Aequs shares fall 18% after Q2 loss widens
In short
Aequs shares fell 18% after the company reported a wider Q2 loss. Aravind Melligeri said there is no revised timeline yet for consumer business breakeven, and the company still expects about ₹500 crore of capex this year.
This matters because investors want to know when the consumer unit can turn profitable. The reporting does not give the exact loss figure or a new breakeven date.
What the reporting says
Aequs shares plunged 18% after its second-quarter loss widened and the consumer EBITDA breakeven timeline was delayed, according to the headline and CNBC-TV18 Market summary. Aravind Melligeri said the company did not have a revised timeline for consumer business breakeven and reiterated a capex target of around ₹500 crore for the year, with more investment going to aerospace. The exact loss figure was not stated in the available reporting.
Why it matters
Aequs shares dropped 18% after the company’s Q2 loss widened and the consumer business breakeven timeline was pushed back. In comments to CNBC-TV18, Aravind Melligeri said there is no revised timeline for breakeven and restated a capex target of about ₹500 crore for the year, with more spending directed toward aerospace. The reporting does not provide the loss amount or a clear new profitability date.