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Earnings Call Transcript

Aequs Earnings Call Transcript: Key Takeaways

Aequs reported record Q4 revenue driven by 47% growth in aerospace; however, Q4 EBITDA margins dropped to 9% due to consumer electronics ramp-up costs.

Highlights
Revenue growthFY26 revenue grew 33% YoY; Q4 revenue up 47% YoY.
MarginsFY26 EBITDA margin improved to 13%; Q4 dipped on ramp-up costs.
Order bookAerospace order book stands at USD 889 Mn.
Demand visibilityStrong; backed by USD 889 Mn aerospace order book.
Management confidenceHigh; CEO cites landmark year with IPO and record quarterly revenue.

Growth

FY26 revenue grew 33% YoY to ₹12,304 Mn; Aerospace grew 27% while Consumer grew 84%.

Outlook

Entering FY27 with an aerospace order book of USD 889 Mn and strategic MoU investments totaling ₹4,756 crore.

Risks

Consumer segment utilization remains low at 23%; PAT remains negative at ₹-1,133 Mn for FY26.

Last quarter's promises, checked

Delivered

  • Guided 25-30% Aerospace growth → delivered 27% (= BEAT)
  • Guided EBITDA margin expansion → delivered 100bps improvement to 13% (= BEAT)
  • Guided EBITDA growth outpacing revenue → delivered 43% vs 33% (= BEAT)

Partly delivered

  • Guided Consumer ramp-up → delivered 84% revenue growth but 23% utilization (= PARTIAL)

Missed

  • Guided Hasbro as strategic partner → delivered Hasbro exit/stop POS (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: AEQUS. Summary written with AI assistance from the document.

Read the document ↗

Aequs Ltd: key numbers

Share price
₹246.05
Market cap
₹16,502 Cr
Revenue (annual)
₹1,230 Cr
Net profit (annual)
₹-113.2 Cr
P/E (TTM)
-96.9×Sector 53.6×
Promoter holding
59.09%+0.01% QoQ
FII holding
5.17%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Aequs Ltd

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18:35 IST NSE
Other Announcement

Aequs Other Announcement

Aequs Limited has designated its Co-Founder & Managing Director and CFO as the Key Managerial Personnel authorized to determine materiality for stock exchange disclosures.

18:05 IST NSE
Fund Raise

Aequs Fund Raise of ₹650 Cr

Aequs Limited's Board approved a preferential issue of 28,071,690 warrants to Mellwood Trustee Services Private Limited aggregating to ₹649.99998195 Crore.

Value
₹650.0 Cr
10:40 IST BSE
Share Pledge

Aequs Share Pledge

Aequs promoter Melligeri Private Family Foundation pledged 10,05,13,070 shares (14.99%) to secure a ₹200 Crore facility from 360 One Prime Ltd. This equals 25.36% of total promoter group holding.

Value
₹200.0 Cr
21:58 IST BSE
Board Meeting Date

Aequs Board Meeting Date

Aequs Limited has scheduled a board meeting for September 25, 2026, to discuss a proposed preferential issue of warrants and to convene an extraordinary general meeting.

21:44 IST BSE
Share Pledge

Aequs Share Pledge

Promoter Melligeri Private Family Foundation pledged 10.05 crore shares valued at ₹2,300.74 Crore. The pledge is a material transaction requiring public disclosure.

Value
₹2,301 Cr
17:08 IST NSE
Merger & Restructuring

Aequs Merger & Restructuring

Aequs Limited's step-down subsidiary, Aequs Toys HongKong Private Limited, has been voluntarily wound up and dissolved. The entity was not material to the company.