Aditya Infotech Q2 FY27 Results (NSE: CPPLUS)
Signal: Steady quarter
The read
Standalone operating momentum strengthened sequentially: revenue increased 24.5% to ₹17,413.94 million, EBITDA grew 47.1% to ₹2,928.98 million and margin expanded 259bps to 16.8%; however, the ₹2,431.82 million H1 operating cash outflow and sharp PPE increase make working-capital conversion and capex execution the key trajectory checks.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| EBIT margin | N/A |
P&L walk
The filing contains a consolidated results statement, but the numerical consolidated P&L columns are not present in the supplied text; auditor disclosures separately report subsidiary revenue of ₹12,161.03 million and subsidiary net loss of ₹170.09 million for Q2FY27.
Key positives
- Standalone revenue increased 24.5% sequentially to ₹17,413.94 million, while EBITDA grew 47.1% to ₹2,928.98 million.
- Standalone EBITDA margin expanded 259bps sequentially to 16.8%; employee costs increased only 9.3% to ₹797.84 million versus 24.5% revenue growth.
- PAT rose 46.6% sequentially to ₹2,064.93 million and basic EPS increased 45.8% to ₹17.44.
- The company completed a ₹15,000.00 million QIP, providing funding for debt repayment and subsidiary-led capital expenditure.
Key concerns
- H1 operating cash flow was negative at ₹2,431.82 million despite H1 profit before tax of ₹4,687.42 million, signalling substantial working-capital absorption.
- Property, plant and equipment increased to ₹1,144.01 million from ₹281.86 million at 31 March 2026, raising execution and return-on-capital monitoring needs.
- The supplied filing does not provide the consolidated P&L figures needed to verify whether the standalone margin trajectory carries through to the group.
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