The company’s earnings before interest, tax, depreciation and amortization (EBITDA) on an annual basis also stood at Rs. 8.4 crore to Rs. 38.1 crore has been done.
However, the net loss on an annualized basis was Rs. 39.9 crores to Rs. 42.6 crore, which company officials attributed to continued investment in the business, employee gratuity and listing-related expenses. The company was listed on NSE and BSE on December 10.
The company’s statement attributed the strong revenue growth to strong aerospace operations and continued demand in consumer segments.
Aequs Executive Chairman Arvind Meligeri said the company’s aerospace orderbook is $814 million. The previously won consumer electronics contracts have become fully industrialized, now the revenue stream has begun.
He added that the company has partnered with Accel India and Vagus Defense to enter into the design and manufacturing of Unmanned Aerial Vehicles (UAV) primarily for India’s defense needs. Aequs has received approval from MeitY for PLI under the Electronics Components Manufacturing Scheme (ECMS).
The business, Meligeri, continued to deliver strong quarter-on-quarter performance, supported by disciplined execution and a well-measured operating footprint across our aerospace and consumer programs. “In Q3, integrated planning and shop-floor execution supported stable operations across our facilities, with revenue growing 51% year over year.”
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