Exicom Opens FY27 with Order Wins Across Both Businesses as Revenue Grows Sharply Year on Year

Exicom Tele-Systems Limited (BSE: 544133 | NSE: EXICOM), one of India's leading EV charging and critical power companies, today announced its financial results for the first quarter of FY27. Standalone revenue rose ~57% year on year to ₹237 crore and EBITDA more than doubled to ~₹21 crore, lifting the EBITDA margin for Q1 to 8.8%. On a Consolidated basis, revenue grew 61% to ₹331 crore, with the EBITDA loss narrowing to ~₹22 crore from ~₹39 crore last year.

A Quarter That Moved the Year Forward, With Margin Still to Follow

Measured against the same quarter last year, both businesses grew strongly and consolidated losses narrowed. Revenue and profitability, however, declined sequentially, from Q4 FY26, as is usually the case in the first quarter. Most of the gap is visible in the (consolidated) gross margin - 31.7% against 39.4% a year ago. A bulk of this can be attributed to the external cost environment including exchange rate volatility and input cost pressures owing to key component prices. We are addressing it at source, building resilience into our supply chain. Underneath the quarterly numbers, both businesses built a strong order book.

EV Charging: A Quarter Spent Winning the Year's Business

India's EV market marked a pivotal moment this quarter, crossing 80,000 electric four-wheeler sales for the first time. A market of that size gives Exicom a materially larger base to sell into, across home charging and the public networks operators build. On the AC side, Exicom recorded a YoY growth of 35% in Q1 FY27. DC sales ran softer, as the first quarter is when charging network operators set budgets and plan sites. Exicom's India EV business grew revenue 15% year-on-year, and order booking stayed healthy.

Some of the key business highlights are captured below:

- On AC charging, Exicom became sole supplier of 7.4 kW units to a leading carmaker. The company strengthened its flagship Spin Air AC charging portfolio with the launch of an AI-chatbot - SpinWise and a new generation of its Spin Control app which now has public charger discoverability, real-time tracking and seamless support. Looking ahead, with EV makers forecasting much higher volumes owing to the market buoyancy, Exicom is working towards doubling its AC line capacity starting Q3.

- Across public charging, Exicom brought on fifteen new charge point operators, securing orders for over 180 DC chargers with Bus/Truck OEMs and Charging Network operators till October 2026. Exicom also renewed its long-term partnership with a leading e-trucking company.

- On the product side, Exicom introduced Slim DC chargers; sub-100 kW DC charging for dense commercial spaces. These Slim series chargers are enabled with smart tech features like Ring Topology which enables inter-charger power sharing to maximize efficiencies and throughputs.

- In exports, Exicom expanded its global footprint with orders from ten new countries, widening the base, while maintaining steady momentum across Southeast Asia and Middle East markets. The company also undertook extensive product development efforts, building an end-to-end ecosystem for selling custom-built and certified AC and DC chargers in specific European markets.

Tritium: Order Intake Steps Up as Next-Generation Products Reach Customers

Tritium recorded a revenue of USD 10.3 million and 508 charger sales in the current quarter. The next phase of Tritium's progress is now showing in its order book. During the quarter the business booked USD 20.8 million in orders, roughly double the previous quarter. Its newest high power charging system TRI-FLEX is under lab validation with the largest open public charging network in the US and on the power side, the first GRID-FLEX system started to operate at a hyperscale customer in June 2026. These developments, together with a strengthening order book, should support meaningful scale from Q2 FY27 onwards and keep Tritium on track for EBITDA breakeven in Q4 FY27.

Critical Power: A Quarter That Built the Order Book

Critical Power revenue grew 80% year on year, carried largely by 5G site expansion by leading telcos and Bharat Net Phase 3, where Exicom holds over 60% wallet share. Company's Battery Energy Storage Systems (BESS) portfolio which consists of solutions up to 300 kWh for home and C&I segment also added 14 customers and close to ₹20 crore bookings in Q1, an early base we expect to scale in FY27. Export markets continued to perform well with Africa and the Middle East contributing to 8% of revenues.

Remarking on the performance, Anant Nahata, Managing Director and CEO, Exicom, said: "Against the same quarter last year this is a stronger business. The Q1 revenue trajectory materialised as planned, however, cost pressure took more out of margins than what we anticipated. Looking at FY27, we are excited to see the EV market expand beyond its current shape and form. I am confident about the year ahead, and that confidence comes from where both our businesses now sit, with more customers, more geographies, a deeper order book, and commitments that deliver through FY27."

Standalone Performance Highlights

On a standalone basis, the company delivered a strong top-line recovery compared to the corresponding period of the previous fiscal:

Revenue from Operations: Stood at ₹236.8 crore in Q1 FY27, surging 57% year-on-year (YoY) compared to ₹150.7 crore in Q1 FY26, though declining sequentially from ₹282.1 crore in Q4 FY26.

EBITDA: More than doubled YoY to ₹20.9 crore in Q1 FY27 against ₹8.8 crore in Q1 FY26. EBITDA for Q4 FY26 was recorded at ₹29.9 crore.

EBITDA Margin: Expanded by 300 basis points YoY to 8.8%, compared to 5.8% in Q1 FY26 and 10.6% in Q4 FY26.

Profit After Tax (PAT): Turned positive YoY at ₹4.9 crore, marking a significant recovery from a net loss of ₹7.7 crore in Q1 FY26. Standalone PAT in the previous quarter (Q4 FY26) stood at ₹11.9 crore.

Consolidated Performance Overview

At the consolidated level, operational scale increased while profitability remained impacted:

Revenue from Operations: Grew 61% YoY to ₹331.0 crore in Q1 FY27 compared to ₹205.3 crore in Q1 FY26, down sequentially from ₹387.9 crore in Q4 FY26.

EBITDA: Recorded a operational loss at negative ₹21.9 crore in Q1 FY27, reflecting an improvement over the loss of ₹38.6 crore in Q1 FY26. EBITDA stood at ₹0.27 crore in Q4 FY26.

EBITDA Margin: Stood at negative 6.6% in Q1 FY27, improving from negative 18.8% in Q1 FY26 and compared to 0.1% in Q4 FY26.

Profit After Tax (PAT): Consolidated loss narrowed YoY to ₹73.5 crore for the quarter, compared to a net loss of ₹83.1 crore in Q1 FY26 and a loss of ₹54.3 crore in Q4 FY26.

Shares of Exicom Tele-Systems Limited was last trading in BSE at Rs. 152.65 as compared to the previous close of Rs. 158.95. The total number of shares traded during the day was 326726 in over 3291 trades.

The stock hit an intraday high of Rs. 161.15 and intraday low of 148.00. The net turnover during the day was Rs. 50095125.00.

Source : Equity Bulls

Keywords

ExicomTeleSystems INE777F01014 HeavyElectricalEquipment Q1FY27 Q1FY2027 ResultUpdate