Axiscades Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 12, 2023 at 08:51 am EST
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Axiscades Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,134.26 million compared to INR 1,693.15 million a year ago. Revenue was INR 2,175.03 million compared to INR 1,702 million a year ago. Net loss was INR 103.49 million compared to net income of INR 78.13 million a year ago. Basic loss per share from continuing operations was INR 2.72 compared to basic earnings per share from continuing operations of INR 2.07 a year ago. Diluted loss per share from continuing operations was INR 2.72 compared to diluted earnings per share from continuing operations of INR 2.02 a year ago.
For the nine months, sales was INR 5,903.65 million compared to INR 4,165.27 million a year ago. Revenue was INR 6,005.11 million compared to INR 4,238.44 million a year ago. Net loss was INR 211.7 million compared to net income of INR 116.97 million a year ago. Basic loss per share from continuing operations was INR 5.57 compared to basic earnings per share from continuing operations of INR 3.1 a year ago. Diluted loss per share from continuing operations was INR 5.57 compared to diluted earnings per share from continuing operations of INR 3.05 a year ago.
AXISCADES Technologies Limited is an India-based end-to-end technology and engineering solutions provider. The Company offers product engineering solutions across embedded software and hardware, digitization and automation, mechanical engineering, system integration, test solutions, manufacturing engineering, technical publications, and aftermarket solutions. The solutions comprehensive portfolio covers the complete product development lifecycle from concept evaluation to manufacturing support in the Aerospace, defense, heavy engineering, automotive, medical devices and industrial product industries. It operates through two segments: Technology Services and Solutions, and Strategic Technology Solutions. It operates across North America, Europe, the United Kingdom and Asia-Pacific. It is also focused on engineering design and solutions for energy space irrespective of energy type. It specializes in oil and gas, refineries, petrochemicals, and renewable power.