Aditya Infotech Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Aditya Infotech Ltd filed with BSE on 18 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Aditya Infotech reported Q1 FY27 revenue of INR1,402 crores, up 89.5% year-on-year, driven by strong CP PLUS brand traction with IP products making up 79% of the CP PLUS portfolio. EBITDA stood at INR208 crores, up 20% year-on-year, with margins improving 604 basis points to 14.8%, while adjusted PAT rose 332.5% year-on-year to INR142.2 crores. Management discussed backward integration plans, new product category expansion including CP PLUS Pro series and home IoT products, and reaffirmed its full-year EBITDA margin guidance of 14% to 15%.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Revenue: INR1,402 crores (Q1 FY27)
p. 3
“I am pleased to share that the Q1 FY2027 revenue stood at INR1,402 crores, which is up 89.5% year-on-year, driven by strong traction by CP PLUS brand in the overall AIL revenue.”
Aditya Khemka, page 3 of the filed PDF · View the filing
IP products share of CP PLUS portfolio: 79% (Q1 FY27)
p. 3
“IP products made up 79% of CP PLUS portfolio.”
Aditya Khemka, page 3 of the filed PDF · View the filing
Gross margin: 30.8% (Q1 FY27)
p. 3
“Our gross margin stood at 30.8%, up 810 basis points year-on-year, with CP PLUS contribution rising to 87% of our revenue.”
Aditya Khemka, page 3 of the filed PDF · View the filing
EBITDA: INR208 crores (Q1 FY27)
p. 3
“EBITDA stood at INR208 crores, up 20% year-on-year, with margins improving by 604 basis points to 14.8%, supported by a favorable product and brand mix, as well as better operational efficiencies.”
Aditya Khemka, page 3 of the filed PDF · View the filing
Adjusted PAT: INR142.2 crores (Q1 FY27)
p. 3
“Adjusted PAT stood at INR142.2 crores, up 332.5% year-on-year, attributed to lowering of finance costs by 59% year-on-year and better cost efficiencies.”
Aditya Khemka, page 3 of the filed PDF · View the filing
CP PLUS brand contribution to revenue: 87% (Q1 FY27)
p. 3
“The CP PLUS brand continued to maintain strong momentum and contributed approximately 87% of our overall”
Aditya Khemka, page 3 of the filed PDF · View the filing
Cash conversion cycle: 64 days (Q1 FY27)
p. 4
“Our working capital metrics also showed meaningful progress, with reduction in inventory and debtor days resulting in the improvement of cash conversion cycle to 64 days.”
Aditya Khemka, page 4 of the filed PDF · View the filing
Debt to equity: 0.07 (Q1 FY27)
p. 4
“At the same time, our balance sheet remains robust, with debt to equity reducing sharply to just 0.07 level.”
Aditya Khemka, page 4 of the filed PDF · View the filing
Market share in Indian video surveillance industry: 43.3% (FY2026)
p. 4
“Our market share stood at 43.3% in the Indian video surveillance industry in FY2026, as per the Frost & Sullivan report.”
Aditya Khemka, page 4 of the filed PDF · View the filing
Kadapa facility capacity: approximately 2.5 million units per month
p. 4
“The Kadapa facility currently supports a capacity of approximately 2.5 million units per month, providing a strong foundation for future growth.”
Aditya Khemka, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
EBITDA margin — 14% to 15% · FY2027
stated firmly by Aditya Khemka
p. 9
“So Naushad, I think we have given our guidance for the year, which is 14% to 15% EBITDA.”
Aditya Khemka, page 9 of the filed PDF · View the filing
Housing and enclosure expansion — operational · Q3 FY27
stated firmly by Aditya Khemka
p. 4
“Our housing and enclosure expansion is progressing as planned and is expected to become operational by Q3 of this financial year.”
Aditya Khemka, page 4 of the filed PDF · View the filing
Corelink Cable Technology JV commercial production — commercial production · end of FY2027
stated firmly by Aditya Khemka
p. 5
“The proposed facility in Rajasthan will cover approximately 1 lakh square feet and is expected to start commercial production by end of this financial year.”
Aditya Khemka, page 5 of the filed PDF · View the filing
New product launches (Pro series, global shutter, explosion proof) — launch · Q4 FY27
stated as an aspiration by Aditya Khemka
p. 5
“Several of these offerings are currently under final stage of development and targeted to launch by the Q4 of this year.”
Aditya Khemka, page 5 of the filed PDF · View the filing
Manufacturing capacity — doubling capacity · next three years
stated as an aspiration by Anup Nair
p. 13
“So, we have broadly spoken about almost doubling this capacity in the next three years.”
Anup Nair, page 13 of the filed PDF · View the filing
Price increase — around 25% · FY2027
stated conditionally by Anup Nair
p. 14
“For the whole year, we had almost guided that there might be around 25% price increase, so we keep monitoring it quarter-on-quarter.”
Anup Nair, page 14 of the filed PDF · View the filing
CP PLUS Pro series and Home IoT category launch — live · end of Q3 and beginning of Q4
stated conditionally by Anup Nair
p. 14
“So, one on the enterprise side where we spoke about CP PLUS Pro, which is coming out of our Taiwan R&D and other sources, that is the most closest timeline which should be live by the end of Q3 and the beginning of Q4.”
Anup Nair, page 14 of the filed PDF · View the filing
Export opportunities — next 18 to 24 months
stated as an aspiration by Aditya Khemka
p. 14
“Export like we mentioned is on our table and it's on in”
Aditya Khemka, page 14 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said price hikes have varied by product between 10% and 20% so far, taken gradually to avoid shocking consumers.
Answered by Aditya Khemka
Asked by Dhruv Jain: What price hikes has the company taken this quarter given exhaustion of low-cost inventory?
p. 6
“It has varied from between 10% to 20% so far.”
Aditya Khemka, page 6 of the filed PDF · View the filing
Management said it was too early to quantify but expects some basis points improvement as localization scales up.
Answered by Aditya Khemka
Asked by Dhruv Jain: What margin improvement should be expected from backward integration projects in FY2028?
p. 7
“I would probably not be able to comment exactly what percentage of margin improvement will happen but yes there will be couple of basis points in the coming future as we scale up each aspect of the localization.”
Aditya Khemka, page 7 of the filed PDF · View the filing
Management said it was too early to comment on specific TAM figures but described the categories as good adjacencies.
Answered by Aditya Khemka
Asked by Naushad Chaudhary: Could new product categories add INR5,000-10,000 crores of opportunity?
p. 8
“With early stage, I can't comment today but these are good adjacencies is all I can say”
Aditya Khemka, page 8 of the filed PDF · View the filing
Management said the cable business would not be less than 5% of CP PLUS's revenue as an attached accessories business.
Answered by Anup Nair
Asked by Mudit Bhandari: How much would cables be as a percentage of raw material or sales given the JV for cable manufacturing?
p. 10
“That we would say is not less than 5 percentage of the overall business.”
Anup Nair, page 10 of the filed PDF · View the filing
Management said semiconductor components are largely sourced from Taiwan, making up about 35% of BOM, with a 55-60% import versus 40% domestic split overall.
Answered by Aditya Khemka
Asked by Saurabh Shah: How much of BOM is imported and from which countries?
p. 11
“So I would say a 55%, 60% import solution and a 40% domestic is something we are eyeing probably once all these localization initiatives kick off in the next two quarters.”
Aditya Khemka, page 11 of the filed PDF · View the filing
Management said they hedge on a weekly basis and maintain forex cover between 85% and 100% of receivables and creditors.
Answered by Anup Nair
Asked by Saurabh Shah: How is currency exposure being managed?
p. 12
“we have not gone below 85% of our complete receivables and creditors at any point in time”
Anup Nair, page 12 of the filed PDF · View the filing
Management said the STQC norm on Chinese semiconductors came into effect in April 2025 with old inventory clearance allowed until April 2026, and the transition is now largely complete with over 40 certified brands in the market.
Answered by Aditya Khemka
Asked by Sargam Garg: What is the impact of the government ban on Chinese components?
p. 12
“This norm actually came out on 9th April 2025 not 2026.”
Aditya Khemka, page 12 of the filed PDF · View the filing
Management said capacity utilization is currently between 85% and 90% on a base of about 2.5 million units per month.
Answered by Anup Nair
Asked by Shubham Thorat: What is current capacity utilization?
p. 13
“So, Shubham, our current capacity is at about 2.5 million units per month and currently our capacity utilization should be at between 85% to 90%.”
Anup Nair, page 13 of the filed PDF · View the filing
Management said they maintain rolling forecasts with SOC and memory vendors covering three to four quarters, and the rise in other expenses reflects seasonality such as marketing and inflationary cost increases.
Answered by Anup Nair
Asked by Shreyansh Talesara: How secure is chip sourcing and what caused the rise in other expenses?
p. 15
“So that forecast is for anything for between three to four quarters.”
Anup Nair, page 15 of the filed PDF · View the filing
Risks flagged
Cost escalation in DDR and SOC components across product categories
p. 6
“the cost hike in DDR and SOC has been phenomenal across all product categories and not only CCTV”
Aditya Khemka, page 6 of the filed PDF · View the filing
Dependence on semiconductor supply chain concentrated in Taiwan
p. 11
“So, all our supply chain is from Taiwan and that's almost 35% of the BOM.”
Aditya Khemka, page 11 of the filed PDF · View the filing
Ongoing global supply-side constraints and price hikes on components
p. 15
“The supply side constraints still continue, the price hikes are still going on from the commentary that we are hearing from the global sources, it's expected to continue for some more time.”
Anup Nair, page 15 of the filed PDF · View the filing
Concentration risk in component supply base
p. 5
“Our engagement with a diversified base of SOC, memory, flash and sensor suppliers has”
Aditya Khemka, page 5 of the filed PDF · View the filing
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