Exicom Tele-Systems Limited — Updates, 06-02-2025: Press Release

Exicom's latest financial results reveal a 28% quarter-on-quarter increase in consolidated revenues, reaching approximately INR 197 crore, benefiting from the Tritium acquisition. However, gross margins fell by 2.8% due to a mix shift in customers and currency depreciation. The EVSE business rebounded impressively with year-on-year revenue growth of about 120%, outpacing industry averages. The recent launch of the Harmony Boost solution positions Exicom to lead in high-power charging. Strategic partnerships and significant orders, including a landmark INR 1680 crore contract for the BharatNet project, reflect confidence in future growth despite current challenges in the Critical Power segment. The company's ambitious expansion strategy, including a new manufacturing facility in Hyderabad, aims to triple production capacity, enhancing its position in both domestic and global EV markets. Overall, Exicom shows promising momentum and is well-positioned to capitalize on the accelerating demand for EV infrastructure.