Aequs shares plunged 19% after the aerospace components manufacturer reported a sharp increase in its consolidated loss for the September quarter, as a steep decline in operating earnings offset strong revenue growth.
The company posted a consolidated loss of ₹52.3 crore in Q2 FY27, compared with a loss of ₹20.59 crore in the corresponding quarter last year. Revenue from operations, however, rose 45.3% year-on-year to ₹409.1 crore from ₹281.5 crore. EBITDA fell 45% to ₹24.5 crore from ₹44.3 crore a year earlier.
For the first half of FY27, revenue grew 50% year-on-year to ₹804.6 crore, supported by expansion in the aerospace and consumer businesses.
Including proportionate contributions from joint ventures (JVs), Aequs reported Q2 revenue of ₹448 crore, up 44% year-on-year and 4% sequentially. EBITDA on the same basis declined 36% year-on-year to ₹33.1 crore, although it improved 8% from the preceding quarter.
Aequs' aerospace segment continued to anchor its growth, with Q2 revenue rising 44% year-on-year to ₹351.4 crore. Revenue for the first half increased 42% to ₹673.6 crore.