Aditya Infotech Limited (CPPLUS) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Cofacto Research Published November 04, 2026 5 min read

Aditya Infotech Limited, the maker of CP PLUS security and surveillance products, reports its Q2 FY 2026-2027 results with the Indian video surveillance market consolidating rapidly under the STQC regime and the company holding a ~43% share. The print will speak to two things: whether the EBITDA margin holds near Q1's 14.8% against a sharp run-up in memory and component costs, and how much of the guided 15-20% price-hike program has been implemented by end-H1.

Quick Details

Results date	November 05, 2026
Quarter	Q2 FY 2026-2027
Previous quarter revenue	Rs. 1,402.4 Cr
Previous quarter PAT	Rs. 142.2 Cr (Adjusted)
Previous quarter EBITDA margin	14.8%
Market cap	Rs. 47,611.41 Cr
CMP	Rs. 3,881.1

Aditya Infotech Limited Q2 Results Date and Time

The Board of Directors will meet on Thursday, November 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

The earnings call is scheduled for Friday, November 6, 2026, at 12:30 IST, organized by ICICI Securities. Speakers include Aditya Khemka (MD), Anup Nair (Director - Strategy & Operations) and Yogesh Sharma (CFO).

Key Things To Watch

Guidance scorecard tracking into Q2/H1 FY27: Management's FY27 guidance was set before the steepest part of the memory price run-up; here is where each item stands.

Revenue — Rs. 6,000-6,500 Cr by FY27: Q1 FY27 delivered Rs. 1,402.4 Cr, above the company's stated typical Q1 seasonality of 18-20% of full-year revenue
EBITDA margin — 14-15% by FY27: Q1 at 14.8%; management promised further margin commentary after the half-year results — expect an update on this call
Adjusted PAT margin — 8.5-9.5% by FY27: Q1 at 10.1%
Price increases — ~25% full-year by FY27: 15-20% achieved by end-H1 per management — verify the exit rate
Capacity — 2x by 2028 / next three years; Kadapa 2x in 2 years; Housing & Enclosure Plant Q3 FY27; Corelink JV commercial ops Q3 FY27 — check milestones
Domestic sourcing — 40% of BOM within two quarters of the Q1 call — track progress

Margin pass-through and supply chain: Input costs rose through the quarter while price hikes are being passed through in a tapered manner.

Whether SoC/memory cover of 3-4 quarters still holds, and the Flash/DDR cost trajectory — industry costs flagged as rising weekly/fortnightly until 2027
Whether Q2 FY27 EBITDA margin is framed against the 14-15% band, and whether the H1 commentary upgrades or re-bases the FY27 margin outlook
Semiconductors ~35% of BOM sourced from Taiwan; passives 15-20% from Taiwan/China amid the STQC bar on Chinese components

QIP deployment and balance sheet: The Rs. 1,500 Cr QIP closed September 25, 2026, with stated uses spanning debt repayment, capex, working capital, acquisitions and general corporate purposes.

Cash build on the balance sheet and any acquisition or inorganic commentary, with D/E at 0.07 at Q1 FY27
Working capital trend — cash conversion days of 64 in Q1 FY27 vs 78 in FY26, post-QIP

Milestones, one-offs and legal updates: Several dated items fall due around or shortly after this quarter.

Kadapa Housing & Enclosure Plant and Corelink cable-JV commercial operations both targeted Q3 FY27; CP PLUS Pro enterprise range and Home IoT launch by end Q3/beginning Q4 FY27
Kadapa fire insurance claim recovery (~Rs. 28 Cr estimated loss, adequately insured) and any cost impact
Customs/CESTAT appeal — Rs. 10.33 Cr demand plus Rs. 30.86 Cr penalties; appeal filed April 7, 2026 — any hearing update
ICC arbitration by Avathon, Inc. and SparkCognition India Pvt Ltd withdrawn (intimated October 31, 2026); no arbitration proceedings remain pending

Operating metric trajectory: Share gains and mix shifts continue to shape the growth quality story.

Market share of the organized surveillance industry: 43.3% for FY26 per Frost & Sullivan, with management discussing the ~43% share and third-largest surveillance factory status on the Q1 FY27 call
IP cameras reached ~79% of the CP PLUS portfolio in Q1 FY27, with the IP camera segment growing ~2x the overall market (15-17%)
Capacity at ~2.5 Mn units/month with 85-90% utilization as of Q1 FY27

Frequently Asked Questions

Can Aditya Infotech's EBITDA margin go beyond its 14-15% FY27 guidance?

Management has said "we have given our guidance for the year, which is 14% to 15% EBITDA", driven by backward integration, tech tie-ups, product mix and price hikes. It has also stated that 14-15% should be the new normal for FY27 and FY28, while noting Q4 FY26's 18% margin was a one-off.

When will CP PLUS see significant export revenue?

Management has earmarked the enterprise-range portfolio for exports and said "in the next 18 to 24 months is where you will see in terms of significant numbers". Preliminary export actions were guided within the coming year at the Q4 FY26 call.

How exposed is Aditya Infotech to Taiwanese semiconductor supply?

Semiconductors make up about 35% of the bill of materials and are fully sourced from Taiwan, with passives (15-20% of BOM) coming from Taiwan and China. The company is targeting 40% domestic sourcing within two quarters of the Q1 FY27 call and over 50% of BOM value localization in 12-24 months.

Is Aditya Infotech on track with its FY27 guidance?

At the Q1 FY27 call, management stated the company "remains on track to achieve its previously communicated FY2027 guidance" and aims to internally overachieve it. Q1 FY27 delivered revenue of Rs. 1,402.4 Cr, an EBITDA margin of 14.8% and an Adjusted PAT margin of 10.1%.

Is Aditya Infotech's revenue growing?

Revenue rose 89.5% YoY to Rs. 1,402.4 Cr in Q1 FY27 from Rs. 740.0 Cr in Q1 FY26, though it was down 1.38% QoQ versus Q4 FY26. Growth has been driven by market-share gains — 43.3% FY26 share per Frost & Sullivan — with IP cameras growing about 2x the overall market.