Event Type: Q1 FY27 Earnings Conference Call pertaining to the Un-audited Financial Results of the Company for the quarter ended June 30, 2026.

Date and Time: The earnings conference call was held on Wednesday, July 29, 2026. The specific time was not mentioned in the disclosure.

Purpose: Discussion of quarterly results and business updates following the release of Q1 FY27 financial results.

Management Participants:

  • Mr. Aravind Melligeri – Executive Chairman and Chief Executive Officer
  • Mr. Rajeev Kaul – Co-founder and Managing Director
  • Mr. Harish Bang – Vice President-Finance
  • Moderator: Mr. Manav Poal from EY

Availability of Materials: The transcript of the earnings conference call was made available on the Company's website at https://www.aequs.com/wp-content/uploads/2026/08/Transcript-Q1-FY-27.pdf

Financial Period Discussed: Q1 FY27 (quarter ended June 30, 2026)

Key Financial Highlights:

  • Consolidated revenue grew 55% year-on-year to ₹3,955 million, up 8% sequentially
  • Aerospace revenue increased 40% year-on-year and 6% sequentially to ₹3,222 million
  • Consumer revenue increased 190% year-on-year and 16% sequentially to ₹734 million
  • Reported EBITDA stood at ₹215 million with a margin of 5% for the quarter
  • Operational EBITDA (excluding other income) improved from ₹42 million in Q4 FY26 to ₹148 million in Q1 FY27 (3.5x sequential improvement)
  • Aerospace segment EBITDA stood at ₹731 million (23% margin)
  • Consumer segment EBITDA loss narrowed by ₹112 million sequentially to ₹361 million loss
  • PAT stood at a loss of ₹532 million for Q1 FY27
  • Order book crossed USD 1 billion mark (13% sequential increase from USD 889 million)

Strategic Updates and Forward-looking Statements:

  • Signed long-term agreements with two new aerostructure Tier-1 customers
  • Signed first contract for fully integrated Airbus A320 wheels with Safran Landing Systems (15-year agreement)
  • Added 86 new parts, expanding portfolio to 5,740 parts
  • Evaluating acceleration of aerospace capex plan to meet customer requirements
  • FY27 priorities: grow aerospace revenue 25-30% with margins above 20%, drive consumer utilization, achieve consumer EBITDA breakeven by Q4 FY27
  • Full-year guidance: 45-50% revenue growth with doubling of operational EBITDA
  • Consumer capacity utilization currently at 22%, targeting 40-50% by Q4 FY27
  • Planned capex of ₹660 crores for FY27 (originally ₹500 crores consumer, ₹160 crores aerospace, may see aerospace acceleration)
  • 5-year investment plan: USD 350-400 million capex from FY27 to FY31

Compliance Statement: The document contains standard forward-looking statement disclaimer noting that discussions may contain forward-looking statements that involve known or unknown uncertainties and other factors.

Additional Notes Section

The document is a regulatory filing containing the transcript of the earnings conference call. No financial data beyond what was disclosed in the official results appears to have been shared in this announcement. The filing was made pursuant to Regulation 30 and 46 read with Schedule III of the SEBI Listing Regulations.