Aequs (AEQUS) investor relations material

Executive summary

• Achieved highest-ever quarterly revenue in Q3 FY26, up 51% YoY, driven by strong growth in aerospace and consumer segments.

• EBITDA for Q3 FY26 increased 353% YoY to INR 381 million, with margin improving to 12%.

• Nine-month FY26 revenue rose 28% YoY to INR 8,633 million, with EBITDA up 85% and margin at 14%.

• Aerospace remains the core business, contributing 82%-86% of revenue, with a robust $814 million order book.

• Consumer segment, including electronics and toys, is scaling rapidly but remains in investment phase, impacting margins.

Financial highlights

• Q3 FY26 revenue: INR 3,262 million, up 51% YoY; EBITDA: INR 381 million, up 353% YoY; EBITDA margin: 12%.

• Adjusted PAT for Q3: INR -259 million, after excluding one-time labor code and IPO expenses.

• Nine months FY26 revenue: INR 8,633 million, up 28% YoY; EBITDA: INR 1,222 million, up 85%; EBITDA margin: 14%.

• Adjusted nine-month PAT loss: INR 426 million, a 62% YoY improvement.

• Exports accounted for 90% of revenues, reflecting strong global OEM traction.

Outlook and guidance

• Aerospace order book of $814 million to be delivered over next 5-7 years, with ongoing contract wins.

• Consumer segment utilization improved to 31%, up 12% YoY, with new customer additions and product launches.

• Management targets long-term balance between aerospace and consumer businesses, with similar margin profiles at scale.

• No formal revenue or margin guidance for FY27 at this time.

• Management expects continued robust performance, supported by disciplined execution and a well-scaled operating footprint.