Aditya Infotech (CPPLUS) Q3 25/26 earnings summary

Executive summary

• Achieved strong profitable growth in Q3 FY26, with revenue up 37.3% YoY to INR 1,139.1 crore, EBITDA up 98.7% YoY, and adjusted PAT up 138.8% YoY, driven by operational discipline, robust execution, and favorable industry tailwinds.

• CP PLUS brand contributed 87% of total revenue, with market share exceeding 38.9% in Q2 FY26 and expected to rise further; significant shift in product mix towards IP-based and AI-enabled surveillance solutions, with 75% of CP PLUS portfolio now IP products.

• Strategic investments in R&D, manufacturing expansion, and global partnerships, including a JV with Qualcomm for AI-driven video security and a JV with Orient Cables for backward integration.

• Expanded product portfolio with the launch of Nexivue and EYRA targeting mass market and unorganized segments, and strengthened brand presence with new marketing campaigns and ambassadors.

• Unaudited standalone and consolidated financial results for Q3 and 9M FY26 were approved, marking the first such disclosure post-IPO listing in August 2025.

Financial highlights

• Q3 FY26 consolidated revenue was INR 1,139.1 crore, up 37.3% YoY; EBITDA rose 98.7% YoY to INR 144.6 crore, with margin up 391 bps to 12.6%; adjusted PAT reached INR 96 crore, up 138.8% YoY.

• Nine-month revenue up 31.1% to INR 2,798.98 crore; EBITDA up 100.5% to INR 320.6 crore; adjusted PAT at INR 198.8 crore, up 138.8%.

• Gross margin for Q3 FY26 improved to 27.2% from 21.1% YoY; EBITDA margin rose to 12.7% from 8.7% YoY.

• Basic and diluted EPS (consolidated) for Q3 FY26 was Rs. 8.18, up from Rs. 3.66 in Q3 FY25; nine-month EPS was Rs. 17.46, up from Rs. 8.33 YoY.

• Standalone revenue for Q3 FY26 was Rs. 11,256.98 million, up from Rs. 8,005.42 million in Q3 FY25; standalone PAT was Rs. 875.17 million, up from Rs. 386.14 million.

Outlook and guidance

• FY26 revenue guidance raised to INR 3,900–4,100 crore, with EBITDA margin of 11–12% and PAT margin of 7–7.5%; FY27 initial guidance: revenue INR 5,350–5,550 crore, EBITDA margin 12–13%, PAT margin 7.5–8.5%.

• Capacity expansion and greenfield projects in Kadapa, Andhra Pradesh, are expected to support future growth and operational efficiency, with phased implementation through FY27.

• Anticipates continued robust growth, driven by premiumization, price hikes, and volume expansion in IP cameras.