Aditya Infotech (CPPLUS) Q2 26/27 earnings summary

Executive summary

• H1 FY27 consolidated revenue rose 89.7% YoY to Rs 3,148.407 Cr; PAT before exceptional items increased 252.0% to Rs 362.1 Cr.

• Market share reached ~42% for the 12 months to Sep 2026, versus 30% at IPO; net cash was Rs 1,071.2 Cr at Sep 30.

• Q2 consolidated revenue was Rs 1,745.988 Cr; EBITDA was Rs 307.4 Cr and PAT before exceptional items was Rs 219.9 Cr.

Financial highlights

• H1 FY27 EBITDA was Rs 515.2 Cr, up 192.7% YoY, with a 16.3% margin versus 10.6% in H1 FY26; EBIT margin rose to 15.4% from 9.3%.

• Q2 EBITDA was Rs 307.4 Cr, up 176.7% YoY, with a 17.6% margin; Q2 revenue rose 89.9% YoY and 24.5% QoQ.

• H1 gross margin was 30.4%, up 374 bps YoY; Q2 gross margin was 30.0%, up 24 bps YoY.

• Reported consolidated PAT was Rs 327.707 Cr for H1 and Rs 185.507 Cr for Q2, after a Rs 34.373 Cr fire-related exceptional loss.

Outlook and guidance

• FY27 revenue guidance raised to Rs 6,500–6,800 Cr, implying 54%–61% growth; PAT margin guidance increased to 9%–10%.

• FY27 EBITDA margin guidance remains 14%–15%; H2 margins are expected below Q2 as input-cost increases are passed on gradually and market-share investment continues.

• H2 growth is expected to moderate after H1 benefited from a low prior-year base and STQC certification backlogs that constrained supply.

• Pricing increases will be moderated, with some SoC, DDR and flash inflation absorbed to support market-share gains; lower finance costs following debt repayment support higher PAT-margin guidance.