Aequs Ltd. · NSE:AEQUS
Aequs — Q1 FY27 Earnings Presentation
30 slides from Aequs's earnings presentation, Jul 29, 2026
Slide 1: Regulation 30 cover letter to stock exchanges
July 29, 2026 To, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, 20th Floor, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 NSE Scrip Symbol: AEQUS BSE Scrip Code: 544634 Subject: Investor Presentation Ref: Regulat
Slide 2: Investor Presentation Q1 FY27
Investor P resenta tio n Q1 FY27
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation by Aequs Limited (“Company”) may contain statements related to the future business prospects, financial performance, strategies, and have been prepared solely for information purposes and nothing in it shall be construed as an invitation, offer, solicitation,
Slide 4: Table of Contents
Table of Contents 1 Aequs – A Snapshot 2 Q1 FY27 Highlights 3 About Us 4 Why Aequs 3
Slide 5: Aequs Limited – A snapshot
01. Aequs Limited – A snapshot We are the only engineering led, vertically integrated precision manufacturer within a single SEZ Business Manufacturing What sets us Robust Operations Capabilities apart? Financials 2 100% 15 years ₹3,955 Mn Business segments In-country value addition for Avg. Relatio
Slide 6: Q1 FY27 Financial Highlights
02 Q1 FY27 Financial Highlights 5
Slide 7: Performance Highlights
Performance Highlights Q1 FY27 Highlights (₹ Mn.) Q1 marks a strong start to FY27 - the year we committed to translating expanded 5% - 13% capacity into financial returns. Revenue grew 55% YoY to ₹3,955 Mn, led by 3,955 215 -532 Aerospace with higher build rates and an expanding portfolio, and custo
Slide 8: Business Highlights
Business Highlights Key updates Aerospace order book crosses USD 1 billion: A 13% sequential 70% 22% increase to USD 1,004 Mn expands the scale of committed programmes and reinforces the segment’s long-term growth trajectory. Aerospace Capacity Consumer Capacity Utilisation (India – 78%) Utilisation
Slide 9: Result Snapshot (Q1 FY27)
Result Snapshot (Q1 FY27) (₹ Mn.) Revenue Revenue EBITDA & EBITDA Margins PAT & PAT Margins 55% YoY 16% 9% 5% 1% -14% -13% 46% YoY Q1 FY26 Q4 FY26 Q1 FY27 8% QoQ 3,955 39 3,671 399 321 33% QoQ* 2,556 215 2% QoQ -532 -541 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 >100% YoY Highlights ▪ Q1FY27 R
Slide 10: Result Snapshot (Q1 FY27) Including JV share
Result Snapshot (Q1 FY27) Including JV share (₹ Mn.) Revenue Revenue EBITDA & EBITDA Margins PAT & PAT Margins 53% YoY 16% 10% 7% 1% -14% -13% 32% YoY 4,301 Q1 FY26 Q4 FY26 Q1 FY27 8% QoQ 3,984 448 417 39 2,816 307 26% QoQ 2% QoQ -532 -541 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 >100% YoY Hi
Slide 11: Revenue Profile
Revenue Profile Business Segments Revenue (INR Mn) Exports Profile (%) Q1 FY27 Q1 FY27 12% 19% 734 477 3,222 81% 3,478 88% Aerospace Consumer Exports Domestic Q1 FY26 Q1 FY26 10% 253 11% 273 90% 2,283 89% 2,303 10
Slide 12: Segment Update: (Q1 FY27)
Segment Update: (Q1 FY27) (₹ Mn.) Aerospace YoY 40% YoY 35% QoQ 6% 3,222 EBITDA Revenue 3,040 1,010 QoQ 28%* Growth 2,303 Movement 731 539 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Consumer Q1 FY26 Q4 FY26 Q1 FY27 YoY>100 % 0 QoQ 16% -100 734 -74 631 -200 Revenue EBITDA -300 -361 Growth Moveme
Slide 13: Key Metrics
Key Metrics Net Debt/Equity (x) Fixed Asset Turnover (x) Net Working Capital Days(1) 0.88 2.07 123 125 1.56 0.34 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 ROE (%) ROCE (%) (2) Segment ROCE (%) Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Period Q1 FY26 Q1 FY27 1.88 Aerospace 21.96% 21.69% 4.25 Consumer -7.
Slide 14: Consolidated P/L Statement
Consolidated P/L Statement (₹ Mn.) Particulars Q1 FY27 Q1 FY26 YoY Change Q4 FY26 QoQ Change Revenue from operations 3,955 2,556 55% 3,671 8% Other income 67 126 279 Total income 4,023 2,682 50% 3,950 2% Consumption 1,685 1,065 1,501 Employee benefit expense 690 435 634 Other expenses 1,433 784 1,49
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ Mn.) As at As at As at As at Particulars Particulars Q1 FY27 Q4 FY26 Q1 FY27 Q4 FY26 EQUITY AND LIABILITIES ASSETS EQUITY Non-current assets Equity share capital 6,707 6,707 Property, plant and equipment 8,781 8,755 Reserves and surplus 7,625 8,149 Right-of-use assets 2
Slide 16: Cash Flow Statement
Cash Flow Statement (₹ Mn.) Particulars Q1 FY27 Q1 FY26 Profit /(loss) before tax (398) 65 Depreciation 453 249 Finance Cost 183 91 Change in Working Capital (653) (131) Cash flow from operations (A) (414) 274 Capital expenditures (830) (1,655) Other 27 (32) Investing Activities (B) (803) (1,687) Te
Slide 17: About Us
03 About Us 16
Slide 18: History and evolution of the company
History and evolution of the company ▪ Entered JV with Accel India Fund, Vagus to set up Ajna Aerospace to focus on UAV ▪ Expansion into Europe manufacturing. through acquisition of SIRA Group ▪ Entered into MoU with TN Govt. for India’s ▪ Began manufacturing ▪ Delivered first first Aero Engine oper
Slide 19: Key business segments - Aerospace
Key business segments - Aerospace Aerospace Segment One of the largest portfolios of aerospace products in India 81% Revenue Contribution (Q1 FY27) Interiors & Cargo Structures Turnings We have deep exposure to long-cycle, recurring aerospace programs 601 SKUs 4,231 SKUs 121 SKUs Assemblies Key High
Slide 20: Our Manufacturing Excellence – Aerospace
Our Manufacturing Excellence – Aerospace Only company within a single SEZ with end-to-end manufacturing capabilities for the Aerospace Segment in India Ability to manufacture components from start-to-finish Forging Precision Machining Surface Treatment Aero Assemblies Multi-spindle and Multitasking
Slide 21: Key business segments - Consumer
Key business segments - Consumer Consumer Segment Our Diverse Consumer Portfolio Application Product Portfolio 19% Revenue Contribution (Q1 FY27) Consumer Segment Consumer Components for portable Scaling a diversified consumer portfolio leveraging Electronic Components Electronics computers and smar
Slide 22: Our Manufacturing Excellence – Consumer
Our Manufacturing Excellence – Consumer Molding Stamping Machining Secondary Process Chemical Surface Assembly Treatment Mechanical Press – 200T Vertical and Horizontal Injection Molding machining 10 Processes Ultrasonic Welding Hydraulic Press – 400T Anodizing Blow Molding Pneumatic Press 3 Axis an
Slide 23: Why Aequs?
04 Why Aequs? 22
Slide 24: The Aequs Edge
The Aequs Edge A Scaled Cluster Ecosystem Built for Speed, True End-to-End Aerospace Manufacturing A Diversified Manufacturing Engine With Cost & Throughput Platform Capacity to Scale Three India clusters + France & US sites, delivering Co-located machining → forging → surface treatment Our advanced
Slide 25: Manufacturing presence across continents with strategic proximity to customers
Mfg. presence across 3 continents with strategic proximity to customers India Operations Global Operations All Indian facilities are ISO-certified for quality, information security, employee safety and environment Paris, Texas Cholet, France Koppal Manufacturing Belagavi 2015 Cluster 2016 Manufactur
Slide 26: Ecosystem benchmark - Belagavi Aerospace Cluster
Ecosystem benchmark - Belagavi Aerospace Cluster built Grounds up Largest Aerospace Machining Capacity in India with 2.02M hours* annually Unit 2 Unit 1 Forging & Heat Treatment Warehouse & Tooling Precision Machining Aerostructures Assemblies FG Stores Engineering Services Raw Material Surface Fini
Slide 27: Long-standing relationships with high entry barrier global customers
Long-standing relationships with high entry barrier global customers 15 15 YRS 63% BOEING AIRBUS 22 Export Markets Total OEMs customer Average tenure of 3 largest Top 5 customer group. Tier 1 supplier 6-times D2P award from 2016 to Global presence across North groups globally customer groups contrib
Slide 28: Founder-led business supported by an experienced management team
Founder-led business supported by an experienced management team Aravind Melligeri Executive Chairman and Chief Executive Officer Over 25 years of experience in the aerospace sector and has been associated with our Company since its incorporation in 2000 Rajeev Kaul Ravi Guttal Co-founder & Managing
Slide 29: Board of Directors
Board of Directors Aravind Melligeri Executive Chairman and Chief Executive Officer Over 25 years of experience in the aerospace sector and has been associated with our Company since its incorporation in 2000 Rajeev Kaul Co-founder & Managing Director Responsible for the overall operations and perfo
Slide 30: THANK YOU
THANK YOU 29