Aequs reports strong FY26 profit led by operational growth
Aequs Limited reported a standalone net profit of ₹497.99 million for FY26, reversing the previous year's loss of ₹740.78 million. Revenue from operations increased to ₹1,238.58 million, supported by exceptional gains and the reversal of impairments. The statutory auditors issued an unmodified opinion on the financial results.
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Aequs Limited reported a standalone net profit of ₹497.99 million for the financial year ended March 31, 2026, marking a turnaround from the net loss of ₹740.78 million recorded in the previous year. Revenue from operations for the year rose to ₹1,238.58 million from ₹922.39 million in FY25. Total income for the period stood at ₹1,783.92 million, compared to ₹1,118.11 million in the corresponding previous year. The company’s board approved the financial results at a meeting held on May 26, 2026.
The company’s earnings before finance cost, depreciation, amortisation, exceptional items, and tax (EBITDA) for FY26 were reported at ₹555.87 million, a significant increase from ₹274.17 million in the prior year. For the quarter ended March 31, 2026, the standalone net profit was ₹521.64 million, compared to a loss of ₹805.90 million in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹367.09 million.
Financial Performance
The table below outlines the key standalone financial metrics for Aequs Limited for the quarter and year ended March 31, 2026:
| Particulars | Quarter ended March 31, 2026 (₹ in Millions) | Year ended March 31, 2026 (₹ in Millions) |
|---|---|---|
| Revenue from operations | 367.09 | 1,238.58 |
| Other income | 319.56 | 545.34 |
| Total income | 686.65 | 1,783.92 |
| Total expenses | 383.20 | 1,228.05 |
| Profit before tax | 575.92 | 560.29 |
| Net profit for the period | 521.64 | 497.99 |
Exceptional Items and Corporate Actions
During the year, the company reported exceptional gains of ₹187.45 million, which included the reversal of a bonus provision of ₹89.87 million following a voluntary waiver by the Executive Chairman and Chief Executive Officer. The company also reversed past impairment of ₹234.39 million on its investment in joint venture SQuAD Forging India Private Limited due to improved performance. Additionally, the board approved a scheme of amalgamation for three wholly owned subsidiaries—AeroStructures Manufacturing India Private Limited, Aequs Engineered Plastics Private Limited, and Aequs Force Consumer Products Private Limited—with the company, though necessary approvals are pending.
Auditor’s Report and Compliance
M/s. B S R & Co. LLP, Statutory Auditors of the Company, issued an audit report with an unmodified opinion on the standalone and consolidated annual financial results for FY26. The results were reviewed by the Audit Committee and approved by the Board of Directors. The company submitted the outcome of the board meeting to the exchanges in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Aequs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.62% | +1.41% | -3.61% | +20.54% | +20.65% | +20.65% |
What is the expected timeline for completing the amalgamation of the three wholly owned subsidiaries and how will it impact the consolidated financial structure?
To what extent is the improved EBITDA sustainable given the reliance on exceptional items such as the bonus waiver and impairment reversal?
How does the company plan to sustain revenue growth in the upcoming fiscal year after the significant turnaround in FY26?
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