Aequs Reports Record Quarter with 55% YoY Revenue Growth; Aerospace Order Book Crosses USD 1 Billion

Aequs Reports Record Quarter with 55% YoY Revenue Growth; Aerospace Order Book Crosses USD 1 Billion​

Aequs Limited, an engineering-led, vertically integrated precision manufacturer operating within a single SEZ and having a strong presence across aerospace and consumer segments, announced its financial results for the quarter ending June 30, 2026. The company reported significant revenue growth while also noting operational nuances in profitability across different segments.

The consolidated figures showed that Aequs generated Revenue from Operations of ₹3,955 million for Q1 FY2027, marking a 55% year-on-year (YoY) increase from Q1 FY2026 results of ₹2,556 million. This performance was compared to the Q4 FY2026 result of ₹3,671 million.

Key financial metrics for the quarter are detailed below:

Aerospace and Consumer Segment Performance​

The company highlighted strong momentum in both its aerospace and consumer segments. Aerospace revenue grew by 40% YoY and 6% QoQ, reaching ₹3,222 million. Furthermore, Aequs' aerospace order book crossed USD 1 billion, up 13% sequentially from USD 889 million to USD 1,004 million, indicating an expansion in committed programmes.

In the consumer sector, revenue saw a substantial increase of nearly 190% YoY and 16% QoQ, hitting ₹734 million as production volumes increased across its portfolio. The consumer segment's EBITDA loss narrowed by ₹112 million, or approximately 24%, sequentially, moving from ₹473 million in Q4 FY26 to ₹361 million in Q1 FY27.

The contribution of the Consumer segment rose to 19% of consolidated revenue, up from 10% in Q1 FY26, reflecting increased production volumes and scaling of the business.

Operational Improvements and Investments​

Operational EBITDA improved sequentially, excluding other income, increasing from ₹42 million in Q4 FY26 to ₹148 million in Q1 FY27. This improvement was supported by cost absorption and narrowing losses within the Consumer segment. Aerospace EBITDA stood at ₹731 million, which represents a 35% YoY growth compared to Q4 FY26 (when it was ₹1,010 million).

Management noted that during the quarter, Aequs incurred a capital expenditure of ₹830 million to support future growth. Capacity utilization rates stood at 70% in Aerospace and 22% in Consumer, with capacity utilisation specifically in India for Aerospace standing at 78%.

The company strengthened its aerospace pipeline through long-term agreements with two new Aerostructures Tier-1 customers. A significant milestone noted was the first contract for fully assembled Airbus A320 wheels with Safran Landing Systems, which involves 100% in-country manufacturing value addition on this flight critical product.

Mr. Aravind Melligeri, Executive Chairman and Chief Executive Officer of Aequs Limited, commented that Q1 FY27 marked a strong start to the fiscal year. He stated that operational EBITDA improved 3.5 times sequentially to ₹148 million as Consumer segment losses narrowed by 24%. Mr. Melligeri also reinforced the company's Vision 2031 roadmap, aiming for 4 to 6 times revenue growth, 18 to 22% EBITDA margin, and 20% steady-state RoCE.

Aequs Limited is described as one of India's largest precision component manufacturers in aerospace, holding a portfolio of 5,740 qualified parts across various systems. The company serves global OEMs and system integrators including Airbus, Boeing, Safran, and Collins Aerospace. Its consumer manufacturing ecosystem spans electronics, plastics, toys, and consumer durables, operating from integrated clusters in Belagavi, Hubballi, and Koppal (Karnataka).

AEQUS Stock Price Movement​

Today, Aequs Limited shares edged higher to settle at ₹229.12 after closing today, posting a gain of 0.29%. The stock traded within an intraday range of ₹227.61 and ₹232.20 during the session.