Exicom Tele-Systems LimitedQ1 FY27 Results & Financial Update
Exicom Tele-Systems Limited: Q1 FY27 consolidated results and company financials – revenue ₹331.07 Cr, PAT ₹-73.57 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Exicom Tele-Systems Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Exicom Tele-Systems Limited reported consolidated revenue from operations of ₹331.07 crore for the first quarter ended June 30, 2026, marking a robust 61% year-on-year expansion compared to ₹205.3 crore in the corresponding quarter of the previous financial year.
The top-line growth was supported by strong execution in the Critical Power segment—which grew 73% year on year to ₹177.2 crore—and solid momentum in EV charging solutions, where consolidated revenue reached ₹153.9 crore.
Consolidated EBITDA loss narrowed significantly year on year to approximately ₹22 crore from ₹38.6 crore previously, though sequential profitability moderated from Q4 FY26 due to typical seasonal patterns and lower gross margins.
Gross margins on a consolidated basis stood at 31.7% in Q1 FY27 compared to 39.4% in Q1 FY26, pressured by component price volatility and product mix normalization from the Tritium business.
Standalone operations demonstrated stronger profitability, with standalone revenue rising 57.2% year-on-year to ₹236.8 crore and standalone PAT turning positive at ₹4.9 crore, supported by operating leverage and improved realization in domestic markets.
The company accumulated a robust consolidated order book exceeding ₹1,400 crore as of July 1, 2026, providing strong revenue visibility across both business divisions for the remainder of FY27.
01 · Business model
What does Exicom Tele-Systems do?
Exicom Tele-Systems Limited operates as a power electronics and energy management solutions provider, specializing in two core pillars: Electric Vehicle Supply Equipment (EVSE) and Critical Power systems.
The Critical Power division provides high-reliability power conversion modules, indoor and outdoor DC power systems, hybrid power systems, and lithium-ion battery energy storage systems (BESS) primarily serving telecommunication networks, tower companies, and data infrastructure.
The EV Charging segment covers an extensive product range spanning from 3.3 kW home AC chargers to 600 kW ultra-fast DC public chargers, serving original equipment manufacturers (OEMs), charge point operators (CPOs), and commercial fleets.
Through strategic acquisitions such as Tritium, the company maintains a global footprint spanning India, Southeast Asia, the Middle East, Europe, and the United States, backed by dedicated manufacturing plants and R&D hubs.
02 · Historical context
What shaped the business before this quarter
Exicom was incorporated in 1994, initially focusing on critical power operations before expanding into telecom and tower infrastructure markets.
The company diversified into electric vehicle charger solutions and battery manufacturing between 2017 and 2019, establishing supply relationships with major automotive OEMs.
Exicom completed its initial public offering and listed on NSE and BSE in 2024, alongside acquiring global fast-charger specialist Tritium to expand its presence in the US and European markets.
In 2026, the company launched a large-scale manufacturing facility in Hyderabad spanning 18.4 acres, designed to triple previous production capacity with advanced automation.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹331.07 Cr |
| Total income | ₹336.00 Cr |
| Profit before tax | ₹-72.04 Cr |
| Profit after tax | ₹-73.57 Cr |
| EPS | ₹-4.98 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Critical Power revenue grew 73% year-on-year on a consolidated basis to ₹177.2 crore, driven by 5G site expansion by leading telecom operators and Bharat Net Phase 3 contracts.
Consolidated EVSE revenue reached ₹153.9 crore, aided by a record quarter for Indian passenger EV registrations (crossing 85,845 units in Q1 FY27) and new OEM supply wins.
Tritium recorded USD 10.3 million in revenue and 508 charger sales during the quarter, with quarterly bookings doubling sequentially to USD 20.8 million.
What drove margins
Standalone EBITDA more than doubled year-on-year to ₹20.9 crore, lifting the standalone EBITDA margin to 8.8% on account of better realization and operational scaling.
Consolidated profitability was impacted by higher employee and overhead expenses, alongside increased depreciation and amortization costs stemming from the capitalization of the new Hyderabad plant.
05 · Demand, customers & order book
Where demand is coming from
The company's consolidated order book and backlog stood at over ₹1,400 crore as of July 1, 2026.
Exicom secured a 100% share of business for 7.4 kW AC chargers with a leading four-wheeler OEM and renewed agreements with key commercial vehicle manufacturers.
Added 15 new Charge Point Operator (CPO) customers in Q1, securing confirmed orders for over 180 DC chargers to be delivered through October 2026.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Critical Power generated segment revenue of ₹177.2 crore with a segment profit before interest and tax of ₹12.8 crore on a consolidated basis.
EV Charger segment contributed consolidated revenue of ₹153.9 crore, recording a segment loss before interest and tax of ₹68.6 crore, reflecting ongoing global investments and inventory normalization.
Geography and market mix
Export markets across Southeast Asia, Africa, and the Middle East contributed steady revenue, with Critical Power exports accounting for 8% of divisional sales (~₹15 crore).
Exicom secured orders from ten new countries across Europe, South America, and Western Asia during the quarter.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The new manufacturing facility in Hyderabad features a total area of 18.4 acres (2.8 lakh sq. ft. built-up area), capable of producing over 200,000 AC chargers, 4,000 DC chargers, and 10,000 lithium-ion battery packs annually.
Management noted plans to double AC line capacity starting in Q3 FY27 to meet higher projected volume demands from EV makers.
Projects, capex and execution
The company incurred parallel operating costs and higher fixed expenses during the transition and scaling of manufacturing operations from Gurugram to the new Hyderabad facility.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Launched the Gen 2 Slim DC series (60 kW and 80 kW), smart power-sharing DC chargers utilizing proprietary ring technology (delivering up to 120 kW per gun), and 7.4 kW portable chargers.
The BESS portfolio (up to 300 kWh for home and commercial & industrial segments) added 14 customers and nearly ₹20 crore in bookings during Q1 FY27.
Tritium's TRI-FLEX charging platform underwent lab validation with the largest US open public network, while the first GRID-FLEX system went live at a hyperscale customer site in June 2026.
09 · Reported developments
What changed operationally
Consolidated operating revenue grew 61.2% year-on-year to ₹331.1 crore, reflecting robust demand across both Critical Power and EV charging verticals.
Consolidated EBITDA loss narrowed to ₹21.9 crore from ₹38.6 crore in Q1 FY26, while consolidated PAT loss improved from ₹83.1 crore to ₹73.6 crore.
10 · Pressure points & risks
What is not going smoothly
Margin pressures from foreign exchange volatility and raw material component costs impacted consolidated gross margins, which declined to 31.7% from 39.4% in the year-ago period.
11 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated net debt stood at ₹370.1 crore as of June 30, 2026.
12 · Management guidance & targets
What management is targeting from here
Management maintained its outlook for Tritium to achieve EBITDA breakeven by Q4 FY27, supported by growing order intake and backlog conversion.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
Software and Ecosystem Enhancements
Exicom launched 'SpinWise', an AI-chatbot, alongside a new generation of its 'Spin Control' mobile application featuring public charger discoverability and real-time tracking.
Reported update
Regulatory Tailwinds
New building code notifications in Haryana (mandating EV-ready conduits and charging points in commercial/residential developments) and the Delhi EV Policy 2026 are expected to transition EV charging from incentive-driven to regulatory-mandated demand.
14 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue moderated by 14.7% sequentially from ₹387.9 crore in Q4 FY26 to ₹331.1 crore in Q1 FY27, reflecting customary first-quarter budget planning cycles among infrastructure customers.
15 · Key Q&A
The quarter, answered directly
What does Exicom Tele-Systems do?
Exicom Tele-Systems Limited operates as a power electronics and energy management solutions provider, specializing in two core pillars: Electric Vehicle Supply Equipment (EVSE) and Critical Power systems.
What is the clearest takeaway from Q1 FY27?
Exicom Tele-Systems Limited reported consolidated revenue from operations of ₹331.07 crore for the first quarter ended June 30, 2026, marking a robust 61% year-on-year expansion compared to ₹205.3 crore in the corresponding quarter of the previous financial year.
What drove revenue or demand?
Critical Power revenue grew 73% year-on-year on a consolidated basis to ₹177.2 crore, driven by 5G site expansion by leading telecom operators and Bharat Net Phase 3 contracts.
What mattered most for margins or profitability?
Standalone EBITDA more than doubled year-on-year to ₹20.9 crore, lifting the standalone EBITDA margin to 8.8% on account of better realization and operational scaling.
What changed operationally beyond the headline numbers?
The new manufacturing facility in Hyderabad features a total area of 18.4 acres (2.8 lakh sq. ft. built-up area), capable of producing over 200,000 AC chargers, 4,000 DC chargers, and 10,000 lithium-ion battery packs annually.
What is management guiding or targeting from here?
Management maintained its outlook for Tritium to achieve EBITDA breakeven by Q4 FY27, supported by growing order intake and backlog conversion.
16 · Scenario calculator
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Tritium Order Execution: Monitor the conversion of Tritium's USD 23 million order backlog and field trial progress of TRI-FLEX and GRID-FLEX systems toward Q4 FY27 EBITDA breakeven.
- 02
Hyderabad Plant Scaling: Track the execution of capacity expansion plans for AC chargers and realization of operating efficiencies from the newly launched Hyderabad manufacturing plant.
- 03
Order Book Conversion: Observe the execution pace of the ₹1,400+ crore consolidated order book across BharatNet Phase 3 and private telecom accounts.
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