C2C Advanced Systems, India’s fast-rising defence electronics and C4ISR solutions company, has announced stellar results for the first half of FY 2025-26 (H1 FY26), marked by record revenue growth, a strong expansion in profitability, and a major INR 41.7 crore export order from Canada. The period also saw the company strengthening its position in the Indian naval ecosystem and making rapid strides in industrial digitalisation.
C2C Advanced H1 FY26 Results: Financial Performance
C2C Advanced H1 FY26 performance underscores a breakout phase of scale and profitability.
| Metric | H1 FY25 | H1 FY26 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 43.24 | 66.10 | +52.9 |
| Total Income | 43.25 | 67.88 | +57 |
| Profit Before Tax | 13.09 | 29.22 | +123 |
| Profit After Tax | 9.73 | 23.66 | +143 |
| EPS (Basic & Diluted) | 0.79 | 1.42 | +79.7 |
C2C Advanced H1 FY26 Key takeaways:
- Revenue nearly doubled in two years, reflecting strong order execution and diversified income streams.
- Operating leverage and efficiency gains lifted PBT by 123% and PAT by 143% YoY.
- EPS surged almost 80%, signalling enhanced value creation for shareholders.
The company’s cash flow from operations remained robust, while reinvestment into R&D, new facilities, and global programme delivery continued at pace.
Defence Systems: Expanding Capabilities, Global Reach
Indian Navy Approval — A Major Milestone
C2C achieved formal inclusion in the Indian Navy’s Approved Vendor List for WECDIS (Warship Electronic Chart Display and Information System).
This follows successful installations and sea trials across multiple operational vessels — a crucial recognition that cements its position in India’s maritime command ecosystem.
C2C Advanced-Canadian Defence Contract – INR 41.7 Crore Win
The company secured an INR 41.7 crore contract from a Canadian defence firm for its Decision Support System (DSS), part of a naval frigate modernisation project. The contract validates interoperability between C2C’s proprietary MAGI C4ISR architecture and Western sensor-communication environments — a significant step in establishing C2C as an export-capable Indian defence technology supplier.
Strategic Partnerships and R&D Momentum
C2C also advanced joint programmes with a leading Indian defence conglomerate covering:
- Multi-sensor data fusion and AI-driven battlefield analytics
- Advanced C4I mission systems for land, air, and naval applications
- Next-generation mission computers for anti-drone and swarm defence
Additionally, it signed an exclusive Heads of Agreement with Barnacle Systems (Canada), known for IoT-based maritime surveillance. C2C Advanced’s Canadian Defence contract combines Barnacle’s predictive monitoring with C2C’s software-defined command-and-control expertise.
Industrial Transformation: Defence Tech Meets Industry 4.0
The company’s Industry Transformation vertical gained momentum, leveraging defence-grade architectures to modernise manufacturing and civic infrastructure.
- Proof of Concept at Mohan Meakin Breweries: demonstrated real-time monitoring and process automation; replication discussions are ongoing for 160 production lines.
- Southeast Asia Deployments (Malaysia): included oil-mill efficiency solutions, school-security monitoring, and smart-city sensor networks — all built on C2C’s unified IoT and analytics platform.
This segment showcases how defence-hardened systems can be repurposed for industrial and civic transformation.
Global Footprint Strengthens
During H1 FY26, C2C executed multiple international projects across Malaysia, UAE, and Canada, encompassing:
- Coastal and border surveillance networks
- Naval decision-support platforms
- Smart-housing cybersecurity systems
- Industrial IoT deployments
Malaysia has emerged as a strategic reference market, opening doors for larger analytics and integration mandates.
Technology Investments: Building for Scale
R&D investments during the period focused on:
- Advanced threat-evaluation and resource-allocation modules
- AI-enhanced mission computers for autonomous defence systems
- Enterprise analytics for integrated industrial-defence automation
- Strengthened cybersecurity across command and surveillance platforms
These initiatives deepen C2C’s intellectual property base and prepare its platforms for global scalability.
Earlier in FY26, C2C completed a preferential issue following shareholder and NSE approval, enhancing its balance-sheet strength for expansion and delivery.
A prominent investor has increased his holdings:
- Ashish Kacholia raised his stake from 2.59 % (Mar 2025) to 3.90 %, holding 6,48,572 shares valued at around INR 43.9 crore.
- Mukul Agrawal holds 2.56% of the company.
Management Commentary
Mrs. Lakshmi Chandra, Managing Director, remarked:
“C2C has transitioned from delivering standalone systems to building integrated platforms that serve both defence and industrial environments. Our first half reflects disciplined execution and technology reliability across India and global markets. We remain focused on scaling responsibly, deepening partnerships, and driving innovation that supports long-term growth.”
Outlook
C2C Advanced H2 FY26 results show record profitability, a growing global order book, and a diversified revenue base. The company’s convergence of defence C4ISR, industrial IoT, AI-driven analytics, and cybersecurity platforms positions it as one of India’s most promising mid-cap technology players in the defence-industrial spectrum.
With rising international credibility and backing from marquee investors, C2C is no longer just a systems supplier — it is fast emerging as a next-generation global defence-tech innovator.
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