Aequs reported a net loss of ₹53.7 Cr in Q4FY26, 26% higher from the ₹42.7 Cr loss incurred in Q3
Its operating revenue for the quarter stood at to ₹367.1 Cr, 47% higher YoY and 13% higher QoQ
Its net loss for FY26 as a whole amounted to ₹113.3 Cr (11% higher), while its operating revenue for the year grew by a third to ₹1,230.4 Cr
Contract manufacturing company Aequs
plunged into the red in the March quarter (Q4 FY26), reporting a net loss of ₹53.7 Cr against a profit of ₹8.9 Cr in the year-ago quarter. The company’s net loss widened 26% from ₹42.7 Cr loss incurred in Q3.
Operating revenue surged 47% YoY and 13% QoQ to ₹367.1 Cr. While the aerospace segment contributed the highest ₹304 Cr (up 28% YoY) to its top line, the consumer electronics segment’s revenue grew multifold YoY to ₹63.2 Cr.
Including other income of ₹27.9 Cr, the company’s total income for the quarter stood at ₹395 Cr. Meanwhile, total expenses for the quarter stood at ₹444.2 Cr.
Aequs’ EBITDA in Q4 remained positive at ₹32 Cr, albeit down from ₹41.6 Cr on a sequential basis. This amounted to an EBITDA margin of 9%, nearly half of the year-ago figure.
For the full fiscal year FY26, Aequs’ net loss increased 11% to ₹113.3 Cr from ₹102.4 Cr in the previous fiscal. Operating revenue zoomed 33% YoY to ₹1,230.4 Cr.
Aequs said its continued strength in aerospace and the scaling of its consumer segment were the main drivers behind its revenue growth. Meanwhile, the company began commercial operations in consumer electronics only in Q3. Its bottom line was impacted by the recent foray into consumer electronics as operating costs remained elevated in comparison with utilisation.
For the full fiscal year FY26, Aequs’ aerospace business saw strong momentum with 27% YoY growth. Meanwhile, its consumer business showed green shoots, growing 84% YoY. Out of Aequs’ overall operating revenue, aerospace contributed 83% and consumer segment contributed 17%.
The firm also noted that it had announced two major strategic investments in FY26, namely, a ₹1,900 Cr MoU with the Tamil Nadu government and a ₹2,856 Cr MoU with the Karnataka government to fuel its expansion in both segments.
Other business highlights included expansion of its aerospace SKU portfolio, improved capacity utilisation in both segments, and strengthening order visibility.
“With this, we are deepening our manufacturing presence across key geographies, strengthening our capabilities, and advancing our aerospace portfolio toward higher margins and more complex programs. Our quality standards and delivery reliability continue to underpin long-term OEM relationships, and we enter FY27 with confidence in sustaining this growth momentum,” Aequs CEO Aravind Melligeri said.
Shares of Aequs ended today’s trading session 2.13% lower at ₹211.6.
(The story will be updated shortly)
Source: Inc42 - Startups
