Financial Results Overview
Consolidated Performance (₹ Crore)
- Q2 FY27 Revenue: ₹388.3 crore, up 38% sequentially from Q1 FY27 (₹331.1 crore) and up from Q2 FY26 (₹281.7 crore)
- Q2 FY27 EBITDA: ₹1.8 crore (positive), improved from loss of ₹21.9 crore in Q1 FY27 and loss of ₹32.7 crore in Q2 FY26
- Q2 FY27 EBITDA %: 0.5%, improved from -6.6% in Q1 FY27 and -11.6% in Q2 FY26
- Q2 FY27 PAT: Loss of ₹57.8 crore, improved from loss of ₹73.6 crore in Q1 FY27 and loss of ₹68.8 crore in Q2 FY26
Standalone Performance (₹ Crore)
- Q2 FY27 Revenue: ₹277.0 crore, up 21.3% YoY from Q2 FY26 (₹228.4 crore) and up from Q1 FY27 (₹236.8 crore)
- Q2 FY27 EBITDA: ₹25.6 crore, up 69% YoY from Q2 FY26 (₹15.2 crore) and up from Q1 FY27 (₹20.9 crore)
- Q2 FY27 EBITDA %: 9.2%, improved from 6.6% in Q2 FY26 and 8.8% in Q1 FY27
- Q2 FY27 PAT: ₹7.8 crore, up from ₹5.9 crore in Q2 FY26 and ₹4.9 crore in Q1 FY27
Strategic Business Updates
EV Charging Business Performance
- EVSE Revenue: Crossed ₹100 crore for the first time in a quarter
- Production Volume: Produced 2.5x AC chargers and 2x DC chargers compared to previous quarter
- Market Position: Works with 7 of India's top 10 EV makers, 17 of top 20 charging operators, and 9 of 18 e-bus/truck makers
- Market Analysis: Estimates annual charging demand scaling to 130K AC chargers, 25K DC chargers, and nearly 6K high power DC chargers for e-bus/truck segment
Export Expansion
- New Market Entry: Entered 10 new countries in Q2 FY27
- Distribution Partners: Onboarded 10 new distribution partners
- Product Enhancements: Extended AI-based remote monitoring to Spin Air AC chargers and introduced AI-enabled service agent
Critical Power Business
- Large Order: Secured order of ~5K DC power systems with tier 1 telecom operator
- Market Share: Maintains ~50% market share in hybrid power and battery solutions for BharatNet's mid-mile network
- Export Growth: Added new customers in Africa and Middle East
- Energy Storage: Signed long-term agreements with distributors across home and C&I segments
Tritium Divestment Approval
- Board Approval: Board approved divestment of Tritium global DC fast-charging business
- Valuation: Indicative enterprise valuation of USD 85 million on cash free, debt free basis
- Status: Non-binding term sheet approved from prospective acquirer
- Conditions: Subject to confirmatory due diligence, customary closing adjustments, and mutual agreement on definitive transaction documents
- Technology Retention: Exicom retains perpetual licence to TRI-FLEX technology
- Rationale: Capital reallocation to focus on aggressive growth in core Indian and export markets
Management Commentary
Anant Nahata, CEO and Managing Director, stated: "We remain convinced of Tritium's potential to be a leading power electronics solutions provider to EV charging, Industrial and Data Centre segments. The Tritium acquisition has given us access to global markets, and its liquid-cooled power modules are now made at our Hyderabad plant. Those gains stay with us."
Market Context
- EV Sales Growth: 1.9 lakh EVs sold in India between April-September 2026, up 59% from previous 6 months
- Infrastructure Growth: 5G expansion and large PSU projects driving telecom power demand through 2030
- Energy Storage Projection: C&I installations projected to grow from under 1 GWh in 2025 to 31 GWh by 2032
Forward-Looking Statements Disclaimer
Document contains forward-looking statements subject to economic conditions, government policies, and other incidental factors. Actual results may differ materially.