Aditya Infotech (CPPLUS) Q4 25/26 earnings summary

Executive summary

• Achieved significant market share gains, reaching 45.4% in the Indian video surveillance market, driven by regulatory changes, localization, and AI-led product innovation.

• Robust revenue and profit growth in FY26, with major YoY increases in all key financial metrics and upgraded FY27 guidance.

• Expanded manufacturing capacity to 2.5 million units, with CP PLUS brand contributing 86% of revenue and IP products making up 73% of the portfolio.

• Completed IPO in August 2025, raising Rs. 5,000 million via fresh issue and Rs. 8,000 million via offer for sale.

• Launched new brands NEXIVUE (certified and shipping) and EYRA (certification expected next quarter), further diversifying the product portfolio.

Financial highlights

• FY26 consolidated revenue reached Rs. 42,336.52 million, up from Rs. 31,229.26 million in FY25; Q4 FY26 revenue was INR 1,422 crore, up 45.5% YoY.

• FY26 EBITDA was INR 579 crore, up 124.1% YoY; Q4 EBITDA was INR 258.3 crore, up 162% YoY.

• FY26 PAT was INR 368 crore, up 166.1% YoY; Q4 PAT was INR 169.1 crore, up 207.7% YoY.

• Gross margin for Q4 surged to 31.8%, while FY26 gross margin improved to 28.8% from 21.5% in FY25.

• Basic and diluted EPS (consolidated) for FY26 was Rs. 32.05, compared to Rs. 33.02 in FY25.

Outlook and guidance

• FY27 revenue guidance raised to INR 6,000–6,500 crore (nearly 50% YoY growth), EBITDA margin 14–15%, PAT margin 8.5–9.5%.

• Industry unit growth expected at 15–17%, with company targeting 25–30% growth and ASP increase of 25%.

• Ongoing phased price hikes to offset rising input costs, with monthly adjustments planned.

• Focus on operational efficiency and long-term margin enhancement.