Exicom Q1 FY27 Revenue Jumps 57% YoY

Financial Highlights

Exicom Tele-Systems Limited reported standalone revenue of ₹236.8 crore for Q1 FY27, representing a ~57% year‑on‑year increase from ₹150.7 crore in Q1 FY26. Standalone EBITDA rose to ₹20.9 crore, more than doubling the prior‑year figure and delivering an EBITDA margin of 8.8%. On a consolidated basis, revenue grew 61% to ₹331.0 crore versus ₹205.3 crore a year earlier, while the consolidated EBITDA loss narrowed to ₹21.9 crore from a loss of ₹38.6 crore in Q1 FY26. Consolidated EBITDA margin improved to –6.6% from –18.8% a year ago. Gross margin fell to 31.7% from 39.4% due to exchange‑rate volatility and higher component costs.

EV Charging Business

The EV charging segment recorded a 35% year‑on‑year increase in AC charger sales. Exicom became the sole supplier of 7.4 kW AC units to a leading carmaker and launched the AI‑chatbot SpinWise along with a new generation of the Spin Control app featuring public charger discoverability, real‑time tracking and support. The company plans to double its AC line capacity starting Q3 FY27. In the public‑charging arena, Exicom added fifteen new charge‑point operators and secured orders for over 180 DC chargers for bus and truck OEMs and network operators through October 2026, while renewing a long‑term partnership with a leading e‑trucking firm. Product innovation included the introduction of Slim DC chargers—sub‑100 kW units with Ring Topology for power sharing. Export activity expanded to ten new countries, maintaining momentum in Southeast Asia and the Middle East, and the firm is developing a custom‑built AC/DC ecosystem for specific European markets.

Tritium Business

Tritium, Exicom’s high‑power charging arm, generated USD 10.3 million in revenue and sold 508 chargers in the quarter. Order intake doubled from the previous quarter, with USD 20.8 million of new orders booked. The TRI‑FLEX high‑power charging system is under laboratory validation with the largest open public charging network in the United States, and the GRID‑FLEX system began operating at a hyperscale customer in June 2026. Tritium expects to achieve EBITDA breakeven in Q4 FY27.

Critical Power Business

Critical Power revenue surged 80% year‑on‑year, driven primarily by 5G site roll‑outs by leading telecom operators and Exicom’s >60% wallet share in Bharat Net Phase 3. The Battery Energy Storage Systems (BESS) portfolio, offering solutions up to 300 kWh for residential and commercial segments, added 14 new customers and secured approximately ₹20 crore of bookings in Q1 FY27. Export markets in Africa and the Middle East contributed 8% of total revenue.

Management Commentary

Anant Nahata, Managing Director and CEO of Exicom, stated that the quarter’s performance was stronger than the same period last year, though cost pressures eroded margins more than anticipated. He expressed confidence in FY27, citing a larger customer base, expanded geographic reach, a deeper order book, and commitments that are expected to deliver throughout the fiscal year.

Financial Tables

| Revenue (₹ crore) | 236.8 | 150.7 | 331.0 | 205.3 |

| EBITDA (₹ crore) | 20.9 | 8.8 | (21.9) | (38.6) |

| EBITDA % | 8.8% | 5.8% | (6.6%) | (18.8%) |

| PAT (₹ crore) | 4.9 | (7.7) | (73.5) | (54.3) |