Exicom Q1 FY26 Revenue at Rs 2.05 Billion Breakthrough

Exicom Tele-Systems, an Indian manufacturer of EV charging and critical power solutions, reported consolidated revenue of Rs 2.05 billion for Q1 FY26, with an order book exceeding Rs 15 billion. Despite a soft quarter, the company expects stronger performance from Q2, backed by EVSE momentum, Bharat Net project execution, and international growth in its critical power business. The company’s advanced DC fast charger, Harmony Direct 2.0, is seeing strong adoption, with five of the top eight EV customers fully transitioning to the product. The company also secured a framework agreement with a major clean energy player in Southeast Asia. Tritium, the company’s financial

Turnaround, recorded over 700 charger deployments across the US, Europe, and ANZ since January 2025. Bharat Net execution is expected to contribute from Q2, and the Hyderabad manufacturing plant is on track for an October 2025 start. Exicom Tele-Systems Limited, a prominent player in India’s electric vehicle (EV) charging and critical power solutions sector, reported consolidated revenue of (Solar Energy) ₹205.3 crore for the first quarter of fiscal year 2025–26 (Q1 FY26). This figure represents a decline from ₹252.08 crore in the same quarter of the previous fiscal year, reflecting an 18.55% year-over-year decrease and a 22.68% quarter-over-quarter decline.

The company reported an EBITDA margin of –18.8% and an adjusted net loss after tax of ₹71.1 crore for Q1 FY26. Despite these figures, Exicom posted an adjusted profit after tax of ₹1.1 crore on a standalone basis. Management attributed the underperformance to delays in key projects, notably the Bharat Net initiative, which faced approval and monsoon-related setbacks but is now expected to commence contributing to revenue in the second quarter. Exicom’s Electric Vehicle Supply Equipment (EVSE) segment showed resilience amid market challenges. The Harmony Direct 2.0, an advanced DC fast charger powered by Exicom’s proprietary Harmony OS, gained traction

With five of India’s top eight EV customers adopting the product. Additionally, the Spin Air home charger saw over 15,000 units delivered globally through e-commerce and business-to-business channels. In Southeast Asia, Exicom secured a framework agreement valued at nearly USD 6 million over two years, underscoring the company’s expanding international presence. Exicom’s strategic investment in Tritium, a global EV charger manufacturer, continued to yield positive results. Since January 2025, over 700 Tritium chargers have been deployed across the United States, Europe, and the Asia-Pacific region. The Tri-Flex DC fast charger, a key component of Tritium’s

Product portfolio, secured new customers, with the first deployment in the United Kingdom scheduled for later this year. While Tritium’s financial performance is still aligning with expectations, indicators such as improved customer satisfaction, rising service revenues, and a growing order pipeline suggest a positive trajectory Exicom’s strategic investment in Tritium, a global EV charger manufacturer, continued to yield positive results. Since January 2025, over 700 Tritium chargers have been deployed across the United States, Europe, and the Asia-Pacific region. The Tri-Flex DC fast charger, a key component of Tritium’s product portfolio, secured new customers, with the first deployment in the United Kingdom scheduled for later this year.

While Tritium’s financial performance is still aligning with expectations, indicators such as improved customer satisfaction, rising service revenues, and a growing order pipeline suggest a positive trajectory The Critical Power segment faced challenges in Q1 FY26, with revenue impacted by delays in key projects. However, the execution of the Bharat Net project has now commenced and is expected to contribute to the topliner from Q2 onwards. On a positive note, Exicom secured significant contracts in the Middle East and Africa, positioning the company to achieve its highest-ever international revenue this year. Looking ahead, Exicom remains optimistic about the remainder of FY26. The company entered Q2 with a robust order book exceeding ₹1,500 crore, providing a solid foundation for

Future growth. The upcoming launch of the Hyderabad manufacturing plant, slated for October 2025, is expected to enhance production capabilities and support the company’s expansion plans. Management expressed confidence in delivering the FY26 guidance, citing strong industry tailwinds, a differentiated product portfolio, and continued shareholder support following a successful rights issue. (Exicom) While Q1 FY26 presented operational challenges for Exicom, the company’s strategic initiatives, including product innovation in the EVSE segment, global expansion through Tritium, and growth in the Critical Power business, position it for a promising trajectory in the coming