💰 Financial Performance

Revenue Growth by Segment

Overall revenue grew 25% YoY to INR 178.74 Cr. The Telecommunication business grew by 647% primarily due to export growth, while the IT Networking business grew by 9.6% compared to the previous financial year.

Geographic Revenue Split

Not explicitly disclosed by percentage, but the company reported growth across all sub-regions in India and a significant increase in export business which drove the 647% growth in the telecom segment.

Profitability Margins

Profit Before Tax (PBT) margin stood at 15.52% (INR 27.75 Cr on INR 178.74 Cr revenue), representing a 151% increase in PBT from INR 11.05 Cr in the previous year. Gross margins in the telecom segment were reported at 6.5%.

EBITDA Margin

Not explicitly stated as a percentage, but PBT increased 151% YoY despite a one-time provision of INR 7.26 Cr for distributor dues, indicating strong core operational profitability improvements from better realizations and operational efficiency.

Capital Expenditure

Not disclosed in absolute INR Cr; however, the company realigned cost structures and sharpened productivity to manage volatility.

Credit Rating & Borrowing

The company is a zero-debt entity. CRISIL suspended its ratings (previously A2 for INR 210 million facilities) on June 16, 2014, due to non-cooperation and lack of adequate information for assessment.

⚙️ Operational Drivers

Raw Materials

Copper and Fiber are the primary raw materials used in connectivity products; specific cost percentages are not disclosed.

Import Sources

Not specifically disclosed, though the company sources some products from inter-entities associated with its parent company.

Key Suppliers

CommScope inter-entities (transitioning to Amphenol Corporation) serve as key suppliers for specific product solutions.

Capacity Expansion

Not disclosed in MT or units; the company focuses on realigning cost structures and sharpening productivity within existing facilities in Peenya, Bangalore.

Raw Material Costs

Not disclosed as a specific % of revenue, but management noted that commodity price volatility (copper and fiber) is a significant challenge impacting margins.

Manufacturing Efficiency

Operational efficiency improved through better realizations and product mix; employee expenses saw a degrowth during the latest financial year despite higher revenue.

Logistics & Distribution

Not disclosed as a specific percentage of revenue.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth is targeted through increased exports, which grew the telecom segment by 647%, and by catering to BSNL and private sector capex requirements. The company is also transitioning ownership to Amphenol Corporation, which may provide new market access for its Connectivity and Cable Solutions (CCS).

Products & Services

Copper and fiber-based connectivity products, IT networking infrastructure, and telecommunication equipment solutions.

Brand Portfolio

ADC, CommScope (transitioning to Amphenol).

New Products/Services

Not disclosed with specific revenue contribution percentages.

Market Expansion

Focusing on export markets and domestic telecom capex (BSNL/Private sector) to sustain the 25% revenue growth trend.

Market Share & Ranking

Not disclosed.

Strategic Alliances

The company's parent, CommScope, sold the CCS segment (including ADC India) to Amphenol Corporation in a definitive agreement completed around January 2026.

🌍 External Factors

Industry Trends

The industry is shifting toward increased fiber and copper connectivity for data centers and telecom infrastructure. The company is positioning itself to cater to BSNL's capex and private sector networking requirements.

Competitive Landscape

The company competes in the IT networking and telecom infrastructure segments against both domestic and global connectivity solution providers.

Competitive Moat

The moat is built on being a 'valuable partner' with specialized connectivity solutions and a zero-debt balance sheet. Sustainability depends on maintaining technical alignment with the new parent, Amphenol.

Macro Economic Sensitivity

Highly sensitive to interest rates and commodity price inflation, which management cited as primary challenges to maintaining productivity.

Consumer Behavior

Shift toward digital transition and social platforms is driving demand for hybrid AGM capabilities and better digital document access for shareholders.

Geopolitical Risks

Geopolitical uncertainties are cited as a 'real issue' causing volatility in market demand and supply chain stability.

⚖️ Regulatory & Governance

Industry Regulations

Complies with SEBI (LODR) Regulations and Companies Act 2013; no specific pollution or pricing control impacts mentioned.

Environmental Compliance

Not disclosed in absolute INR.

Taxation Policy Impact

Not disclosed as a specific percentage.

Legal Contingencies

The company has submitted a claim of INR 7.26 Cr to an insolvency professional appointed by NCLT regarding a distributor's liquidity failure.

⚠️ Risk Analysis

Key Uncertainties

The transition of the parent company from CommScope to Amphenol and the volatility of commodity prices (copper/fiber) pose potential impacts on operational continuity and margins.

Geographic Concentration Risk

Not disclosed, though exports are becoming a larger portion of the telecom segment.

Third Party Dependencies

Dependency on a distributor led to a INR 7.26 Cr bad debt provision; the company also relies on parent inter-entities for certain product solutions.

Technology Obsolescence Risk

The shift between fiber and copper requirements is an 'evolving situation' that requires constant product mix adjustment.

Credit & Counterparty Risk

Receivables quality is a focus following the INR 7.26 Cr distributor default; DSO was reduced to 49 days to mitigate this risk.