Aequs H1 FY27 revenue up 50% to ₹8,046 Mn; net loss widens to ₹1,054 Mn as Consumer ramp lags
H1 FY27 revenue up 50% to ₹8,046 Mn, EBITDA down 45% to ₹460 Mn, net loss of ₹1,054 Mn; aerospace order book USD 1,096 Mn.
By ScoutQuest · · 1 min read
- H1 FY27 Revenue
- ₹8,046 Mn, up 50% YoY
- H1 FY27 EBITDA
- ₹460 Mn, down 45% (6% margin vs 16%)
- H1 FY27 Net Loss
- ₹(1,054) Mn
- Period
- Q2 and H1 FY27
- Positioning
- Aequs describes itself as a founder-led aerospace and consumer manufacturer with manufacturing presence across 3 continents, clusters in Belagavi, Hubballi and Koppal plus plants in Texas and France.
📉 H1 FY27 revenue rose 50% YoY to ₹8,046 Mn, with Aerospace at ₹6,736 Mn (up 42%) and Consumer at ₹1,310 Mn (more than doubled). EBITDA fell 45% to ₹460 Mn (6% margin vs 16%) and the net loss was ₹(1,054) Mn, which the company attributes to consumer electronics costs now being expensed after commercial operations began.
📉 In Q2 FY27 revenue was ₹4,091 Mn (up 45% YoY, 3% QoQ), EBITDA ₹245 Mn and loss ₹(522) Mn. Operating cash flow for H1 was ₹(808) Mn, capex ₹(1,597) Mn and closing cash ₹1,710 Mn; non-current borrowings rose to ₹2,809 Mn from ₹1,002 Mn.
🎯 Management states the Consumer ramp was slower than anticipated due to qualification timelines and supply chain constraints, calls it a timing shift, and says it is recalibrating the path to Consumer EBITDA breakeven from its earlier Q4 FY27 guidance, with near-term focus on utilisation (Consumer at 17%).
📋 The company says its aerospace order book of USD 1,096 Mn (up 9% QoQ) provides revenue visibility, citing a 15+ year Safran A320 wheels contract, new agreements extending ties to six Safran entities, and a ₹6,500 Mn promoter warrant intended to fund expansion including Hosur.
Also from Aequs
Monitoring agency report: no material deviation in use of Pre-IPO and IPO proceeds
28 Oct 2026
Aequs Q2/H1 FY27 earnings call held Oct 26, 2026; audio recording uploaded
26 Oct 2026
Q2 revenue rises 45% YoY; net loss widens to ₹522 Mn
26 Oct 2026
More numbers
- Revenue from operations, H1 FY278,046 (₹ Mn)
- EBITDA, H1 FY27460 (₹ Mn)
- Profit/(Loss) after tax, H1 FY27(1,054) (₹ Mn)
- Revenue from operations, Q2 FY274,091 (₹ Mn)
- Profit/(Loss) after tax, Q2 FY27(522) (₹ Mn)
- Aerospace revenue, H1 FY276,736 (₹ Mn.)
- Consumer revenue, H1 FY271,310 (₹ Mn.)
- Promoter warrant₹6,500 Mn
- Capital expenditures, H1 FY27(1,597) (₹ Mn)
- Cash flow from operations, H1 FY27(808) (₹ Mn)
- Cash and cash equivalents, 30 Sep 20261,710 (₹ Mn)
- Consumer capacity utilisation, Q2 FY2717%
- Order bookUSD 1,096 Mn
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