Aditya Infotech (CPPLUS) Q1 25/26 earnings summary

Executive summary

• Achieved a milestone year with a successful IPO and listing on NSE and BSE on August 5, 2025, and disclosed unaudited standalone and consolidated financial results for Q1 FY26 post-IPO.

• Transitioned from distribution to a leading consumer brand and manufacturer in security and surveillance, holding 20.8% market share in India and ranking third globally by units.

• Operates India's largest surveillance manufacturing facility with 1.5 million units/month capacity, expanding to 2.3-2.4 million by Q1 FY27.

• Strong R&D focus with centers in Noida, Ahmedabad, and an upcoming center in Taiwan, alongside strategic backward integration and leadership strengthening.

• CP PLUS brand leads with a broad product portfolio and balanced customer base across SMB, enterprise, government, and home segments.

Financial highlights

• Q1 FY26 consolidated revenue was INR 740 crore (Rs. 7,400.37 million), up 16.4% YoY; EBITDA rose 47.5% YoY to INR 64.9 crore with margin at 8.7%; PAT increased 46.1% YoY to INR 32.9 crore.

• Gross profit margin improved to 22.7% from 16.9% YoY; EPS for Q1 FY26 was 2.99, up from 2.20 in Q1 FY25.

• IPO raised INR 1,300 crore (Rs. 13,000 million); INR 375 crore used to repay borrowings, reducing gross debt by 89% to INR 48 crore.

• Standalone revenue for Q1 FY26 was Rs. 7,308.56 million, with standalone PAT at Rs. 311.00 million.

Outlook and guidance

• FY26 revenue expected at INR 3,900–4,100 crore, targeting 25–30% annual growth, outpacing industry CAGR of 16.5–17%.

• EBITDA margin guidance at 10–11%, PAT margin at 6–7%, with EBITDA growth of 50%+ and PAT growth of 75%+ YoY.

• CapEx of INR 200 crore planned over two years for capacity expansion and localization, expected to support 60% revenue growth.

• Focus on core CCTV category, with adjacencies and exports as future growth levers.

• Management confident in completing ongoing construction and development activities on leased land, with regulatory extensions expected.