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Aequs Subsidiary AEPPL Receives Notice from Hasbro to Cease Future Purchase Orders
Aequs Limited's wholly-owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), has been notified by its major customer Hasbro S A of its intent to stop placing new purchase orders. While the Master Supply Agreement (MSA) originally signed in 2016 remains in place, the cessation of orders poses a significant risk to the subsidiary's revenue. The company is currently in discussions with Hasbro to determine the future course of action and assess the financial impact. This development is critical as it affects a key business relationship within the company's plastics division.
Key Highlights
Hasbro S A communicated intent to cease placing purchase orders with Aequs subsidiary AEPPL via email on April 20, 2026.
The Master Supply Agreement (MSA) between the parties was executed on March 18, 2016, and recently amended on May 12, 2023.
AEPPL is a 100% wholly-owned subsidiary of Aequs Limited, making the impact direct to the consolidated financial performance.
Management is actively in discussions with the Hasbro team; the specific financial impact is currently being assessed.
๐ผ Action for Investors
Investors should exercise caution and monitor upcoming disclosures regarding the revenue contribution of Hasbro to Aequs's consolidated top line. It is advisable to wait for management's assessment of the financial impact before making further investment decisions.
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Aequs Limited Invests โน10 Crore in Subsidiary Aequs Force Consumer Products
Aequs Limited has infused โน10 crore into its wholly-owned subsidiary, Aequs Force Consumer Products Private Limited (AFCPPL), via a rights issue. This capital allocation is part of the planned utilization of IPO proceeds to support the subsidiary's working capital and operational needs. However, the subsidiary's financial health shows a concerning trend, with revenue dropping from โน75.5 crore in FY23 to โน21.2 crore in FY25. AFCPPL also reported a net loss of โน21.4 crore for the fiscal year ending March 2025.
Key Highlights
Investment of โน10 crore through the acquisition of 1,00,00,000 equity shares at โน10 each.
Subsidiary revenue declined sharply by 72% over two years, from โน75.5 crore in FY23 to โน21.2 crore in FY25.
AFCPPL reported a loss of โน21.4 crore in FY25, nearly equal to its total turnover for the year.
The investment is funded through IPO proceeds as specified in the December 2025 prospectus.
AFCPPL continues to be a 100% wholly-owned subsidiary focused on toy and consumer product manufacturing.
๐ผ Action for Investors
Investors should closely monitor the performance of the consumer products segment, as the subsidiary is currently loss-making with a significant downward revenue trajectory. The key concern is whether this โน10 crore infusion can effectively stabilize operations or if further capital will be required.
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Aequs Limited Invests โน14 Crore in Subsidiary Aequs Toys via Rights Issue
Aequs Limited has infused โน14 crore into its wholly-owned subsidiary, Aequs Toys Private Limited (ATPL), by subscribing to 1.4 crore equity shares at โน10 each. This investment is a planned deployment of IPO proceeds as per the company's December 2025 prospectus, aimed at meeting ATPL's working capital and operational needs. ATPL reported a turnover of โน9.14 crore and a net loss of โน31.72 crore for FY25. The parent company's shareholding remains unchanged at 100% following this transaction.
Key Highlights
Investment of โน14 crore through the subscription of 1.4 crore equity shares at par value.
Funds sourced from IPO proceeds to support working capital and business requirements.
Target entity ATPL reported a loss of โน31.72 crore on a turnover of โน9.14 crore in FY25.
Aequs Limited maintains 100% control and shareholding in the subsidiary post-investment.
๐ผ Action for Investors
Investors should monitor the toy segment's path to profitability, as it currently operates at a significant loss relative to its turnover. While the deployment of IPO funds is as per the stated plan, the operational turnaround of ATPL is key for long-term value creation.
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Aequs Shareholders Approve ESOP 2025 and Material Related Party Transactions
Aequs Limited shareholders have approved seven key resolutions via postal ballot, including the ratification and amendment of the Aequs Employee Stock Option Plan 2025 (ESOP 2025). The resolutions facilitate the secondary acquisition of shares through a trust route and provide company funds for these purchases to benefit employees. Additionally, shareholders approved material related party transactions with Aequs SEZ Private Limited and director nomination rights under a 2023 Shareholders' Agreement. All resolutions passed with a significant majority, reflecting strong institutional and promoter support with a total voter turnout of 87.22%.
Key Highlights
Ratification of ESOP 2025 passed with 98.42% of total votes in favor.
Approval for secondary acquisition of shares via trust route for ESOP implementation.
Shareholders cleared material related party transactions with Aequs SEZ Private Limited.
High voter turnout of 87.22% recorded across 40,559 shareholders.
Approval for director nomination rights under the Shareholders' Agreement dated October 12, 2023.
๐ผ Action for Investors
Investors should view the approval of ESOPs as a positive move for talent retention and alignment of employee interests with shareholders. However, they should continue to monitor the volume and terms of related party transactions with Aequs SEZ Private Limited to ensure they remain at arm's length.
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Aequs Limited Invests โน5.37 Crore in Subsidiary Aequs Engineered Plastics via Rights Issue
Aequs Limited has infused โน5.37 crore into its wholly-owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), by subscribing to 53.67 lakh shares at โน10 each. This investment is a planned utilization of IPO proceeds as per the December 2025 prospectus to support the subsidiary's working capital and operational needs. However, AEPPL's financial health is a concern, with turnover declining from โน135.6 crore in FY23 to โน54.7 crore in FY25, alongside a negative net worth of โน4.36 crore.
Key Highlights
Investment of โน5.37 crore through the subscription of 53,67,883 equity shares at โน10 per share.
Funding sourced from IPO proceeds to meet AEPPL's working capital and business requirements.
AEPPL's turnover has seen a sharp decline from โน135.6 Cr (FY23) to โน107.6 Cr (FY24) and โน54.7 Cr (FY25).
The subsidiary reported a loss of โน28.48 crore and a negative net worth of โน4.36 crore as of March 31, 2025.
Aequs Limited maintains 100% ownership of the subsidiary post-transaction.
๐ผ Action for Investors
Investors should closely monitor the performance of the plastics subsidiary, as the significant revenue decline and negative net worth pose a risk despite the capital infusion. The use of IPO proceeds is consistent with previous disclosures, but a turnaround in AEPPL's operations is critical for value creation.
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Aequs Limited Invests โน5.37 Crore in Subsidiary Aequs Engineered Plastics via Rights Issue
Aequs Limited has infused โน5.37 crore into its wholly-owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), by subscribing to 5.37 million equity shares at โน10 each. This investment is a planned utilization of IPO proceeds as per the company's December 2025 prospectus, aimed at meeting the subsidiary's working capital and operational requirements. The capital infusion comes at a critical time as AEPPL has seen a sharp decline in revenue from โน135.6 crore in FY23 to โน54.7 crore in FY25. Furthermore, the subsidiary reported a loss of โน28.48 crore and a negative net worth of โน4.36 crore for the financial year ending March 2025.
Key Highlights
Invested โน5.37 crore to acquire 5,367,883 equity shares at โน10 per share through a rights issue.
Funding sourced from IPO proceeds as specified in the Prospectus dated December 5, 2025.
Subsidiary turnover declined by approximately 60% over two years, from โน135.6 crore (FY23) to โน54.7 crore (FY25).
AEPPL reported a net loss of โน28.48 crore and a negative net worth of โน4.36 crore as of March 31, 2025.
AEPPL remains a 100% wholly-owned subsidiary focused on plastic products and toy manufacturing.
๐ผ Action for Investors
Investors should closely monitor whether this capital infusion can arrest the steep revenue decline and loss-making trend in the plastics and toy manufacturing segment. While the use of IPO proceeds is consistent with previous disclosures, the subsidiary's financial health remains a point of concern.
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Aequs Ltd Signs MoU with Karnataka Govt for INR 2,856 Crore Manufacturing Expansion
Aequs Limited has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Karnataka to facilitate a massive expansion of its manufacturing capabilities. The company plans a cumulative investment of approximately INR 2,856 Crores over a five-year period starting from FY 2026. The expansion will focus on aerospace precision engineering in the Belagavi SEZ and consumer electronics enclosures in the Hubballi Durable Goods Cluster. This strategic move is supported by the state government through streamlined regulatory approvals and potential financial incentives.
Key Highlights
Proposed cumulative investment of INR 2,856 Crores over five years starting FY 2026.
Expansion targets high-growth sectors: Aerospace precision engineering and Consumer Electronics enclosures.
Projects to be situated in Aequs SEZ (Belagavi) and Hubballi Durable Goods Cluster.
Government of Karnataka to provide priority facilitation for approvals, utility allocation, and incentives.
Investment includes both existing and proposed capital expenditure through various subsidiaries.
๐ผ Action for Investors
Investors should view this as a significant long-term growth driver and monitor the company's ability to secure funding and execute these large-scale projects on schedule. The focus on Aerospace and Electronics aligns well with India's 'Make in India' tailwinds.
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Aequs Limited CFO Dinesh Iyer Resigns; Effective June 30, 2026
Aequs Limited has announced that its Chief Financial Officer, Mr. Dinesh Iyer, has tendered his resignation effective June 30, 2026. The resignation was submitted on March 24, 2026, citing personal reasons, and the executive has confirmed there are no other material reasons for his departure. The company has a notice period of over 90 days to find a replacement and ensure a smooth transition of financial responsibilities. This orderly exit minimizes immediate operational risk for the company.
Key Highlights
CFO Dinesh Iyer resigned on March 24, 2026, with an effective exit date of June 30, 2026.
The resignation is attributed to personal reasons with no material concerns cited.
A transition period of approximately 3 months is provided for a smooth handover of duties.
The company is now tasked with identifying a successor for the Key Managerial Personnel (KMP) role.
๐ผ Action for Investors
Investors should monitor the company's upcoming announcements regarding the appointment of a new CFO to ensure continuity in financial leadership.
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Aequs Clarifies ESOP 2025 Terms: Exercise Price Set at Market Rate with 5-Year Vesting
Aequs Limited has provided a detailed clarification on its Employee Stock Option Plan 2025 (ESOP 2025) following feedback from proxy advisors regarding lack of transparency. The company has committed to setting the exercise price at the last traded market price, ensuring no arbitrary discounts are applied. The vesting schedule is structured with 50% time-based vesting over 5 years and the remaining linked to performance metrics like EBITDA and PAT. This clarification aims to align employee incentives with long-term shareholder interests and improve corporate governance standards.
Key Highlights
Exercise price will be the last traded price on the exchange with the highest volume on the day preceding the grant.
50% of options will vest over a 5-year period at a rate of 10% per year.
Performance-based vesting is tied to specific financial thresholds including Revenue, EBITDA, and PAT targets.
The total vesting period is capped at a maximum of 7 years with a minimum 1-year cliff from the date of grant.
The clarification was issued to address proxy advisor concerns regarding potential significant discounts and lack of defined vesting criteria.
๐ผ Action for Investors
Investors should take confidence in the company's responsiveness to proxy advisor feedback and its commitment to market-linked ESOP pricing which limits shareholder dilution. No immediate action is required, but the alignment of management incentives with financial performance is a positive sign for long-term growth.
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Aequs Limited Invests โน10.01 Crore in UAV Joint Venture for Defense and Aerospace
Aequs Limited has finalized an investment of โน10.01 crore into a joint venture focused on the Unmanned Aerial Vehicle (UAV) sector. The company subscribed to 10,000 equity shares and 9,91,000 Seed Compulsorily Convertible Preference Shares (CCPS) at a total price of โน100 per share. This venture, in partnership with Accel India and Vagus Defence, aims to develop, manufacture, and market drones both in India and internationally. This move marks a strategic expansion into the high-growth defense technology and aerospace IP segment.
Key Highlights
Total investment of โน10.01 crore in Ajna Aerospace & Defence Private Limited
Subscription includes 10,000 Equity Shares and 9,91,000 Seed CCPS at โน100 per share (including premium)
Joint venture partners include Accel India VIII (Mauritius) Ltd and Vagus Defence Tech & Aerospace Fund I
Business focus includes sourcing IP, developing proprietary drone technology, and manufacturing UAVs
Target markets include both domestic Indian defense requirements and international sales
๐ผ Action for Investors
Investors should view this as a positive diversification into the high-margin defense technology sector. Monitor the progress of the JV's product development and potential order wins in the UAV space as a catalyst for future growth.
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Aequs Limited to Acquire 33.33% Stake in Ajna Aerospace for INR 10.01 Crores
Aequs Limited has executed a Letter of Subscription to invest INR 10.01 Crores into Ajna Aerospace & Defence Private Limited (AADPL), a newly incorporated UAV manufacturing firm. This investment secures a 33.33% stake for Aequs on a fully diluted basis as part of a Joint Venture with Accel India and Vagus Defence Tech. AADPL specializes in Unmanned Aerial Vehicles (UAVs) and autonomous platforms for defense and industrial use. The transaction, consisting of equity and convertible preference shares, is expected to conclude by March 31, 2026.
Key Highlights
Investment of INR 10.01 Crores for a 33.33% equity stake on a fully diluted basis.
Subscription includes 10,000 equity shares and 9,91,000 Seed Compulsorily Convertible Preference shares.
Securities acquired at a price of INR 100 per share, including a premium of INR 90.
Joint Venture partners include Accel India VIII (Mauritius) Ltd and Vagus Defence Tech & Aerospace Fund I.
Target entity AADPL focuses on UAV/UAS manufacturing and IP development for defense and security sectors.
๐ผ Action for Investors
Investors should monitor this strategic entry into the high-growth defense drone and UAV sector as a long-term value driver. The partnership with Accel India suggests strong institutional backing for the new venture's technology roadmap.
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Aequs Ltd Seeks Approval for 2.04 Crore ESOP Options and Material Related Party Transactions
Aequs Limited has issued a postal ballot notice to seek shareholder approval for several key resolutions, primarily the ratification and amendment of its 'ESOP 2025' plan. The plan involves the grant of up to 2,04,00,000 options, which includes secondary acquisition of shares through a trust route and company-provided funding for these purchases. Additionally, the company is seeking approval for material related party transactions with Aequs SEZ Private Limited and director nomination rights under a prior shareholders' agreement. The e-voting period for these resolutions concludes on March 27, 2026.
Key Highlights
Ratification of Aequs Employee Stock Option Plan 2025 (ESOP 2025) covering 2,04,00,000 equity shares.
Approval for secondary market acquisition of shares via a Trust route for ESOP implementation.
Authorization for the company to provide funds to the Aequs Stock Option Plan Trust for share purchases.
Approval for material related party transactions between the company/subsidiaries and Aequs SEZ Private Limited.
E-voting period scheduled from February 26, 2026, to March 27, 2026, with results by March 31.
๐ผ Action for Investors
Investors should evaluate the potential dilution and financial impact of the 2.04 crore ESOP options and scrutinize the nature of the material related party transactions with Aequs SEZ. Monitor the voting results on March 31 to ensure governance standards are maintained regarding director nomination rights.
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Aequs Limited Seeks Approval for 2.04 Crore ESOPs and Material Related Party Transactions
Aequs Limited has initiated a postal ballot to seek shareholder approval for several key resolutions, primarily the ratification and amendment of its 'ESOP 2025' plan involving up to 2.04 crore equity shares. The company is also proposing to implement a trust route for secondary share acquisitions and extend ESOP benefits to employees of its holding and subsidiary companies. Furthermore, investors are asked to approve material related party transactions with Aequs SEZ Private Limited and formalize director nomination rights under a 2023 Shareholders' Agreement. The e-voting process concludes on March 27, 2026, with results expected by March 31, 2026.
Key Highlights
Ratification of Aequs Employee Stock Option Plan 2025 covering up to 2,04,00,000 equity shares.
Approval sought for secondary market purchase of shares via a trust route and company funding for the same.
Proposed material related party transactions between the company/subsidiaries and Aequs SEZ Private Limited.
Formalization of director nomination rights and alteration of the Articles of Association.
Remote e-voting period scheduled from February 26, 2026, to March 27, 2026.
๐ผ Action for Investors
Investors should review the specific terms of the material related party transactions and the potential cash flow impact of funding the ESOP trust. Participation in the e-voting is recommended to influence governance and incentive policies.
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Aequs Limited Invests โน230.7 Crore in Subsidiary AeroStructures Manufacturing via Rights Issue
Aequs Limited has injected โน230.7 crore into its wholly owned subsidiary, AeroStructures Manufacturing India Private Limited (ASMIPL), by subscribing to 7.99 million shares at โน288.76 each. This investment is a strategic deployment of IPO proceeds aimed at reducing the subsidiary's debt and funding capital expenditure. ASMIPL is a core growth engine for the company, reporting a turnover of โน5,082 million and a profit of โน334 million in FY25. The transaction maintains ASMIPL as a 100% subsidiary while strengthening its balance sheet for future manufacturing demands.
Key Highlights
Total investment of โน2,307.12 million (โน230.7 crore) through a rights issue subscription.
ASMIPL turnover grew 40.7% from โน3,612 million in FY23 to โน5,082 million in FY25.
The subsidiary reported a Profit After Tax (PAT) of โน334 million and a net worth of โน2,237 million for FY25.
Funds are specifically earmarked for bank loan repayment and meeting CAPEX requirements as per IPO prospectus.
Subscription price set at โน288.76 per equity share for 7,989,750 shares.
๐ผ Action for Investors
Investors should view this as a positive execution of the company's IPO objectives, which will likely lower interest costs and support capacity expansion in the aerospace segment.
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Aequs Limited to Invest โน1,900 Crores in Tamil Nadu for Aerospace Manufacturing Unit
Aequs Limited has signed a non-binding Memorandum of Understanding (MoU) with Guidance, the nodal agency of the Government of Tamil Nadu, to establish a new manufacturing facility. The company, along with its group partners, proposes to invest up to โน1,900 crores over the next ten years. The unit will focus on high-precision components for aircraft engines, landing gear, and other aerospace systems. The state government will provide infrastructure support and standard policy incentives to facilitate this long-term project.
Key Highlights
Proposed investment of up to โน1,900 crores over a 10-year period
Focus on manufacturing components for aircraft engines, landing gear, and systems
MoU signed with Guidance, the nodal agency of the Government of Tamil Nadu
Government to provide infrastructure support and standard policy incentives
Project aims to strengthen the company's domestic manufacturing footprint in the aerospace sector
๐ผ Action for Investors
This is a significant long-term growth commitment in the high-barrier aerospace sector; investors should monitor the transition from this non-binding MoU to actual capital expenditure and project execution.
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Aequs Limited Q3 FY26 Revenue Up 51% to INR 3,262 Million; Aerospace Order Book at USD 814 Million
Aequs Limited reported its highest-ever quarterly revenue of INR 3,262 million in Q3 FY26, a 51% YoY increase driven by aerospace and consumer segments. While EBITDA surged 353% to INR 381 million, the company reported a net loss of INR 426 million due to one-time IPO and labor code expenses totaling INR 167 million. The aerospace segment remains the primary driver, contributing 86% of revenue with a robust order book of USD 814 million. Expansion into consumer electronics and toys is progressing with new client Mattel and recent PLI incentive approvals.
Key Highlights
Revenue grew 51% YoY to INR 3,262 million, marking the highest quarterly performance to date.
Aerospace order book stands at USD 814 million, providing significant long-term revenue visibility.
EBITDA increased by 353% YoY to INR 381 million with an operating margin of 12%.
Commenced shipments for Mattel and received MeitY approval for PLI incentives in electronic components.
Reported PAT was negative INR 426 million, heavily impacted by one-time listing and labor-related costs.
๐ผ Action for Investors
Investors should focus on the strong aerospace order book and the scaling consumer segment as key growth drivers. Monitor the normalization of earnings in upcoming quarters as one-time IPO-related expenses subside.
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Aequs Limited Invests โน9.63 Crore in Subsidiary Aequs Engineered Plastics via Rights Issue
Aequs Limited has injected โน9.63 crore into its wholly owned subsidiary, Aequs Engineered Plastics Private Limited (AEPPL), through a rights issue subscription of 96.32 lakh shares. This investment is a planned utilization of IPO proceeds aimed at debt repayment and meeting working capital requirements for the subsidiary. However, AEPPL's financial health is under pressure, with revenue declining from โน135.6 crore in FY23 to โน54.65 crore in FY25. The subsidiary reported a net loss of โน28.48 crore and a negative net worth of โน4.36 crore as of March 31, 2025.
Key Highlights
Invested โน9.63 crore by subscribing to 96,32,117 equity shares at โน10 per share
AEPPL revenue declined significantly from โน135.6 crore in FY23 to โน54.65 crore in FY25
Subsidiary reported a net loss of โน28.48 crore and negative net worth of โน4.36 crore for FY25
Capital injection sourced from IPO proceeds to be used for bank loan repayment and working capital
AEPPL remains a 100% wholly owned subsidiary post-investment
๐ผ Action for Investors
Investors should closely monitor the performance of the plastics and toy manufacturing segment, as the subsidiary is currently loss-making with a shrinking top line. While the capital injection follows the IPO prospectus plan, the operational turnaround of AEPPL is critical for consolidated profitability.
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Aequs Limited Invests โน4 Crore in Subsidiary Aequs Toys via Rights Issue
Aequs Limited has invested โน4 crore in its wholly-owned subsidiary, Aequs Toys Private Limited (ATPL), by subscribing to 40 lakh equity shares at โน10 each. This capital infusion is a planned utilization of IPO proceeds as per the company's December 2025 prospectus. The funds are earmarked for the subsidiary's working capital requirements. While ATPL is currently loss-making, with a net loss of โน31.72 crore in FY25, the parent company continues to support its manufacturing and sales operations.
Key Highlights
Investment of โน4,00,00,000 (โน4 crore) through a rights issue in Aequs Toys Private Limited.
Subscription of 4,000,000 equity shares at a price of โน10 per share.
Utilization of IPO proceeds to meet working capital requirements of the subsidiary.
Aequs Toys reported a turnover of โน9.14 crore and a net loss of โน31.72 crore for FY 2024-25.
The subsidiary remains 100% owned by Aequs Limited with no change in control.
๐ผ Action for Investors
Investors should note that this is a planned deployment of IPO funds, but should monitor the toy subsidiary's path to profitability given its significant losses relative to turnover.
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Aequs Reports Q3 FY26 Revenue Growth of 51% and 353% EBITDA Surge
Aequs Limited reported strong operational performance for Q3 FY26, with revenue growing 51% YoY to โน3,262 Mn and EBITDA surging 353% to โน381 Mn. While the company reported a net loss of โน426 Mn for the quarter, the 9M FY26 losses narrowed significantly to โน593 Mn from โน1,115 Mn in the previous year. The aerospace segment remains a powerhouse with a massive orderbook of USD 814 Mn, and the company is diversifying into the UAV defense sector. High export exposure at 90% and new client additions like Mattel indicate strong global traction.
Key Highlights
Q3 FY26 Revenue increased 51% YoY to โน3,262 Mn, while 9M FY26 EBITDA grew 85% to โน1,222 Mn.
EBITDA margins expanded by 800 bps YoY to 12% in Q3 FY26 due to operating leverage.
Aerospace orderbook stands at a robust USD 814 Mn with 90% of total revenue derived from exports.
Net loss for 9M FY26 narrowed by 47% to โน593 Mn, despite โน167 Mn in one-time IPO and labor-related costs.
Strategic entry into UAV manufacturing for Indian defense and receipt of MeitY PLI approval for electronics.
๐ผ Action for Investors
Investors should monitor the company's progress toward bottom-line profitability as operational margins improve and one-time IPO costs subside. The massive aerospace orderbook and entry into the UAV segment provide significant long-term growth visibility.
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Aequs Ltd Reports 9M FY26 Revenue of โน8,633 Mn with EBITDA Margin Expansion to 14.2%
Aequs Limited demonstrated robust operational performance for the nine months ended December 31, 2025, recording a revenue of โน8,633 million and an EBITDA of โน1,222 million. The company successfully expanded its EBITDA margin to 14.2%, up from 11.6% in FY25, highlighting improved efficiency in its vertically integrated manufacturing model. The Aerospace segment continues to be the primary growth engine, contributing 86% of total revenue, while the Consumer segment accounts for the remaining 14%. With an annualized installed capacity of 3.96 million hours for FY26, the company is scaling its 'ecosystem' approach across three major Indian clusters.
Key Highlights
9M FY26 Revenue reached โน8,633 million with an EBITDA of โน1,222 million.
EBITDA margins improved to 14.2% compared to 11.6% for the full year FY25.
Aerospace segment maintains a massive portfolio of 5,221 products, contributing 86% of 9M revenue.
Annualized installed capacity for FY26 stands at 3.96 million machining and molding hours.
Maintains strategic long-term relationships averaging 15 years with top-tier customers like Airbus and Boeing.
๐ผ Action for Investors
Investors should view the margin expansion and high revenue contribution from long-cycle aerospace programs as a sign of competitive strength. The company's position as a key beneficiary of the 'Make in India' and 'China+1' strategies makes it a significant player to watch in the precision engineering space.