Exicom Tele-Systems , a leading player in EV charging and critical power solutions, reported quarterly results for Q2 FY26, with significant revenue growth despite consolidated losses. The company's financial results showcase robust top-line expansion coupled with ongoing profitability challenges.

Revenue Growth

Exicom's standalone revenue grew 54% year-over-year to Rs 228.40 crore in Q2 FY26. The Critical Power business segment expanded by 53% YoY, while the EV chargers segment grew by 55% YoY on a standalone basis.

Segment Performance

Critical Power Business

The Critical Power segment showed strong performance, contributing to the overall revenue growth. The company has commenced deliveries for the BharatNet project and secured large orders for Lithium-ion batteries worth Rs 60.00 crore.

EV Charging Business

The EV Charging segment witnessed robust momentum, achieving the highest-ever AC charger sales by volume (20,000 units) and revenue during the quarter.

Financial Results

Despite the strong standalone performance, consolidated results showed losses:

These losses were primarily attributed to Tritium's ongoing financial challenges.

On a standalone basis, however, the company reported positive results:

Operational Highlights

• Export revenue contributed 11% of total quarterly revenue, primarily from Africa and Southeast Asia markets.
• The new Hyderabad manufacturing facility is in the final stages of completion, with trial runs planned shortly.

Future Outlook

While Exicom faces near-term challenges with consolidated results due to Tritium's losses, the company views this as a potential long-term growth driver. The strong standalone performance and ongoing expansion initiatives position Exicom for continued growth in the EV charging and critical power solutions markets.

As Exicom navigates through its expansion phase, investors will be closely watching how the company balances its growth initiatives with profitability improvements in the coming quarters.

Exicom Tele-Systems Limited , a player in the Electric Vehicle Supply Equipment and Telecom sectors, has completed its fourth tranche investment in its wholly-owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. The company has injected an additional €15.16 million (approximately ₹15.47 crore) into the subsidiary, maintaining its 100% shareholding.

Investment Details

Subsidiary Overview

Exicom Power Solutions B.V., incorporated on January 8, 2024, operates in the Electric Vehicle Supply Equipment and Telecom sectors. The subsidiary focuses on manufacturing Electric Vehicle Chargers, aligning with the growing demand for EV infrastructure globally.

Financial Performance

For the fiscal year ending March 31, 2025, the subsidiary reported:

Strategic Objectives

The investment aims to:

• Meet the fund requirements of the business
• Capitalize on growing business opportunities
• Support global expansion plans

This move underscores Exicom Tele-Systems' commitment to strengthening its position in the electric vehicle charging infrastructure market and expanding its international footprint.

The transaction, conducted at arm's length, complies with the necessary regulatory requirements, including FEMA and other applicable compliances.