Exicom Tele-Systems Limited has informed the Exchange regarding a press release dated August 12, 2025, titled Exicom Q1 FY26: Navigating a Soft Quarter with Clear Momentum for the Road Ahead
EXICOM · price
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Exicom reported weak Q1 FY26 results with consolidated revenue of INR 205.3 crore, a negative EBITDA margin of -18.8%, and an adjusted loss of INR 71.1 crore, though the standalone business posted a small profit of INR 1.1 crore. Management acknowledged the soft quarter but highlighted an order book exceeding INR 1,500 crore entering Q2 and signalled that revenue from the delayed Bharat Net project will start flowing from Q2. The EV charging business saw strong tailwinds from India's rising four-wheeler EV sales, with the Harmony Direct 2.0 charger gaining adoption among 5 of the top 8 EV customers and a new Southeast Asia framework deal worth nearly USD 6 million. The Tritium subsidiary showed positive lead indicators with 700+ chargers deployed globally, and the Hyderabad manufacturing plant is on track to begin operations by October 2025.
The sharp quarterly loss and negative EBITDA margin are negatives, but the INR 1,500+ crore order book, visible demand tailwinds, and management's commitment to cutting cash losses suggest potential recovery in coming quarters. Near-term stock sentiment may remain cautious given the weak headline numbers, though operational milestones in Q2 could act as catalysts.