Exicom Tele-Systems Limited has informed the Exchange about Investor Presentation
EXICOM · price
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Exicom Tele-Systems reported weak Q1 FY26 results with standalone revenue falling 38% YoY to Rs 150.7 Cr and consolidated revenue down 19% YoY to Rs 205.3 Cr. The Critical Power segment saw a 53.5% YoY revenue drop to Rs 97.8 Cr due to delays in Bharat Net project execution and battery deliveries, which management says will shift to Q2. EV Charger revenue grew 61.5% YoY to Rs 52.8 Cr on standalone basis driven by new EV model launches. Standalone gross margin improved sharply from 21.3% to 32.7% QoQ and EBITDA margin rose to 8.4%, but consolidated level swung to a loss with adjusted EBITDA at Rs -38.6 Cr and adjusted PAT at Rs -71.1 Cr due to Tritium's slower turnaround and exceptional items. Management highlighted a strong order backlog of over Rs 1,500 Cr (including ~Rs 1,200 Cr hardware supply) and the upcoming Hyderabad plant SOP in October 2025 as growth catalysts. The company also completed a Rs 260 Cr rights issue with proceeds deployed toward debt repayment, Tritium investment, and capex.
Shareholders face mixed signals — near-term pain from weak Q1 numbers and ongoing Tritium losses offset by a large order pipeline, improving standalone margins, and government EV policy tailwinds. The stock may see volatility as investors weigh the bright Q2 outlook against current consolidated losses, but the Rs 1,500+ Cr order book provides revenue visibility for the rest of FY26.