Exicom Tele-Systems Limited Q1 FY27 Financial Results Disclosure

Financial Results Overview

Standalone Performance (₹ in Lakhs)
  • Revenue from operations: ₹23,682.91 for Q1 FY27, compared to ₹15,065.97 in Q1 FY26 and ₹28,207.43 in Q4 FY26
  • Other income: ₹726.84 for Q1 FY27, compared to ₹1,202.93 in Q1 FY26
  • Total income: ₹24,409.75 for Q1 FY27
  • Profit before tax: ₹640.78 for Q1 FY27, a significant improvement from loss of ₹(749.78) in Q1 FY26
  • Tax expense: ₹152.97 (Current tax: ₹125.25, Deferred tax: ₹27.72)
  • Net profit: ₹491.81 for Q1 FY27, compared to net loss of ₹(775.20) in Q1 FY26
  • Earnings per share (Basic & Diluted): ₹0.35 for Q1 FY27
Consolidated Performance (₹ in Lakhs)
  • Revenue from operations: ₹33,106.97 for Q1 FY27, compared to ₹20,531.72 in Q1 FY26 and ₹38,794.95 in Q4 FY26
  • Other income: ₹492.86 for Q1 FY27, compared to ₹822.19 in Q1 FY26
  • Total income: ₹33,599.83 for Q1 FY27
  • Loss before tax: ₹(7,203.53) for Q1 FY27, compared to loss of ₹(8,288.34) in Q1 FY26
  • Tax benefit: ₹(153.78) (Current tax: ₹(130.16), Deferred tax: ₹(23.62))
  • Net loss: ₹(7,357.31) for Q1 FY27, compared to net loss of ₹(8,313.57) in Q1 FY26
  • Loss per share (Basic & Diluted): ₹(49.8) for Q1 FY27

Segment-wise Performance (Consolidated)

Revenue Breakdown (₹ in Lakhs)
  • Critical Power: ₹17,721.21 for Q1 FY27 (₹10,248.84 in Q1 FY26)
  • EV Charger: ₹15,385.76 for Q1 FY27 (₹10,282.88 in Q1 FY26)
Segment Results (Profit/Loss before tax and interest)
  • Critical Power: Profit of ₹1,277.25 for Q1 FY27
  • EV Charger: Loss of ₹(6,859.89) for Q1 FY27
Segment Assets (₹ in Lakhs)
  • Critical Power: ₹78,141.68
  • EV Charger: ₹111,023.87
  • Total assets: ₹189,165.55
Segment Liabilities (₹ in Lakhs)
  • Critical Power: ₹46,031.01
  • EV Charger: ₹80,250.20
  • Total liabilities: ₹126,281.21

Capital Structure

  • Paid-up equity share capital: ₹13,907.98 lakhs (Face value of ₹10 each)
  • Reserves: ₹79,213.80 lakhs (standalone)

IPO Proceeds Utilization

The company completed its IPO on March 05, 2024, with the following details:

  • Fresh issue: 23,169,000 shares at ₹142 premium, ₹132 issue price, totaling ₹32,899.98 lakhs
  • Offer for sale: 7,042,200 shares, totaling ₹9,999.97 lakhs
  • Pre-IPO placement: 5,259,257 equity shares at ₹135 per share (₹125 premium), aggregating ₹7,100.00 lakhs
  • Total offer expenses: ₹3,595.89 lakhs (including GST)

As of June 30, 2026, the entire net proceeds of ₹40,000.00 lakhs stand fully utilized:

  • Funding capital expenditure: ₹9,097 lakhs
  • Incremental working capital: ₹6,900.00 lakhs
  • R&D and product development: ₹4,000.00 lakhs
  • General corporate purposes: ₹6,100.40 lakhs
  • Offer-related expenses: ₹2,822.73 lakhs

The Board approved extension of timeline for utilization of unutilized IPO proceeds up to September 30, 2026.

Subsidiary Information

The consolidated results include 8 subsidiaries:

1. Exicom Tele-Systems (Singapore) Pte. Ltd.

2. Horizon Tele-Systems SDN BHD

3. Exicom Power Solutions B.V., Netherlands

4. Tritium NexGen Solutions B.V., Netherlands

5. Tritium Power Solutions, USA

6. Tritium Power Solutions, UK

7. Tritium Power Solutions Pty, Australia

8. Horizon Power Solution L.L.C-FZ, Dubai

Note: Exicom Power Solutions B.V. ceased to be a wholly-owned subsidiary effective April 22, 2026.

The auditors' review report notes that they did not review the interim financial results of these 8 subsidiaries, which represented:

  • Total revenues: ₹10,111.23 lakhs
  • Total net loss after tax: ₹(7,458.13) lakhs
  • Total comprehensive loss: ₹(8,896.19) lakhs

Auditor Review

The financial results were reviewed by M/s Khandelwal Jain & Co., Chartered Accountants, who issued an unmodified review report dated August 10, 2026.

Additional Information

  • The figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published quarterly figures
  • Previous period figures have been re-grouped/re-classified where necessary
  • The complete financial results are available on the company's website at www.exicom.com