MARKET


AXISCADES Delivers Another Quarter of Strong and Consistent Results

AXISCADES delivers another quarter of strong and consistent     results with robust improvement in profitability Revenue growth of 25.3% Q-o-Q and PAT growth of 185.7% Q-o-Q Bangalore, February 11, 2022 (GNI): AXISCADES Technologies Ltd. [AXISCADES (BSE: 532395 | NSE: AXISCADES], a leading end to end engineering and technology solution catering to the aerospace, defence, heavy engineering, automotive, energy, medical & healthcare sectors, serving Global OEMs, today announced results for the third quarter of FY 2021-22 ended December 31, 2021. Financial highlights for the quarter: •                Q3 FY22 Total Income at INR 1,702 Mn against INR 1,388 Mn in Q2 FY22 •                EBITDA stands at INR 201 Mn, translating to an EBITDA margin of 11.82% •                PAT for Q3 FY22 stands at INR 79 Mn; growth of 185.7% Q-o-Q •                Strong revenue addition in Aerospace; grew by 18.1% Q-o-Q •                Strong order book of USD 57.0 Mn as of 31st Dec-2021, growth of 32.7% Q-o-Q Commenting on the…





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Mindspace REIT Announces Results for Q3 FY2022 Uptick in office leasing continues, c.3.8 msf leased in the first 9 months of FY22

Pre-leased an entire upcoming building of c.0.7msf at Commerzone Kharadi, Pune Declared distribution of INR 4.64 per unit Mumbai, 10 February 2022: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office…


Spinny acquires AI-powered car connectivity solutions’ startup, Scouto, The deal adds another technology solution in Spinny’s capabilities to serve unparalleled car ownership experience in the county

Mumbai, 10th February’2022 (GNI): Pre-owned car retailing platform Spinny has acquired a 100% stake in AI-powered Connected Car startup Scouto. The deal will mark one of the first consolidations in the AI-powered used car solutions…