Exicom Tele-Systems Ltd
NSE:EXICOM
Exicom Tele-Systems Ltd
Exicom Tele-Systems Ltd is a IN-based company operating in Electrical Equipment industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-03-05. Exicom Tele-Systems Limited is an India-based company, which is engaged in providing power electronics solutions for global Telecom, information technology (IT), and other related industries and manufacturing of electric vehicle chargers and lithium-ion batteries for E-vehicles. The Company’s segments include Telecom, Energy and Power. Its Charging solutions include Home Charging, Business Solutions, ChargeX and Spin Control app. The company serves various industries, including fleets, workplace, residential, CPOs, retail and hospitality and heavy-duty vehicles. Its manufacturing facilities are located at Gurugram in Haryana and Solan in Himachal Pradesh. The research and development facilities are located at Gurugram in Haryana and Bangalore in Karnataka.
Exicom Tele-Systems Ltd is a IN-based company operating in Electrical Equipment industry. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2024-03-05. Exicom Tele-Systems Limited is an India-based company, which is engaged in providing power electronics solutions for global Telecom, information technology (IT), and other related industries and manufacturing of electric vehicle chargers and lithium-ion batteries for E-vehicles. The Company’s segments include Telecom, Energy and Power. Its Charging solutions include Home Charging, Business Solutions, ChargeX and Spin Control app. The company serves various industries, including fleets, workplace, residential, CPOs, retail and hospitality and heavy-duty vehicles. Its manufacturing facilities are located at Gurugram in Haryana and Solan in Himachal Pradesh. The research and development facilities are located at Gurugram in Haryana and Bangalore in Karnataka.
Strong Revenue Growth: Exicom reported Q3 FY '26 stand-alone revenue of INR 234 crores, up 58% YoY and slightly above the previous quarter.
Critical Power Surge: Critical Power division grew 104% YoY in Q3, driven by large telecom infrastructure projects like BharatNet and major telco orders.
EV Charging Progress: EV charging business grew 4% YoY on a stand-alone basis despite a slight market contraction, and new product offerings are finding success.
Tritium Turnaround: The Tritium subsidiary is exiting its stabilization phase; management expects revenue growth and EBITDA losses to halve starting Q4 FY '26, targeting breakeven in Q4 FY '27.
Order Book Visibility: Critical Power has a robust order book over INR 1,400 crores, executable mostly within 24 months, supporting future growth.
Margin Stability: Gross margins remain stable YoY but dipped slightly QoQ due to product mix; margin pressure seen in the battery segment.
Production Ramp-Up: The new Hyderabad plant is now manufacturing all batteries, with full ramp-up for other products expected by March '26.
Positive Outlook: Management reiterated strong outlook for Q4 and FY '27, with confirmed orders in hand and a focus on continuous improvement.
