Aequs Limited – Investor Presentation Summary
Key Operational Highlights
- Aerospace order book crossed USD 1 billion, a 13% sequential increase to USD 1,004 Mn.
- Signed long-term agreements with two new Aerostructures Tier-1 customers during the quarter.
- Signed first contract for fully assembled Airbus A320 wheels with Safran Landing Systems.
- Consumer business revenue nearly tripled YoY as new facilities moved up the production curve.
Key drivers of operational performance: Higher build rates in Aerospace, expanding portfolio, and improving utilization in Consumer business.
Segment-wise Performance
- Aerospace Segment ROCE: 21.69% in Q1 FY27 (21.96% in Q1 FY26).
- Consumer Segment ROCE: -24.77% in Q1 FY27 (-7.45% in Q1 FY26).
Explanation of significant changes in segment performance: Consumer segment performance impacted by low utilization but showing improvement QoQ.
Financial Highlights
Revenue: ₹3,955 Mn
EBITDA: ₹215 Mn (including other income)
Operational EBITDA (ex. other income): ₹148 Mn
PAT: Loss of ₹532 Mn
EPS: Not Specified
Margins: Operational EBITDA margin of 4% (1% in Q4FY26)
YoY/QoQ comparison: Revenue grew 55% YoY and 8% QoQ; Operational EBITDA grew 252% QoQ; PAT loss improved from adjusted Q4 FY26 loss of ₹631 Mn (excluding ₹90 Mn exceptional gain) to ₹532 Mn.
Drivers of financial performance: Continued Aerospace growth, improving utilization in Consumer business, operational leverage.
Comparison to market estimates: Not Specified
Key Risks: Not Specified
Geographical Revenue Split
Domestic vs Export/Regional Revenue: Not Specified
Regional Breakdown: Not Specified
Balance Sheet Snapshot
Net Debt/Equity: Not Specified
Reserves: ₹7,625 Mn (Q1 FY27)
Current Assets: ₹13,011 Mn
Current Liabilities: ₹8,442 Mn
Working Capital/Leverage Metrics: Not Specified
Financial Health Insights: Not Specified
Capex & Cash Flow Health
Capital Expenditure: ₹830 Mn invested in Q1 FY27
Free Cash Flow: Not Specified
Operating Cash Flow: Negative ₹414 Mn in Q1 FY27
Net Debt Movement: Not Specified
Investment Rationale: Support future growth, capacity expansion
Strategic & R&D Initiatives
Investments in Innovation: Expanding Consumer value proposition from component supply to integrated kit supplies and new-product co-development through FY31.
Expected impact on growth: Not Specified
Strategic Rationale: Building towards a broader role with customers.
Industry Trends & Business Environment
Macro/Industry Trends: Not Specified
Impact on Company: Not Specified
Management Commentary & Growth Outlook
Strategic Outlook: "Q1 marks a strong start to FY27 - the year we committed to translating expanded capacity into financial returns... reinforcing our Vision 2031 roadmap of 4–6x revenue growth, 18–22% EBITDA margin and 20% steady-state RoCE." - Aravind Melligeri, Executive Chairman and CEO
FY Guidance: Consumer EBITDA breakeven by Q4 FY27 and consolidated PAT breakeven by H1 FY28.
Market Share Targets: Not Specified
Risks and Opportunities: Not Specified