| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 205.32 | 22.7% |
| Total Income | 213.54 | 20.6% |
| Expenditure | 284.37 | 13.9% |
| PBT | -82.88 | 35.0% |
| Net Profit | -83.14 | 33.5% |
| OPM | -24.66% | 18.48pp |
| NPM | -38.93% | 15.77pp |
| EPS | 6.87 | 33.4% |
Exicom Q1 FY26: Navigating a Soft Quarter with Clear Momentum for the Road Ahead
12 Aug 2025 · 12 Aug 2025, 06:43 pm
Summary
Exicom Tele-Systems Limited reported a consolidated revenue of INR 205.3 Crore, an EBITDA margin of -18.8%, and adjusted PAT of INR -71.1 crore for Q1 FY26. The company has a robust order book exceeding INR 1,500 Crore. Anant Nahata, Managing Director and CEO, acknowledged the quarter's performance did not meet expectations but highlighted positive signs for the future.
Key Highlights
- 1
India's four-wheeler EV market gathered momentum with monthly sales topping ~13,000 units for four consecutive months.
- 2
Harmony Direct 2.0, Exicom’s advanced DC fast charger, is building a robust pipeline with five out of the top 8 EV customers transitioned.
- 3
Exicom delivered over 15000 Spin Air chargers across geographies.
- 4
Robust year-on-year growth in Southeast Asia sales across four new customers.
- 5
Exicom signed its first-ever framework agreement with one of SEA’s largest clean energy players.
- 6
Tritium has deployed more than 700 chargers across the US, Europe and ANZ since January this year.
- 7
The Tri-Flex DC fast charger has secured new customers, with the first deployment planned with a UK-based CPO later this year.
- 8
The Critical Power segment achieved lower than expected revenue in Q1 due to project delays.
- 9
The Bharat Net project has commenced and is set to start contributing to the topline from Q2 onwards.
- 10
The business secured significant wins in the Middle East and Africa and is on track to achieve its highest-ever international revenue this year.
- 11
The upcoming milestone of Hyderabad manufacturing plant remains on track to start operations by October 2025.
Management Comments
Anant Nahata
We recognize that this quarter’s performance has not met expectations, but it also does not reflect the full potential of the company or the strength of our pipeline. We are seeing visible momentum and clear signs of progress. In India, the steady rise in EV sales points to a stronger outlook for our charging business, and with Bharat Net deliveries now underway, we expect increased revenue contributions from Q2 onwards. Tritium has been a strategic investment for us to build global presence and revenue streams. Although the business is taking longer to turn around, there are positive lead indicators including growing customer confidence in its new portfolio.
Informational and educational content only. Not investment advice.