Exicom Tele-Systems Limited, a leading player in India’s EV charging and critical power segment, reported a robust performance for the second quarter of FY26, registering a consolidated revenue of approximately ₹282 crore — an impressive 84% year-on-year and 37% quarter-on-quarter growth.
Despite continued consolidated EBITDA losses of ₹32.7 crore, Exicom’s standalone business delivered a solid turnaround, with revenues rising over 50% both sequentially and annually to ₹228 crore. Standalone EBITDA climbed sharply to ₹15.17 crore, marking a 72% QoQ and 154% YoY increase, reflecting the company’s sharper focus on technology-driven differentiation and customer engagement.
The Critical Power business staged a strong recovery, posting revenues of around ₹170 crore, driven by renewed project execution under Bharat Net. Exicom delivered smart power and energy storage systems to over 5,000 sites and secured a new multi-year AMC contract with a system integrator. Additionally, lithium-ion battery adoption surged, with new energy storage orders worth ₹60 crore, and the company initiated first-time exports to Africa.
In the EV Charging segment, Exicom continued its strong momentum, benefiting from robust EV sales, particularly in e-buses and e-trucks, and growing investments in high-power charging. The company achieved record AC charger sales of over 20,000 units this quarter and reported consolidated EVSE revenues of ₹112 crore. It also partnered with a leading Auto/EV OEM to introduce its 180 kW Harmony Direct 2.0 fast-charging system and expanded its footprint across Southeast Asia and the Middle East.
Looking ahead, Exicom expects to capitalize on major opportunities under the PM e-Drive scheme and the growing e-trucking segment, positioning itself as a leader in heavy-duty charging infrastructure.
Commenting on the results, Anant Nahata, Managing Director and CEO of Exicom, said: This performance reflects our clarity and consistent execution. Both our businesses have found their rhythm again, translating technology depth and customer focus into stronger sales. With a sharper product mix, higher exports, the new Hyderabad facility, and continued cost discipline, we expect sustained improvement in standalone EBITDA in the coming quarters.
Following its 2024 acquisition of Tritium, Exicom has been reviving the brand’s sales and customer sentiment globally. The company’s board has also approved up to $40 million in external financing to support Tritium’s next growth phase, focusing on product commercialization and cost optimization, with a target of EBITDA break-even by Q4 FY27.
Given the delayed yet visible resurgence in EV sales and Bharat Net projects, Exicom remains cautiously optimistic for the coming quarters, revising its full-year guidance to a 20% standalone revenue growth and 200% standalone EBITDA growth, with consolidated revenue expected to rise 35% for FY26.
