Aequs Limited reports strong performance in third quarter

Belagavi-based aviation company Aequs Limited has reported strong year-on-year (YoY) growth in revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

As per financial results for the quarter and nine months ended announced on December 31, 2025, reported Profit After Tax (PAT) includes one-time expenses related to labour law changes and IPO-related costs of ₹167 million. Revenue grew 51% YoY to ₹3,262 million, driven by strong aerospace performance, and continued to ramp up in consumer programmes. EBITDA increased 353% YoY to ₹381 million, supported by strong revenue growth and operating leverage.

Aequs is an engineering-led, vertically integrated, precision manufacturing company with a strong global footprint across the aerospace and consumer segments.

Revenue grew 28% YoY to ₹8,633 million, led by strong momentum in aerospace and consumer programmes. EBITDA grew 85% YoY to ₹1,222 million, with margin expansion driven by revenue growth and operating discipline. Losses narrowed materially, supported by improving utilisation and better absorption. Exports accounted for 90% of revenues, reflecting strong traction with global Original Equipment Manufacturers (OEMs).

Its aerospace orderbook stands at $814 million. Consumer electronics programs awarded earlier have been fully industrialised, with revenues now beginning to flow.

Partnered with Accel India and Vagus Defence to enter design and manufacturing of Unmanned Aeriel Vehicles (UAV), primarily for India defence requirements, it has obtained approval from MeitY for Production Linked Incentive under Electronics Components Manufacturing Scheme (ECMS). It added Mattel as a new customer and shipments started during the quarter​​​.

Commenting on the performance, Aravind Melligeri, executive chairman and CEO, Aequs Limited, said, “The business continues to deliver robust quarter-on-quarter performance, supported by disciplined execution across our aerospace and consumer programs and well-scaled operating footprint. In Q3, coordinated planning and shop-floor execution supported stable operations across our facilities, with revenues growing 51% year-on-year. Across the portfolio, key programmes advanced through planned production milestones, supported by improving utilisation levels alongside capacity additions,’’ he said, according to a release.