India, Oct. 1 -- Bengaluru-based contract manufacturing startup Aequs saw its net loss soar 618.7% to INR 102.3 Cr in the fiscal year 2024-25 (FY25) from INR 14.2 Cr in the year ago period, on the back of mounting operational pressures and exceptional losses.

Largely to blame for the bloated losses was the impairment loss on goodwill of INR 48.3 Cr during the fiscal for its subsidiary Aequs Force Consumer Products Pvt Ltd (AFCPPL).

Piling on top of this was revenue from operations, which declined 4.19% to INR 924.6 Cr in the fiscal under review as against INR INR 965 Cr a year ago.

Including other income of INR 34.6 Cr, the company's total income stood at INR 959.2 Cr in FY25, down a marginal 2.94% from INR 988.3 Cr in FY24.

Aequs ear...