Exicom Tele-Systems Ltd Q2 FY26 Results

Summary

Exicom Tele-Systems Limited, one of India’s leading EV charging and critical power companies, announced its financial results for Q2 FY26, reporting consolidated revenues of ~%282 crore, an ~84% year-on-year and ~37% quarter-on-quarter growth. The company’s standalone business delivered a solid turnaround in both revenue and profitability.

Key Highlights

1. 1

   Consolidated revenues of ~%282 crore with 84% YoY growth

2. 2

   Standalone revenues at ~%228 crore, rising over 50% both sequentially and year-on-year

3. 3

   Standalone EBITDA for Q2 FY26 was 215.17 crore, up ~72% QoQ and ~154% YoY

4. 4

   Critical Power business bounced back strongly with ~¥170 crore in consolidated revenues

5. 5

   Growth in Critical Power business driven by renewed project activity post monsoons

6. 6

   Adoption of Lithium-ion batteries accelerated across major tower companies

7. 7

   Exicom secured ~X60 crore in new orders for energy storage

8. 8

   First-time shipments to key customers in Africa

9. 9

   Strong momentum in EV Charging business with ~51,000 4w EVs sold

10. 10

    Consolidated EVSE revenues of ~%112 crore

11. 11

    Achieved highest-ever AC charger sales of ~20,000+ units this quarter

12. 12

    New partnership with a leading Auto/EV OEM for 180 kW high-power fast charging product

13. 13

    Expanded presence across Southeast Asia, the Middle East through strategic channel partnerships

14. 14

    Exicom leads the e-bus segment and is now expanding into e-trucking with high-capacity DC shipments

15. 15

    Tritium’s sales and customer sentiment have been revived since acquisition

16. 16

    In principle, Exicom BV’s board has approved up to $40 million for external financing for Tritium's growth

17. 17

    Given the delayed but now visible resurgence in EV sales and Bharat Net execution, the company expects Q3 and Q4 FY26 to perform better

18. 18

    Consolidated revenue growth at 35%