Exicom Reports Robust Q2 Growth, Eyes Disciplined Scale-Up

12 Nov 2025 CW Team

The Critical Power business saw a rebound with consolidated revenue of about Rs 1700 million, driven by project execution post monsoon. Exicom supplied smart power and energy storage systems for over 5,000 Bharat Net sites and secured a new system integrator under a multi-year supply and AMC contract. It also received Rs 600 million in new lithium-ion battery orders from tower companies and began shipments to African clients.

The EV Charging division maintained strong momentum, achieving Rs 1120 million in revenue. The company sold over 20,000 AC chargers and entered a partnership with a leading Auto/EV OEM for 180 kW Harmony Direct 2.0 fast chargers. Expansion into Southeast Asia and the Middle East through channel partnerships is expected to boost exports in the coming quarters.

Exicom remains optimistic about high-power charging, supported by government e-bus tenders and growing e-truck activity. Anant Nahata, Managing Director and CEO said the company’s focus on technology, exports, and disciplined cost management positions it for sustainable EBITDA improvement.

Following the acquisition of Tritium in August 2024, Exicom has revived its sales momentum in the US and Europe. To support this, the board of Exicom BV has approved up to $40 million in external financing to fund Tritium’s product commercialisation and working capital. The firm targets Tritium’s EBITDA break-even by Q4 FY27.

Given the delayed upturn in EV sales and Bharat Net projects, Exicom expects stronger Q3 and Q4 results. The company has revised its FY26 guidance, projecting around 20 per cent standalone revenue growth and 35 per cent consolidated revenue growth.

Exicom Tele-Systems Limited, a leading player in India’s EV charging and critical power sectors, reported consolidated revenue of around Rs 2820 million in Q2 FY26, marking an 84 per cent year-on-year and 37 per cent quarter-on-quarter growth. Although consolidated EBITDA stood at a loss of Rs 327 million, the standalone business showed a strong turnaround, recording revenue of Rs 2280 million and EBITDA of Rs 151.7 million—up 72 per cent sequentially and 154 per cent year-on-year.The Critical Power business saw a rebound with consolidated revenue of about Rs 1700 million, driven by project execution post monsoon. Exicom supplied smart power and energy storage systems for over 5,000 Bharat Net sites and secured a new system integrator under a multi-year supply and AMC contract. It also received Rs 600 million in new lithium-ion battery orders from tower companies and began shipments to African clients.The EV Charging division maintained strong momentum, achieving Rs 1120 million in revenue. The company sold over 20,000 AC chargers and entered a partnership with a leading Auto/EV OEM for 180 kW Harmony Direct 2.0 fast chargers. Expansion into Southeast Asia and the Middle East through channel partnerships is expected to boost exports in the coming quarters.Exicom remains optimistic about high-power charging, supported by government e-bus tenders and growing e-truck activity. Anant Nahata, Managing Director and CEO said the company’s focus on technology, exports, and disciplined cost management positions it for sustainable EBITDA improvement.Following the acquisition of Tritium in August 2024, Exicom has revived its sales momentum in the US and Europe. To support this, the board of Exicom BV has approved up to $40 million in external financing to fund Tritium’s product commercialisation and working capital. The firm targets Tritium’s EBITDA break-even by Q4 FY27.Given the delayed upturn in EV sales and Bharat Net projects, Exicom expects stronger Q3 and Q4 results. The company has revised its FY26 guidance, projecting around 20 per cent standalone revenue growth and 35 per cent consolidated revenue growth.

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