Shares of precision engineering firm Aequs tumbled as much as 18.9% to an intraday low of Rs 196.50 on the National Stock Exchange on Tuesday, October 27, after the company reported a wider loss for the second quarter of FY27, Upstox reported. The stock had closed at Rs 242.40 in the previous session and was trading at Rs 206.35 at 9:37 am, The Hindu BusinessLine's market live blog reported.
Source: Upstox
Aequs posted a consolidated net loss, attributable to the owners of the company, of Rs 52.39 crore for the September quarter, compared with a loss of Rs 20.59 crore in the same period a year earlier, according to its regulatory filing, Upstox reported.
Source: Upstox
Consolidated revenue from operations rose 45.3% year-on-year to Rs 409.08 crore, from Rs 281.59 crore in Q2 FY26, supported by growth across the aerospace and consumer segments, Upstox reported.
Source: Upstox
At the operating level, EBITDA stood at Rs 24.5 crore in Q2 FY27, down 45% from Rs 44.3 crore a year earlier, and the EBITDA margin contracted by 1,000 basis points to 6% from 16%. The company said the year-on-year comparison reflects consumer electronics costs now being expensed, compared with the pre-operative phase in FY26, Upstox reported.
Source: Upstox
In its results announcement, the company said its aerospace order book reached a milestone of $1.1 billion and that it had secured a Rs 650 crore promoter investment for expansion, according to the company's press release carried by Choice India. The stock's fall came even as other defence-linked shares rallied on October 27 after the Defence Acquisition Council cleared acquisition proposals worth Rs 2.12 lakh crore (yaani about Rs 2.12 trillion), The Hindu BusinessLine reported.