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ADC India Communications Ltd (523411)

📊 BSE: 523411 🏢 Telecom - Equipment & Accessories 📢 Latest filing: 12 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, ADC India's revenue was ₹63.4 Cr (+40.6% year on year, +3.5% on the previous quarter), and net profit ₹8.6 Cr (+72.6% year on year); the operating margin was 17.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹63.4	+40.6%	+3.5%
Operating profit	₹10.8	+83.1%	+141.4%
Net profit	₹8.6	+72.6%	+144.4%
EPS (₹)	18.65	+72.7%	+144.4%
Operating margin	17.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

ADC India Communications Approves Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 01:39 PM

ADC India Communications has approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 12, 2026. While the specific P&L figures were not detailed in the cover letter, the company operates from a strong financial base with a zero-debt balance sheet and a net worth of Rs 87 Cr. The company is currently navigating a transition in ownership to Amphenol Corporation, which is expected to influence its global export strategy. Investors should focus on the detailed results to see if the 25% revenue growth trend and telecom segment expansion continue.

Board meeting for Q1 FY27 results approval concluded at 01:15 p.m. on August 12, 2026.
Company maintains a zero-debt balance sheet with a reported net worth of Rs 87 Cr.
Promoter holding remains stable at 72.02% as per the latest March 2026 records.
Previous growth was driven by a 647% increase in the telecom segment exports.

💡 Review the full financial tables for margins and revenue growth, specifically monitoring the impact of copper and fiber commodity prices on operational efficiency.

ADC India Communications Approves Q1 FY27 (June 2026) Unaudited Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 01:31 PM

ADC India Communications' board met on August 12, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company enters this period with a TTM revenue of Rs 200 Cr and a zero-debt balance sheet. While the specific quarterly figures were not detailed in the cover letter, the results include an Independent Auditor's Limited Review Report. Investors should assess these results against the previous quarter's revenue of Rs 61.24 Cr to gauge growth momentum.

Board approved unaudited financial results for the quarter ended June 30, 2026
The board meeting was conducted within a 60-minute window (12:15 PM to 1:15 PM)
Company maintains a zero-debt position with a net worth of Rs 87 Cr as per latest context
TTM revenue stands at Rs 200 Cr with an operating profit margin of 10.3%

💡 Review the full financial statement to verify if the 25% revenue growth target is being sustained and check for any impact from copper or fiber price volatility on margins.

ADC India Re-appoints Ms. Lin Xia Smyth as Director at 38th AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 11:25 PM

Shareholders of ADC India Communications Ltd approved the re-appointment of Ms. Lin Xia Smyth as a Non-Executive Non-Independent Director during the 38th Annual General Meeting on August 7, 2026. Ms. Smyth, an American national and lawyer, serves as Associate General Counsel at Amphenol Corporation, the company's parent entity. This re-appointment ensures continued board representation for the promoter group, which holds a 72.02% stake. The company maintains a strong financial profile with zero debt and a 31.0% ROCE as of the latest reporting period.

Re-appointment of Ms. Lin Xia Smyth confirmed at the 38th AGM held on August 7, 2026
Director brings over 20 years of legal and compliance experience in the Asia Pacific region
Ms. Smyth represents the parent company, Amphenol Corporation, which recently acquired the business
Company reported TTM revenue of ₹200 Cr and TTM PAT of ₹19 Cr
Promoter holding remains stable at 72.02% as of March 2026

💡 Investors should focus on the company's operational integration with Amphenol Corporation and its ability to sustain the 25% revenue growth trend through exports.

ADC India Shareholders Approve Re-appointment of Amphenol Executive Lin Xia Smyth as Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 11:04 PM

ADC India Communications held its 38th Annual General Meeting on August 7, 2026, where shareholders approved the re-appointment of Ms. Lin Xia Smyth as a Non-Executive Non-Independent Director. Ms. Smyth is the Associate General Counsel at Amphenol Corporation, the company's parent entity, and brings over 20 years of legal and compliance experience in the Asia Pacific region. This re-appointment ensures continued board-level alignment with Amphenol, which is central to the company's growth strategy following its acquisition from CommScope. The company maintains a strong financial position with zero debt and a TTM revenue of Rs 200 Cr.

Re-appointment of Ms. Lin Xia Smyth approved at the 38th AGM on August 7, 2026
Director brings over 20 years of legal and compliance experience in the Asia Pacific region
Ms. Smyth serves as Associate General Counsel at the parent company, Amphenol Corporation, USA
ADC India reported TTM revenue of Rs 200 Cr and PAT of Rs 19 Cr for FY26
Promoter holding remains stable at 72.02% as of March 2026

💡 Investors should focus on the company's operational integration with Amphenol and its ability to capture BSNL and private sector telecom capex, rather than this routine board re-appointment.

ADC India Re-appoints Ms. Lin Xia Smyth as Non-Executive Director at 38th AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 11:02 PM

ADC India Communications confirmed the re-appointment of Ms. Lin Xia Smyth as a Non-Executive Non-Independent Director at its 38th Annual General Meeting held on August 7, 2026. Ms. Smyth, a lawyer with over 20 years of experience, serves as Associate General Counsel at the parent company, Amphenol Corporation. This re-appointment ensures continued board-level alignment with the global parent, which holds a 72.02% stake. The company currently operates with zero debt and reported a TTM revenue of Rs 200 Cr.

Re-appointment finalized at the 38th Annual General Meeting on August 7, 2026
Director Ms. Lin Xia Smyth brings 20+ years of legal and compliance experience in Asia Pacific
Maintains board representation for promoter Amphenol Corporation which holds a 72.02% stake
Company reported TTM PAT of Rs 19 Cr on a revenue base of Rs 200 Cr

💡 Watch for any changes in strategic direction or technology sharing resulting from the parent company's (Amphenol) global oversight and its impact on export growth.

₹25 Dividend Confirmed at ADC India Communications 38th AGM

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 07 Aug 2026, 02:12 PM

ADC India Communications held its 38th Annual General Meeting on August 7, 2026, where shareholders approved a final dividend of ₹25 per equity share for FY26. The company reported a steady FY26 revenue of ₹200 Cr, though PAT declined to ₹19 Cr from ₹24 Cr in the previous year. Management addressed queries regarding the transition to new parent Amphenol Corporation and the focus on export markets, which saw significant growth in the telecom segment.

Approved a dividend of ₹25 per equity share of face value ₹10 (250% payout)
FY26 annual revenue stood at ₹200 Cr with an operating margin of 10.0%
48 members attended the meeting held via video conferencing
Re-appointment of Ms. Lin Xia Smyth as a Non-Executive Director was approved
Company maintains a zero-debt balance sheet with a net worth of ₹87 Cr

💡 Monitor the dividend credit timeline and watch for management commentary in upcoming quarters regarding the integration with Amphenol Corporation and BSNL capex orders.

Demise of Independent Director Ms. Vijaya Latha Reddy; served since 2020

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Jul 2026, 05:44 PM

ADC India Communications Ltd has reported the demise of Ms. Vijaya Latha Reddy, a Non-Executive Independent Director, on July 26, 2026. Ms. Reddy had been a member of the board since September 16, 2020, contributing to four key committees including Risk Management and Nomination and Remuneration. The company will now need to appoint a replacement to maintain compliance with SEBI (LODR) board composition requirements. This is a procedural update and does not impact the company's operational performance or its zero-debt financial position.

Ms. Vijaya Latha Reddy passed away on July 26, 2026.
She served as an Independent Director for nearly 6 years, starting September 16, 2020.
The demise results in vacancies across 4 board committees: NRC, Stakeholders Relationship, CSR, and Risk Management.
The company was notified of the event on the morning of July 27, 2026.

💡 Monitor future regulatory filings for the appointment of a new Independent Director to ensure the company remains compliant with SEBI board composition norms.

Demise of Independent Director Ms. Vijaya Latha Reddy; Vacancy in 4 Board Committees

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Jul 2026, 11:15 AM

ADC India Communications reported the passing of Ms. Vijaya Latha Reddy, a Non-Executive Independent Director, on July 26, 2026. She had been a member of the board since September 16, 2020, and served on four key committees, including Risk Management and Nomination and Remuneration. The company will need to appoint a successor to maintain board composition and committee requirements under SEBI LODR regulations. This is a procedural governance update with no impact on the company's TTM revenue of Rs 200 Cr or its zero-debt financial position.

Ms. Vijaya Latha Reddy passed away on July 26, 2026, as intimated to the company on July 27, 2026.
She served as an Independent Director for nearly 6 years, having been appointed on September 16, 2020.
The demise creates vacancies in 4 board committees: NRC, Stakeholders Relationship, CSR, and Risk Management.
The company is required to fill the vacancy to comply with SEBI (LODR) board composition mandates.

💡 Monitor the company's upcoming filings for the appointment of a new Independent Director to ensure continued regulatory compliance and board oversight.

ADC India sets July 31 as Record Date for Final Dividend; 38th AGM on August 7, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Jul 2026, 05:03 PM

ADC India Communications has scheduled its 38th Annual General Meeting (AGM) for August 7, 2026, to be held via video conferencing. The company has established July 31, 2026, as the record date for determining shareholder eligibility for the final dividend and e-voting. Shareholders with unregistered email addresses are being notified via physical letters containing QR codes to access the FY 2025-26 Annual Report. Dividend payments are expected to be processed within 30 days of the AGM declaration, contingent on updated KYC details.

38th Annual General Meeting scheduled for August 7, 2026, at 11:00 a.m. IST
Record date for final dividend and e-voting eligibility set for July 31, 2026
Remote e-voting period spans from August 3, 2026 (9:00 a.m.) to August 6, 2026 (5:00 p.m.)
Final dividend to be paid within 30 days of declaration at the AGM
Mandatory KYC update required for electronic dividend payments as per SEBI guidelines

💡 Shareholders should ensure their PAN, KYC, and bank account details are updated with KFin Technologies or their Depository Participant by the July 31 record date to ensure seamless dividend credit.

₹25 Dividend Recommended: ADC India Communications to Hold 38th AGM on August 7, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 14 Jul 2026, 03:28 PM

ADC India Communications has scheduled its 38th Annual General Meeting (AGM) for August 7, 2026. The Board has recommended a final dividend of ₹25 per equity share for FY 2025-26, representing a total payout of ₹1,150 Lakhs. The record date for determining dividend eligibility is set for July 31, 2026. The company also reported the implementation of audit trail features in its accounting software effective November 16, 2025, to meet regulatory standards.

Recommended a final dividend of ₹25 per equity share of face value ₹10 for FY 2025-26
Total proposed dividend payout for the financial year amounts to ₹1,150 Lakhs
Record date for dividend eligibility is fixed as Friday, July 31, 2026
38th Annual General Meeting scheduled for August 7, 2026, at 11:00 AM IST
Audit trail functionality implemented at the application level starting November 16, 2025

💡 Investors should ensure their bank details are updated with the RTA/Depository by the July 31 record date to receive the ₹25 dividend. Monitor the AGM on August 7 for management's outlook on the upcoming fiscal year.

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💰 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.

📈 Strategic Growth

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.

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.

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.