrip Code: 532395 Dear Sir/Madam, Sub: Press Release - Results Q1 FY27 With reference to the captioned subject, please find enclosed the Press Release titled – “AXISCADES reports record Rs. 346.7 crore revenue from operations for Q1 FY27, including discontinued operations, up 42.2% YoY”. This is for your information and necessary records. Yours faithfully, For AXISCADES Technologies Limited Sonal Dudani Company Secretary & Compliance Officer Encl: A/a AXISCADES Technologies Limited (formerly AXISCADES Engineering Technologies Limited) CIN No.: L72200KA1990PLC084435 Reg. Office: Block C, Second Floor, Kirloskar Business Park, Bengaluru -560024, Karnataka, INDIA Ph: +91 80 4193 9000 | Fax: +91 80 4193 9099 | Email: info@axiscades.com | www.axiscades.com PRESS RELEASE AXISCADES reports record Rs. 346.7 crore revenue from operations for Q1 FY27, including discontinued operations, up 42.2% YoY Defence and XiDA drive retained portfolio growth Bengaluru, India | 13 August 2026 - AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a technology, engineering and manufacturing company focused on Aerospace, Defence, Space and XiDA/electronics and AI, today announced its consolidated results for the quarter ended 30 June 2026. Q1 FY27 consolidated revenue from operations, comprising continuing and discontinued operations, stood at a quarterly record of Rs. 346.7 crore, increasing by 42.2% year on year and 27.0% sequentially. During May and June 2026, the Company announced the divestment of its Engineering Services and Aerospace Services businesses, respectively, to the Akkodis Group. The divestment programme represents a minimum consideration of Rs. 1,685 crore and total consideration of approximately Rs. 2,256 crore—approximately USD 237 million. The transactions are progressing through the applicable closing conditions. The Company presents continuing and discontinued operations separately, in line with the prescribed accounting standards. In accordance with Ind AS 105, the comparative periods have been restated on the same basis. Revenue from operations from continuing operations was Rs. 183.4 crore. On a like-for-like basis excluding Add Solutions, which management intends to exit in FY27, revenue was approximately Rs. 181 crore, an increase of ~100% from approximately Rs. 90 crore in Q1 FY26. Reported EBITDA was Rs. 27.9 crore, with an EBITDA margin of 8.1%, compared with Rs. 34.1 crore and 14.0%, respectively, in Q1 FY26. The Company reported a loss before tax of Rs. 11.9 crore and a loss after tax of Rs. 14.8 crore. Reported profitability included Rs. 11.56 crore of one-time receivable provisions, primarily relating to an aged defence transaction; a Rs. 3.50 crore hedge provision under discontinued operations; and Rs. 21.81 crore of divestment-related exceptional costs under discontinued operations. Excluding the two provisions aggregating Rs. 15.06 crore, management-defined normalised EBITDA was Rs. 41.0 crore, up 20.5% year on year, with a margin of 12.4%. After also adjusting for the Rs. 21.81 crore exceptional charge, management-defined normalised profit before tax was Rs. 23.1 crore. Q1 FY27 highlights • Record revenue from operations including discontinued operations: Rs. 346.7 crore, up 42.2% YoY and 27.0% QoQ. • Continuing operations: Rs. 183.4 crore of reported revenue from operations; management-defined like-for-like revenue excluding Add Solutions increased ~100% YoY to approximately Rs. 181 crore. Page 1 • Defence: revenue more than doubled to Rs. 125.0 crore; updated Assured Forecast Visibility stood at Rs. 4,557 crore after Q1 execution. • XiDA: revenue increased ~62% YoY to Rs. 49.5 crore; EBITDA rose 114.5% to Rs. 14.7 crore, with a 29.7% margin. • Space: the Space division has been established as the Company’s fourth growth platform: a satellite manufacturing, assembly, integration and testing facility is under construction at the Devanahalli Atmanirbhar Complex, and technology-transfer collaborations are in progress. • Manufacturing capacity: Property, plant and equipment together with capital work-in-progress increased by Rs. 40.1 crore, during Q1 FY27. Devanahalli AeroLand has been commissioned; Phase 1 of the Devanahalli Atmanirbhar Complex is under construction; land acquisition for the Missile Atmanirbhar Complex in Hyderabad has been completed and construction is commencing; and land allocation for the proposed 240,000 sq. ft. Center for Advanced Manufacturing at Devanahalli is in process. • Add Solutions exit: Management is implementing an action plan and is targeting completion of the exit by Q4 FY27. • Portfolio transition: The Engineering Services and Aerospace Services divestments, announced in May and June 2026, respectively, represent a minimum consideration of Rs. 1,685 crore and total consideration of approximately Rs. 2,256 crore—approximately USD 237 million. Closing is planned in two phases: Phase 1 by Q2 FY27, with approximately Rs. 180 crore of initial proceeds expected within five days, and Phase 2 by Q3 FY27, completing the approximately Rs. 2,256 crore divestment programme. Management commentary “Q1 FY27 marks the first quarter of AXISCADES' transition into a focused manufacturing, products and solutions company built for non-linear growth. Revenue per employee is set to rise from Rs 42 lakh in FY26 to Rs 1.2 crore in FY27 — more than a threefold gain, and the clearest measure of the shift from a people-led services model to a products and manufacturing one. The strength of the businesses we have chosen to scale is increasingly visible. Defence revenue more than doubled. XiDA added two of the world's largest technology companies as customers. Aerospace Manufacturing is being rebuilt through organic scale-up and acquisition, and Space is now established as our fourth growth platform. With the non-core divestment substantially complete, we are directing capital and management bandwidth towards Aerospace Manufacturing, Defence Systems, XiDA and Space, in line with our Power 930 roadmap.” Dr. Sampath Ravinarayanan, Founder, Chairman & Managing Director Page 2 "The quarter combines strong revenue growth with the accounting impact of a major portfolio transition. Reported profitability includes Rs. 15.06 crore of one-time provisions and Rs. 21.81 crore of divestment- related exceptional costs. Excluding these items, management-defined normalised EBITDA was Rs. 41.0 crore at a 11.8% margin, and management-defined normalised PBT was Rs. 23.1 crore. Our immediate priorities are to complete the divestment, address the Add Solutions drag, scale the retained portfolio and deploy the proceeds into growth without equity dilution." Shashidhar SK, Group Chief Financial Officer Rs. crore, except margins Particulars Q1 FY27 Q4 FY26 Q1 FY26 QoQ YoY Revenue from operations (continuing 346.6 273.0 243.7 +27.0% +42.2% and discontinued operations) Reported EBITDA 27.9 33.6 34.1 (17.0)% (18.1)% Reported EBITDA margin 8.1% 12.3% 14.0% (426) bps (592) bps Normalised EBITDA 41.0 33.6 34.1 +22.1% +20.5% Normalised EBITDA margin 11.8% 12.3% 14.0% (47) bps (214) bps EBIT 15.8 19.8 24.7 (20.1)% (35.9)% Reported PBT / (loss) (11.9) 10.5 28.0 n.m. n.m. Normalised PBT 23.1 10.5 28.0 +119.6% (17.6)% Reported PAT / (loss) (14.8) 0.4 20.9 n.m. n.m. n.m. = not meaningful because the comparison crosses between profit and loss. Reported amounts below are derived from the Company's unaudited consolidated financial results under Regulation 33. EBITDA is calculated as revenue from operations less operating expenses other than finance costs and depreciation and amortisation, and excludes other income; EBIT is EBITDA less depreciation and amortisat [Showing first 8,000 characters — download PDF for full document]