Contract manufacturer Aequs reported a 33% increase in revenue for the fiscal year 2026, driven by its aerospace and consumer businesses. However, the company also saw its net loss widen to Rs 113.3 crore from Rs 102.4 crore the previous year.
In the March quarter, Aequs' revenue from operations rose 47% year-on-year to Rs 367 crore, primarily due to growth in its aerospace segment. Despite this, the company reported a net loss of Rs 54.1 crore for the quarter. The aerospace business remained a key growth driver, with segment revenue increasing 27% year-on-year to Rs 1,046.4 crore in FY26. The order book for aerospace stood at $889 million, and the company added 433 new aerospace parts during the quarter, expanding its portfolio to 5,654 SKUs.
The consumer business also showed significant growth, increasing 84% year-on-year as Aequs expanded its manufacturing programs in electronics, plastics, and durables. The consumer segment contributed 17% to revenues in the fourth quarter. The company attributed its quarterly profit impact to the commencement of commercial operations in its consumer electronics business, which led to higher operating costs amid low capacity utilization.
“FY26 has been a landmark year for Aequs defined by strong execution, meaningful business expansion, and our IPO.”
Aravind Melligeri, executive chairman and chief executive officer, Aequs
Aequs went public in December 2025, raising Rs 921.81 crore with a listing premium of 13% over the issue price of Rs 124. The company signed investment memorandums with the governments of Tamil Nadu and Karnataka worth Rs 190 crore and Rs 285.6 crore, respectively, to expand its aerospace and consumer manufacturing operations.
"FY26 has been a landmark year for Aequs defined by strong execution, meaningful business expansion, and our IPO," said Aravind Melligeri, executive chairman and chief executive officer of Aequs. He emphasized that the company's quality standards and delivery reliability continue to underpin long-term OEM relationships.
Background
Aequs' performance reflects its strategic focus on expanding its aerospace and consumer segments, which are crucial for its growth trajectory. The company's partnerships with major aerospace OEMs and consumer brands position it well in the competitive market.
Looking ahead, Aequs aims to leverage its expanded manufacturing capabilities and strategic partnerships to improve profitability. Investors will be watching how the company manages its operational costs and capacity utilization in the coming quarters.
