Aequs FY26 Revenue Soars 33% to ₹12,304 Million, Driven by Aerospace and Consumer Growth
Aequs Limited reported FY26 revenue growth of 33% to ₹12,304 million (₹1,230.4 crore), with Q4FY26 revenue up 47% to ₹3,671 million. Aerospace revenue grew 27% to ₹10,464 million, and the order book is at USD 889 million. The consumer segment revenue grew 84% YoY. The company signed MoUs for significant investments: ₹1,900 crore in Tamil Nadu and ₹2,856 crore in Karnataka.
The substantial revenue growth, expansion in key business segments, a strong order book, and significant planned investments totaling over ₹4,700 crore demonstrate a material positive impact on the company's financial health and future growth trajectory.
The company reported strong year-on-year revenue growth in both full-year and quarterly results, driven by key segments like aerospace and consumer. Significant planned investments further indicate positive future prospects.
Aequs Limited announced its financial results for the quarter and year ended March 31, 2026, reporting a strong performance driven by its aerospace and consumer segments.
For the full fiscal year 2026 (FY26), Aequs' revenue grew by 33% year-on-year to ₹12,304 million (approximately ₹1,230.4 crore), compared to ₹9,246 million in FY25. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 43% year-on-year to ₹1,545 million, with an EBITDA margin of 13% for FY26, an expansion of 100 basis points from FY25. However, the company reported a Net Loss After Tax (PAT) of ₹1,133 million for FY26, an 11% increase in losses compared to ₹1,024 million in FY25, resulting in a PAT margin of -9% for FY26.
In the fourth quarter of FY26 (Q4FY26), revenue surged by 47% year-on-year to ₹3,671 million. EBITDA for the quarter stood at ₹321 million, with a margin of 9%. The decline in EBITDA margin for the quarter was attributed to the commencement of commercial operations in the Consumer Electronics segment, leading to full operating costs being recognized while utilization remained low. The PAT for Q4FY26 was a loss of ₹541 million.
The aerospace segment demonstrated robust momentum, with FY26 revenue reaching ₹10,464 million, a 27% year-on-year increase. The aerospace order book stands at USD 889 million, and the company added 433 new aerospace parts in Q4, bringing its total portfolio to 5,654 Stock Keeping Units (SKUs), a 26% year-on-year increase. The consumer business also saw significant scaling, with FY26 revenue growing by 84% year-on-year, contributing 17% to the total revenues in Q4FY26.
Strategic investments are planned, including a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for an integrated aerospace ecosystem valued at ₹1,900 crore (approximately $227 million) and another MoU with the Government of Karnataka for expansion across segments worth ₹2,856 crore (approximately $341 million).
Mr. Aravind Melligeri, Executive Chairman and Chief Executive Officer, stated that FY26 was a landmark year marked by strong execution, business expansion, and the company's IPO. He expressed confidence in sustaining growth momentum in FY27, supported by deepening manufacturing presence, strengthening capabilities, and advancing the aerospace portfolio towards higher margins.
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