SUMMARY

Largely responsible for the bloated losses was the impairment loss on goodwill of INR 48.3 Cr through the fiscal for its subsidiary Aequs Power Client Merchandise Pvt Ltd

Income from operations additionally declined 4.19% to INR 924.6 Cr in FY25 as towards INR INR 965 Cr a yr in the past

Aequs has filed its up to date DRHP with SEBI for its IPO, which can comprise a contemporary concern of as much as INR 720 Cr and an OFS part of three.2 Cr shares.

Bengaluru-based contract manufacturing startup Aequs noticed its internet loss soar 618.7% to INR 102.3 Cr within the fiscal yr 2024-25 (FY25) from INR 14.2 Cr within the yr in the past interval, on the again of mounting operational pressures and distinctive losses.

Largely responsible for the bloated losses was the impairment loss on goodwill of INR 48.3 Cr through the fiscal for its subsidiary Aequs Power Client Merchandise Pvt Ltd (AFCPPL).

Piling on prime of this was income from operations, which declined 4.19% to INR 924.6 Cr within the fiscal below overview as towards INR INR 965 Cr a yr in the past. 

Together with different revenue of INR 34.6 Cr, the corporate’s whole revenue stood at INR 959.2 Cr in FY25, down a marginal 2.94% from INR 988.3 Cr in FY24.

Aequs earns its income primarily from two enterprise segments – aerospace and client. Whereas the previous contributed INR 824.6 Cr, the patron section added INR 100 Cr Cr to its kitty. 

The corporate shared the numbers in its up to date draft purple herring prospectus (UDRHP) filed with SEBI. Its public concern contains a contemporary concern of as much as INR 720 Cr and an offer-for-sale (OFS) part of three.2 Cr shares. 

As a part of the OFS, Amicus Capital will promote the biggest chunk of two.7 Cr shares through its three funds, whereas the Melligeri Non-public Household Basis and particular person shareholder Ravindra Mariwala plan to promote 13.1 Lakh and 12.7 Lakh shares, respectively.

Based in 2006 by Aravind Melligeri, Aequs is a diversified contract producer that caters to purchasers in aerospace, toys, and client durables sectors. It provides customised elements and assemblies to main aerospace OEMs, resembling Airbus, Boeing, Safran, and Collins Aerospace.

Geographically, the US and France account for the most important chunk of its revenues at 23% and 22%, respectively. Germany (12%), India (11%), the UK, Sweden, and Hong Kong additionally contribute to its prime line. This international footprint allows Aequs to serve OEMs worldwide whereas benefiting from India’s value benefits. 

The corporate’s enterprise mannequin depends on heavy vertical integration and in-house capabilities, from forging, machining, coating, and molding to meeting and testing.

Breaking Down Aequs’ Bills

In FY25, the corporate’s whole bills grew a marginal 1% to INR 851.2 Cr in comparison with INR 842.8 Cr within the yr in the past interval. Nearly half (48% to be exact, or INR 408.3 Cr) of its expenditure went in the direction of importing uncooked supplies from Germany, the US, Taiwan, and different particular financial zones.

Worker Profit Bills: Prices below this head elevated 10.7% to INR 158.7 Cr within the fiscal yr below overview from INR 143.4 Cr in FY24.

Subcontracting Bills: These bills remained virtually flat at INR 118.3 Cr in FY25 versus INR 118.6 Cr within the yr in the past fiscal.

Consumption Of Spares: Bills below this head elevated 7.71% to INR 47.5 Cr from INR 44.1 Cr in FY24.