The company’s earnings before interest, taxes, depreciation & amortisation (EBITDA) also jumped from Rs 8.4 crore to Rs 38.1 crore year-on-year.
The net loss, however, rose from Rs 39.9 crore to Rs 42.6 crore year-on-year, which the company executives attributed to continued investments in the business, employee gratuity and listing related expenses. The company was listed on the NSE and BSE on December 10.
A company statement attributed the robust revenue growth to strong aerospace performance and continued demand in the consumer segment.
Aequs executive chairman Aravind Melligeri said the company’s aerospace orderbook stood at $ 814 million. Consumer electronics contracts bagged earlier have been fully industrialized, with revenues now beginning to flow.
The company, he added, has partnered with Accel India and Vagus Defence to enter the design and manufacturing of Unmanned Aerial Vehicles (UAV), primarily for India defence requirements. Aequs has received approval from MeitY for PLI under the Electronics Components Manufacturing Scheme (ECMS).
The business, Melligeri, continued to deliver robust quarter-on-quarter performance, supported by disciplined execution across our aerospace and consumer programs and well scaled operating footprint. “In Q3, coordinated planning and shop-floor execution supported stable operations across our facilities, with revenues growing 51% YoY.”
