AEQUS LIMITED

Aequs Limited reported a strong start to Q1 FY27, with consolidated revenue growing 55% year-on-year to INR3,955 million, and an 8% sequential increase. Aerospace revenue rose 40% year-on-year, while the consumer segment nearly tripled, contributing 19% to total revenue. Management noted that reported EBITDA was INR215 million, lower than Q4 due to high other income in the previous quarter, but operational EBITDA improved significantly from INR42 million in Q4 to INR148 million in Q1. The company signed long-term agreements with new Tier-1 aerospace customers and aims for 25% to 30% aerospace revenue growth with EBITDA margins above 20%. Management set a goal for approximately 45% to 50% top-line revenue growth for the full year, with a focus on achieving consumer EBITDA breakeven by Q4 FY27. The earnings call highlighted ongoing investments and a robust order book exceeding USD1 billion.

Management emphasized strong revenue growth and operational improvements.