Aerospace manufacturer Aequs recorded a net loss of ₹54 crore in Q4FY26 due to a deficit in the consumer segment, higher listing expenses, and increased operational charges, which outweighed revenue gains.
Revenue from operations increased by 47 per cent year-on-year (y-o-y) to ₹367 crore in Q4FY26 from ₹249 crore in Q4FY25. However, EBITDA declined 23 per cent YoY from ₹41 crore to ₹32 crore, while margins compressed by 8 per cent.
Aerospace segment drives growth, consumer business drags performance
The aerospace segment saw revenue growth of 29 per cent YoY to ₹304 crore. EBITDA surged 108 per cent YoY to ₹101 crore, reflecting strong operational momentum in the core business.
In contrast, the consumer segment posted revenue growth of 384 per cent to ₹63 crore from ₹13 crore in Q3FY26. However, EBITDA remained negative, falling to -₹473 crore, highlighting ongoing profitability challenges despite rising revenue.
IPO-led expansion and debt reduction strategy
Aravind Melligeri, Executive Chairman and Chief Executive Officer of 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.”
The company completed its IPO in December 2025, raising capital from investors and the public to repay ₹530 crore of debt. It also invested additional capital into its aerospace segment to boost production and scale its consumer electric products business, aiming to improve utilisation and move the segment towards profitability.
Published on May 26, 2026