Aequs Limited reported a 45% year-on-year increase in consolidated revenue to ₹4,091 Million for the second quarter of FY27, supported by strong aerospace demand and growth in its consumer manufacturing business. However, higher operating costs and a slower-than-expected ramp-up in consumer production continued to weigh on profitability.
The aerospace segment remained the company’s strongest performer, recording 44% revenue growth to ₹3,514 Million during the quarter. Segment EBITDA increased 24% to ₹783 Million, reflecting continued demand and execution across customer programmes.
Aequs’ aerospace order book reached approximately $1.1 billion, growing 9% sequentially. The company also secured a long-term agreement with Safran for Airbus A320 aircraft wheels, marking its first serial-production contract extending beyond 15 years.
The company continued expanding its manufacturing capabilities, adding nine CNC machines during the quarter and taking its aerospace machine count to 229. Its aerospace product portfolio expanded to 5,978 stock-keeping units (SKUs).
Meanwhile, the consumer business recorded 52% revenue growth to ₹577 Million. However, its EBITDA loss widened to ₹401 Million, compared with ₹361 Million in the previous quarter.
Aequs attributed the slower production ramp-up to extended customer qualification timelines and supply chain constraints. The company is now reassessing the timeline for achieving EBITDA breakeven in its consumer business.
To support future expansion, Aequs announced a ₹6,500 Million promoter-group investment through preferential warrants. The funding is intended to strengthen manufacturing capacity, support joint venture investments and meet working capital requirements.
Executive Chairman and CEO Aravind Melligeri said the company remains focused on improving utilisation, expanding its aerospace partnerships and translating installed manufacturing capacity into profitable growth.
