Financial Highlights - Q2 FY27

  • Revenue: ₹1,746.0 crore, representing 89.9% year-on-year growth
  • EBITDA: ₹307.4 crore, up 176.7% YoY with margin of 17.6% (552 basis points improvement)
  • PAT before exceptional item: ₹219.9 crore, up 214.2% YoY with margin of 12.6% (499 basis points improvement)
  • Gross Margin: 30.0%, up 24 basis points YoY
  • Finance cost reduced by 14% YoY

Financial Highlights - H1 FY27

  • Revenue: ₹3,148.4 crore, representing 89.7% year-on-year growth
  • EBITDA: ₹515.2 crore, up 192.7% YoY with margin of 16.3% (576 basis points improvement)
  • PAT before exceptional item: ₹362.1 crore, up 252.0% YoY with margin of 11.5% (530 basis points improvement)
  • Gross Margin: 30.4%, up 374 basis points YoY
  • Finance cost reduced by 41.1% YoY

Operational Metrics

  • CP PLUS brand contributed approximately 88% of overall Q2 FY27 revenue (vs ~86% in Q2 FY26)
  • IP products accounted for ~79% of CP PLUS portfolio (vs ~71% in Q2 FY26)
  • Current manufacturing capacity: 2.5 million units per month
  • Market share: ~42% of India's video-surveillance market as of September 2026 (up from 30% at IPO)

Balance Sheet Position

  • Net cash position: ₹1,071.2 crore as at September 30, 2026
  • All borrowings repaid in October 2026 following successful QIP of ₹1,500 crore

Strategic Developments

  • On November 5, 2026, signed definitive agreements to invest ₹45.4 crore for 30% stake (fully diluted) in BLUE (KGraph AI Solutions Pvt Ltd), a video-compression technology company
  • AIL will hold one board seat and one observer seat in BLUE
  • Transaction completion subject to customary conditions

Capacity Expansion

  • Planned capacity expansion through Kadapa Phase III and new facility in Greater Noida
  • Capacity planned to more than double from current levels
  • Funding from QIP proceeds

Marketing Initiatives

  • New advertising campaign featuring Ranveer Singh as brand ambassador during festive seasons
  • High-impact branding across Indian cricket and OOH campaign across major Indian airports

Management Commentary

Mr. Aditya Khemka, Managing Director, cited strong performance driven by favorable product mix, increased localization, and operating leverage. The company revised FY27 guidance upward:

  • Revenue guidance: ₹6,500 – 6,800 crore
  • EBITDA margin guidance: 14.0 – 15.0%
  • PAT margin guidance: 9.0 – 10.0%