Aditya Infotech Reports Strong FY26 Performance, Outlines Ambitious FY27 Growth

Aditya Infotech's full-year FY26 revenue reached ₹4,220.8 crore, with ₹1,422 crore generated in the fourth quarter. The company also announced a dividend of ₹1.6 per equity share.

Reader Takeaway: Robust revenue growth and clear future guidance, but margin sustainability and supply chain risks need monitoring.

What just happened

Aditya Infotech announced its full-year and fourth-quarter financial results for FY26. The company posted a total revenue of ₹4,220.8 crore for the fiscal year and ₹1,422 crore for the fourth quarter. Key financial metrics show EBITDA at ₹579 crore for FY26 and ₹258.3 crore for Q4. Adjusted PAT stood at ₹368 crore for the full year.

The company also provided guidance for FY27, expecting revenues between ₹6,000 to ₹6,500 crore, with EBITDA margins projected at 14%-15% and PAT margins between 8.5%-9.5%.

Why this matters

The results indicate sustained growth for Aditya Infotech, driven by strong performance in its CP PLUS brand, which accounts for 86% of revenue. The company's focus on IP products (73% of revenue) signals a strategic shift towards higher-value offerings. The ambitious FY27 guidance suggests management's confidence in continued market leadership and operational efficiency.

The backstory

Aditya Infotech is a key player in the surveillance solutions market, with its CP PLUS brand holding a significant market share of approximately 45.4% as of Q3 FY26. The company has been investing in expanding its manufacturing capacity, which has now reached 2.5 million units.

What changes now

The company plans a capital expenditure of ₹200-300 crore in FY27 to further expand production capacity, aiming to double it by FY28. Management sees 14%-15% EBITDA margin as the "new normal" for FY27 and FY28, supported by localization, product mix shifts, and operational efficiencies.

Risks to watch

Supply chain disruptions, particularly for semiconductors and memory, remain a key concern. Aditya Infotech is actively diversifying its supply chain to mitigate these risks. Additionally, rising raw material costs are being managed through phased price increases to maintain demand.

Peer comparison

While specific peer results are not detailed in this filing, Aditya Infotech's 45.4% market share in its segment indicates a strong competitive position. Its guidance for 14%-15% EBITDA margins sets a benchmark for profitability within the industry.

Context metrics

• FY26 Revenue: ₹4,220.8 crore
• Q4 FY26 Revenue: ₹1,422 crore
• FY26 EBITDA Margin: 13.7%
• Q4 FY26 EBITDA Margin: 18%
• FY27 Revenue Guidance: ₹6,000 - ₹6,500 crore
• FY27 EBITDA Margin Guidance: 14% - 15%
• Market Share (Q3 FY26): 45.4%
• CP PLUS Revenue Contribution: 86%
• IP Products Revenue Share: 73%
• Current Manufacturing Capacity: 2.5 million units
• FY27 Capex: ₹200-300 crore
• Dividend: ₹1.6 per equity share

What to track next

Investors will be keen to observe the execution of the planned capital expenditure and its impact on production capacity. Monitoring the company's ability to sustain its projected EBITDA margins amidst global supply chain challenges and raw material price fluctuations will be crucial.