Aditya Infotech (CPPLUS) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 revenue grew 37.5% YoY to INR 919.6 crore, with EBITDA up 157% to INR 111.1 crore and PAT up 239% to nearly INR 70 crore, driven by CP Plus-branded IP cameras and record shipments.

• H1 FY26 revenue reached INR 1,660 crore, up 27% YoY; EBITDA up 102% to INR 176 crore, PAT up 138% to over INR 103 crore.

• Debt reduced from ~INR 466 crore in June 2025 to ~INR 68 crore in September 2025, enhancing profitability and financial flexibility.

• CP Plus brand contributed 86% of revenue, with IP products making up nearly 70% of the portfolio.

• Approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025.

Financial highlights

• Q2 FY26: Revenue INR 919.6 crore (+37.5% YoY), EBITDA INR 111.1 crore (+157% YoY, margin 12%), PAT ~INR 70 crore (+239% YoY).

• H1 FY26: Revenue INR 1,660 crore (+27% YoY), EBITDA INR 176 crore (+102% YoY, margin 10.6%), PAT >INR 103 crore (+138% YoY).

• Gross margin for Q2 FY26 was 29.8%, EBITDA margin 12%, and PAT margin 7.5%.

• Significant reduction in net debt and finance costs due to IPO proceeds used for debt repayment.

• Standalone revenue for Q2 FY26: Rs 9,046.51 million; standalone net profit: Rs 657.66 million.

Outlook and guidance

• FY26 revenue guidance: INR 3,900–4,100 crore, implying 25–30% YoY growth; EBITDA margin 10–11%, PAT margin 6–7%.

• Price increases expected from next quarter due to component shortages and rising input costs.

• Multi-brand strategy to be launched, with new brands Eyra and Nexiview targeting different market segments.

• IPO proceeds to be used for debt repayment and general corporate purposes; unutilized funds placed in fixed deposits pending deployment.