Exicom Q1 FY27 Results

Exicom Tele-Systems, an Indian EV charging and critical power company, announced its Q1 FY27 financial results on August 10, 2026. Standalone revenue rose ~57% year-on-year to ₹237 crore, with EBITDA more than doubling to ~₹21 crore and margin at 8.8%. Consolidated revenue grew 61% to ₹331 crore, while the consolidated EBITDA loss narrowed to ~₹22 crore from ~₹39 crore a year earlier. Gross margin declined to 31.7% from 39.4% due to exchange rate volatility and input cost pressures. The EV charging business saw AC revenue grow 35% YoY, and the company became sole supplier of 7.4 kW chargers to a leading carmaker, added fifteen new charge point operators, and secured orders for over 180 DC chargers. Exports expanded to ten new countries. Tritium, a subsidiary, recorded revenue of USD 10.3 million and booked USD 20.8 million in orders, roughly double the previous quarter, with its TRI-FLEX system under validation in the US and GRID-FLEX operational at a hyperscale customer. Critical Power revenue grew 80% YoY, driven by 5G expansion and Bharat Net Phase 3, with BESS adding 14 customers and ~₹20 crore bookings. CEO Anant Nahata expressed confidence in the year ahead, citing a stronger order book and market expansion.