Speaking about its new acquisition Mistral, Sudhakar Gande, Executive Vice Chairman of AXISCADES Engineering Technologies said that we have announced the deal and it will start adding to the numbers full year next year.
AXISCADES Engineering Technologies posted a weak set of Q2 earnings. Revenues were flat for the company this quarter but costs remained high which led to margin contraction.
In an interview with CNBC-TV18, Sudhakar Gande, Executive Vice Chairman of the company discussed the details.
Sales have gone up and there is a small fall in EBITDA because this quarter the company has adjusted all the salary increases for the year, he said.
Speaking about its new acquisition Mistral, he said that we have announced the deal and it will start adding to the numbers full year next year.
Defence will start contributing about 40-45 percent on an annual basis, said Gande.
Expect to see good trend in margins in FY19, he further mentioned.For full interview, watch accompanying video...