Exicom Tele-Systems Limited has issued a clarification to BSE Surveillance regarding the recent surge in trading volume of its shares across stock exchanges. The company responded to BSE's inquiry letter, addressing concerns about the significant increase in trading activity.

Company's Response to BSE Inquiry

In its official communication, Exicom Tele-Systems emphasized its commitment to regulatory compliance and transparent disclosure practices. The company stated that it has been making prompt and timely disclosures of all events and information that may impact its operations or performance, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

No Material Events Requiring Disclosure

The company clarified that to the best of its knowledge, there are currently no events or information that are material or required to be disclosed under Regulation 30 of the SEBI Listing Regulations. All relevant information that could have a bearing on the company's operations or performance has already been disclosed in compliance with regulatory requirements.

Exicom Tele-Systems attributed the observed increase in trading volume to purely market-driven factors, indicating that the surge is not linked to any undisclosed corporate developments or material information.

Commitment to Regulatory Compliance

The company reiterated its dedication to maintaining full compliance with all applicable regulations. Exicom Tele-Systems assured that in the event of any occurrence of information or events that qualify as unpublished price sensitive information (UPSI), such information will be disclosed promptly upon crystallization and after due approval from competent authorities.

The response was digitally signed by Sangeeta Karnatak, Company Secretary and Compliance Officer, demonstrating the company's formal acknowledgment of the BSE inquiry and its commitment to transparent communication with regulatory authorities and stakeholders.

Exicom Tele-Systems Limited , a leading player in critical power solutions and EV charging infrastructure, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across its business segments.

Key Financial Highlights

• Standalone revenue reached INR 228.00 crores, up 52% quarter-on-quarter and 54% year-on-year
• Gross margin improved to INR 60.30 crores from INR 49.30 crores in the previous quarter
• EBITDA grew to INR 15.10 crores, compared to INR 12.60 crores in Q1 FY26
• PAT jumped to INR 5.90 crores from INR 1.10 crores in the previous quarter

Segment Performance

Critical Power Business

The Critical Power division witnessed a remarkable growth of approximately 60% both quarter-on-quarter and year-on-year. Key highlights include:

• Commenced deliveries for the BharatNet project, supplying solutions for about 5,000 sites
• Secured orders from large telcos and tower companies for lithium-ion batteries
• Maintained dominance in the uncovered village project with over 60% business share
• Export revenue from Africa and Southeast Asia accounted for 11% of quarterly revenue

EV Charging Segment

The EV charging business unit demonstrated strong performance with 27% quarter-on-quarter growth and 55% year-on-year growth. Notable achievements include:

• Highest-ever sales of AC chargers by volume, exceeding 20,000 units
• Partnered with an OEM to enter the defense segment
• Won orders for 50 high-power chargers for bus hubs in Delhi and a truck OEM
• Successfully launched and migrated customers to the new Generation 2 platform of DC chargers

Expansion and Future Outlook

Exicom Tele-Systems is set to commence trial production at its new Hyderabad facility this month, with commercial production expected to begin in January 2026. The plant will have capabilities ranging from PCB assembly to entire system integration, including lithium-ion battery lines for telecom and multiple lines for AC and DC chargers.

Consolidated Performance and Tritium Update

On a consolidated basis, including Tritium, revenue stood at INR 281.70 crores. While Tritium's performance continues to impact consolidated EBITDA, management remains optimistic about its long-term potential. Noteworthy developments include:

• Tritium selected as the primary vendor for the largest DC fast charging rollout in the fleet sector
• Advanced pipeline for Tritium's new Tri-Flex product, with order conversions expected in the coming months
• Approval of a $40.00 million fund raise for Tritium to support product commercialization and working capital needs

Management Commentary

Anant Nahata, Managing Director and CEO, commented, "We had a strong quarter with growth in both our Critical Power and EV charging segments. Our focus on exports and new product development is yielding results. While consolidated EBITDA remains under pressure due to Tritium, we are confident about its long-term potential given the significant opportunities in the pipeline."

Shiraz Khanna, CFO, added, "Our standalone performance has shown significant improvement this quarter. With the new Hyderabad facility coming online and our continued focus on R&D, we are well-positioned for sustained growth in the coming quarters."

Conclusion

Exicom Tele-Systems' Q2 FY26 results demonstrate the company's strong market position and growth potential in both the Critical Power and EV charging segments. While challenges remain on the consolidated front due to Tritium, management's strategic initiatives and the promising outlook for new products and markets suggest a positive trajectory for the company in the medium to long term.