Aditya Infotech Limited (BSE: 544466 NSE: CPPLUS), a leading Indian electronic security and surveillance solutions provider known for its CP PLUS brand, reported strong financial and operational performance for the quarter and nine months ended December 31, 2025.
The company offers end-to-end surveillance products, AI-enabled video intelligence solutions, and integrated security systems across residential, enterprise, industrial, and public infrastructure segments.
Market Position & Geographic Presence
- The company operates through 48 branch offices, 13 RMA centers, and over 800 distributors across 500+ cities in India, serving Tier I–III markets and diverse customer categories, including households, government agencies, enterprises, and industrial users.
- Aditya Infotech holds a market share of approximately 38.9% in India’s video surveillance industry and ranks among Asia’s top security solution providers.
Q3 FY26 Financial Performance
- Revenue for Q3 FY26 increased 37.3% year-on-year to ₹1,139.1 crore, driven by strong demand for CP PLUS IP cameras and improved product mix.
- EBITDA surged 98.7% YoY to ₹144.6 crore, with EBITDA margin expanding to 12.7%.
- Adjusted profit after tax rose 138.8% YoY to ₹96 crore.
- Gross margins improved to 28.1% due to localization benefits and operating leverage.
9M FY26 Financial Performance
- For the nine months ended December 2025, revenue grew 31.1% YoY to ₹2,798.8 crore.
- EBITDA doubled to ₹320.6 crore, with margins expanding to 11.4%.
- Adjusted profit after tax rose 138.6% YoY to ₹198.9 crore, reflecting operational efficiencies and improved cost structures.
Operational & Business Highlights
- During the quarter, the company strengthened manufacturing capabilities with monthly capacity of 1.8 million units and plans to reach 2.1 million units by Q4 FY26.
- Initiated backward integration projects including housing plants and lens assembly lines.
- Aditya Infotech also launched a multi-brand strategy with the new Nexivue product range targeting rural and mass-market segments.
Key Achievements & Strategic Developments
- A strategic collaboration with Qualcomm Technologies was announced to develop AI-enabled video surveillance solutions.
- Additionally, the company signed a joint venture agreement with Orient Cables for manufacturing camera and networking cables under the CP PLUS brand.
- Marketing initiatives included regional campaigns with actor Vijay Sethupathi to expand consumer reach in Tamil Nadu.
Industry Trends & Market Dynamics
The Indian surveillance industry is benefiting from government mandates on STQC-certified products, supply shortages, and consolidation favoring domestic manufacturers. Limited certified brands and rising prices are expected to support market share gains for established players with local manufacturing capabilities.
Management Commentary
Managing Director, Aditya Khemka highlighted strong operational execution, improved margins through localization, and sustained growth driven by AI-led innovation and demand for certified surveillance solutions. Emphasized continued investment in manufacturing expansion and technology partnerships to maintain leadership.
Guidance
- The company upgraded FY26 guidance, targeting revenue growth at the upper end of projections with EBITDA margins of 11–12% and adjusted PAT margins of 7–7.5%.
- Projected FY27 revenue between ₹5,350–5,500 crore with continued margin expansion supported by AI products and market consolidation.
Market Sentiment & Key Takeaway
Investor sentiment remains positive given strong growth momentum, increasing market share, localization benefits, and a favorable regulatory environment. The combination of AI partnerships, multi-brand expansion, and capacity enhancements positions Aditya Infotech for sustained long-term growth in India’s rapidly evolving surveillance market.