AXISCADES Technologies announced that CARE Ratings has upgraded its long-term bank facilities at `CARE A-` with a Stable Outlook and short-term facilities at `CARE A2+`. from `CARE BBB+- Stable` and `CARE A2` respectively.Powered by Capital Market - Live News

Net profit of AXISCADES Technologies reported to Rs 7.43 crore in the quarter ended December 2023 as against net loss of Rs 10.35 crore during the previous quarter ended December 2022. Sales rose 8.46% to Rs 231.48 crore in the quarter ended December 2023 as against Rs 213.43 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales231.48213.43 8 OPM %12.9614.93 - PBDT19.5222.18 -12 PBT11.0315.84 -30 NP7.43-10.35 LP Powered by Capital Market - Live News

AXISCADES Technologies will hold a meeting of the Board of Directors of the Company on 14 February 2024.Powered by Capital Market - Live News

AXISCADES Technologies has completed the acquisition of 99.99% stake held in EPCOGEN on 05 December 2023 upon payment of fixed consideration of Rs 26.25 crore. Subsequently, EPCOGEN has become a subsidiary of the company. Powered by Capital Market - Live News

Net profit of AXISCADES Technologies declined 47.24% to Rs 11.07 crore in the quarter ended September 2023 as against Rs 20.98 crore during the previous quarter ended September 2022. Sales rose 29.85% to Rs 251.46 crore in the quarter ended September 2023 as against Rs 193.66 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales251.46193.66 30 OPM %14.6320.36 - PBDT26.2935.19 -25 PBT17.5928.09 -37 NP11.0720.98 -47 Powered by Capital Market - Live News