Axis Solutions Ltd

Financial Performance

• Q1 FY27 revenue rose to 48.98 crores from 27.48 crores.
• Total income increased to 49.06 crores from 27.56 crores.
• EBITDA rose to 6.22 crores from 2.79 crores; margin 12.70%.
• PAT rose to 3.09 crores; PAT margin 6.32%.
• EPS rose to 0.66 from 0.37.
• Tax provision of 37 lakhs; prior year nil.
• Open orders at 365 crores; majority expected to close this year.
• Last year: revenue 240 crores; EBITDA 45 crores; PAT 28 crores.
• R&D spend around 10% of annual profit.

Mix and Growth Drivers

• Q1 mix: automation 15%, water 26%, industrial 59%.
• YoY mix: automation 15% vs 15.6%.
• YoY mix: water 26% vs 55.8%.
• YoY mix: industrial eng 59% vs 28.6%.
• Hydrogen solid storage tech launched; POC ongoing.
• MAG200 flow meter launched.
• R&D investment target: about 10% of annual profit.
• MD Bijal Sanghvi awarded CEO Excellence Award.

Operations and Product Highlights

• Five facilities totaling 1,40,000 sq ft; end-to-end manufacturing.
• AquaVision platform for water management; zero liquid discharge focus.
• In-house CRM platform implemented for sales tracking.
• Brand architecture: Axociate, Axcellence, Axcelerator.
• Open orders at 365 crores; some portions to be dispatched this year.

R&D and IP

• Patents: 13 granted, 9 pending.
• Hydrogen storage tech patents: design and technology patents.
• R&D focus: IoT-enabled, Axis Cloud integration, AI-driven analytics.

Q&A Highlights and Outlook

• Guidance for FY27 not disclosed on call.
• NSE listing depends on MPS compliance; current listing is BSE only.
• Fundraising plans not decided; board to decide after compliance.
• Kavach program POC ongoing; no revenue disclosed yet.
• Green hydrogen commercialization timeline not confirmed; no orders yet.
• Receivables ageing explained by year-end timing; terms are 30–60 days.
• MRO revenue around 5-6% of total; rising.

Order details

• Order value: ₹400 crore, among larger project wins in ASL's pipeline.
• Indigenous content: 38%–40% of the value in-house.
• Scope: core tech delivered by ASL; specialized works via domain experts.

Execution & scope

• Civil works to be carried out by qualified specialized agencies.
• ASL to engineer, design, manufacture, integrate, automate, test, and supply core technology.
• Projects across power, oil & gas, petrochemicals, water, wastewater, process industries.

Management perspective

• Philosophy centers on in-house engineering and manufacturing for value.
• Representative products include analyzers, dosing systems, automation platforms, RTUs, and control panels.

Order details

• Awarding entity: M/s NKG Primus JV.
• Scope: Rural water supply projects including tube wells, rising mains, overhead tanks, pump houses and networks.
• Total contract value: Rs 400 crore.
• Awarding entity is domestic.
• Time period: single village up to March 2027; multi-village up to March 2028.
• Security: performance bank guarantee of 3% of contract value.
• No promoter/group interest; order is not a related-party transaction.
• Impact: adds Rs 400 crore to order book.

Meeting Details

• Analyst/Investor conference call on quarterly results for quarter ended 30 June 2026; audio recording available on company website.

Participants

• Key participant: Managing Director.

Purpose

• Purpose: earnings/results discussion with analysts and investors.

Business Overview

• End-to-end engineering solutions for process automation, instrumentation, and IIoT across industries.
• 365 Crs order book supports diversified revenue streams.
• Six manufacturing units and 240+ employees, including 204 engineers.
• Saudi subsidiary established to accelerate regional growth and certifications.
• DSIR-approved in-house R&D centre with 10% of annual profit allocated to R&D.
• New energy verticals include EV charging, green hydrogen, and BESS.

Key Operational Highlights

• Saudi market entry supports regional growth and regulatory approvals.
• Launched Hydrogen Solid Storage for end-to-end hydrogen-to-power solutions.
• Q1FY27 revenue Rs 4,898.83 Lakhs; YoY growth 78%.
• Total income Rs 4,906.05 Lakhs; EBITDA Rs 621.93 Lakhs; margin 12.7%.
• PAT Rs 309.69 Lakhs; PAT margin 6.32%.
• Interest Rs 195.73 Lakhs; Depreciation Rs 79.49 Lakhs.
• PBT Rs 346.71 Lakhs; Tax Rs 37.01 Lakhs.

Financial Performance

• Revenue: Rs 4,898.83 Lakhs; Total income: Rs 4,906.05 Lakhs.
• EBITDA: Rs 621.93 Lakhs; EBITDA margin: 12.70%.
• PAT: Rs 309.69 Lakhs; PAT margin: 6.32%.
• Interest: Rs 195.73 Lakhs; Depreciation: Rs 79.49 Lakhs.
• PBT: Rs 346.71 Lakhs; Tax: Rs 37.01 Lakhs.

Strategic Priorities & Outlook

• Saudi subsidiary established to accelerate regional growth and certifications.
• New Energy verticals (EV charging, green hydrogen, BESS) expand portfolio.
• R&D emphasis with DSIR approval; 10% of annual profit allocated to R&D.
• AxisCloud, AquaVision, and HydroSafe platforms advance digitalization.
• Global reach extended to 25+ countries; six manufacturing units.
• Roadmap emphasizes AI/ML, IIoT, digital twins, and secure OT/IT.

Governance & Leadership

• MD: Dr. Bijal Sanghvi; CEO & Executive Director: Dr. Purvi B. Sanghvi.
• Executive Director: Mr. Anand Shah.
• Bijal Sanghvi awarded CEO Excellence Award Best CEO of the Year (ISA Maharashtra).
• DSIR-approved in-house R&D centre reinforces governance of R&D strategy.

Meeting Details

• Date: 31 July 2026; time and venue not disclosed.

Key Agenda Items

• Approve standalone and consolidated unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed; reopens 48 hours after 30 June 2026 results declaration.

Dematerialisation processing

• Dematerialisation requests processed within the regulatory time limit.
• The dematerialised securities have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository names substituted as registered owners in the records.