Exicom Reports Strongest Quarter of FY26, Showing Revival in Standalone and Consolidated Growth

Exicom Reports Strongest Quarter of FY26, Showing Revival in Standalone and Consolidated Growth​

Exicom Tele-Systems Limited, a prominent manufacturer in the EV charging and critical power sectors, announced its financial results for the fourth quarter (Q4) and the full financial year (FY26). The company reported significant quarter-on-quarter growth and key operational milestones across both its India and global businesses.

Standalone revenue for the full year stood at approximately ₹895 crore, marking a 19% Year-over-Year (YoY) increase. Consolidated revenue reached approximately ₹1,152 crore, showing a robust growth of 33% YoY.

The financial performance across the five quarters was summarized as follows:

Q4 Performance and Business Strategy​

CEO and Managing Director Anant Nahata stated that the financial results reflect the strong efforts throughout the year. He highlighted that standalone EBITDA posted strong results, and the consolidated business achieved EBITDA breakeven for the first time since the Tritium acquisition. This turnaround was attributed to better product mix, sharper execution, and Tritium beginning to scale commercially.

Q4 demonstrated improved performance, with the standalone business's quarterly EBITDA margin rising from 5.8% in Q1 to 10.6% in Q4. This improvement, alongside rising exports and the commercial scale-up of Tritium, moved the consolidated EBITDA to breakeven in Q4, reversing a loss of approximately ₹32 crore seen in Q3.

EV Charging Market Momentum​

The Indian EV market continued its upward trajectory in FY26, marked by a 109% YoY rise in 4-wheeler EV sales. This sustained demand is supported by numerous EV launches, traction in e-buses and commercial vehicles, and favorable central and state policies.

In the current quarter, Exicom’s standalone business grew 27% Quarter-on-Quarter (QoQ), which was significantly above the market's 14% expansion. Key operational achievements in the EV sector include:

• Deployment: The company executed the country’s largest fast-charging rollout across 180+ cities and 350+ locations for a leading passenger car OEM.
• Technology: Exicom upgraded its Remote Management System with AI capabilities and commissioned a new Network Operations Centre (NOC) for predictive diagnostics, improving charger reliability.
• Exports: Exicom is developing exports into a structural revenue pillar. EV exports revenue reached approximately ₹30 crore, more than double the figure from the previous year.

Critical Power and Tritium Segments​

Tritium: The subsidiary reported its strongest commercial quarter yet, achieving USD $9.7 Mn in revenue (+157% QoQ) and building a USD $12.6 Mn backlog entering Q1 FY27. Tritium secured orders from a major US fleet operator for its next-generation DC-FLEX fleet charger, with deliveries expected starting in Calendar Year (CY) 2027. Furthermore, Tritium was selected as the charging technology vendor for a major American urban ferry electrification programme.

Critical Power: Despite the telecom tower rollout growth softening to 3.7% YoY in FY26, the business recorded a landmark order for DC power systems from a major Indian telco for delivery in FY27. The company also recorded its highest quarterly exports to Africa, the Middle East, and Southeast Asia.

Manufacturing Expansion​

A major milestone for the year was the inauguration of Exicom's integrated Hyderabad plant in March 2026. This facility was built with a ₹216 crore investment, enhancing the company's manufacturing capacity by 2.5 times. The plant operates on Industry 4.0 principles, incorporating advanced automation and robotics. This facility enables local manufacturing of Tritium's liquid-cooled power modules, strengthening the company's operational edge for FY27.

EXICOM Stock Price Movement​

Today, Exicom Tele-Systems Limited shares edged higher, closing at ₹115.58, having gained 5.02% on the board. The stock settled on solid volume, with 871,354 shares traded during the session.