Belagavi, Karnataka: Aequs Limited (Aequs or the Company), the only engineering led, vertically integrated precision manufacturer operating within a single SEZ, with a strong presence across aerospace and consumer segments, on May 26 announced its financial results for the quarter and year ended March 31, 2026.
Key Financial Highlights (Consolidated):
| Particulars (Rs Mn) | Q4FY2026 | Q4FY2025 | YoY | FY2026 | FY2025 | YoY |
| Revenue from Operations | 3,671 | 2,493 | 47% | 12,304 | 9,246 | 33% |
| EBITDA | 321 | 416 | -23% | 1,545 | 1,080 | 43% |
| EBITDA Margin % | 9% | 17% | >(100)bps | 13% | 12% | 100bps |
| PAT | -541 | 90 | -693% | -1,133 | -1,024 | -11% |
| PAT Margin % | -14% | 3% | >(100)bps | -9% | -11% | >100bps |
Key Financial Highlights – Q4 FY26
- Revenue grew 47% YoY to ₹3,671 million, driven by continued strength in aerospace and scaling of consumer segment.
- EBITDA stood at ₹321 Million, with margin at 9%, which declined primarily due to commencement of commercial operations in Consumer Electronics in Q3, resulting in full operating costs being charged to the P&L while utilisation remained low.
- Consumer segment contribution increased to 17% of revenues, reflecting continued ramp-up across the segment.
Key Financial Highlights – FY26
- Revenue grew 33% YoY to ₹12,304 million, led by strong momentum in aerospace and continued scale-up in consumer segment.
- EBITDA grew 43% YoY to ₹1,545 million, with margin expansion driven by operating leverage and improved cost efficiency.
Business Highlights:
- Strong aerospace momentum, with FY26 revenue at ₹10,464 million, growing 27% YoY
- Order visibility strengthened, with aerospace order book at USD 889 million
- 433 new aerospace parts added in Q4, taking total portfolio to 5,654 SKUs
- Total year-on-year Aerospace SKU portfolio increased by 26% YoY
- Consumer business continued to scale, with FY26 revenue growth of 84% YoY
- Capacity utilisation improving, with consumer at 23% and aerospace at 62% (70% India)
- Strategic investments announced:
- ₹1,900 crore MoU with Tamil Nadu for integrated aerospace ecosystem
- ₹2,856 crore MoU with Karnataka for expansion across segments
Aravind Melligeri, Executive Chairman and Chief Executive Officer, Aequs Limited, said, “FY26 has been a landmark year for Aequs defined by strong execution, meaningful business expansion, and our IPO, a transformational milestone that marks a new chapter in our journey as a company.
We delivered revenue growth of 33% YoY to ₹12,304 million, with EBITDA growing 43% YoY, reflecting the operating leverage in our platform as our programs mature and scale. Our Aerospace segment, backed by a strong orderbook of USD 889 million continued its steady growth, while our Consumer segment posted 84% YoY growth as programmes scale up, move into full production and revenue recognition.”
He added, “This year, we made significant strides in laying the foundation for our next phase of growth by signing MoUs with the Governments of Tamil Nadu and Karnataka for large-scale investments in both aerospace and consumer segments reinforcing our long-term commitment to manufacturing in India.”
“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 programmes. Our quality standards and delivery reliability continue to underpin long-term OEM relationships, and we enter FY27 with confidence in sustaining this growth momentum,” said Aravind Melligeri.
