Aequs Ltd.H1 revenue +50%, $1.1 Bn aerospace orders, consumer reset

Aequs Limited's Q2 FY27 call, held on 26 October 2026, reported first-half consolidated revenue up 50% to ₹8,046 million, with Q2 revenue up 45% to ₹4,091 million.

Aerospace, 86% of Q2 revenue, grew 44% to ₹3,514 million with segment EBITDA up 24% at about a 22% margin, and its order book reached $1.1 billion after a new long-term agreement with six Safran entities. The consumer segment lost ₹401 million at EBITDA level as volumes fell to ₹577 million from ₹734 million in Q1, and management is recalibrating its earlier Q4 FY27 breakeven milestone without giving a new date. Consolidated EBITDA was ₹245 million at a 6% margin against 16% a year ago, the Q2 net loss was ₹522 million, and net debt to equity rose to 0.5x.

The promoter group will invest ₹6,500 million through preferential warrants. Management kept its goal of 4 to 6x growth by 2031, expects FY27 capex well below ₹660 crore, and plans the Hosur aerospace ecosystem with production from FY29.