Exicom Reports Strongest Quarter Of FY26; Consolidated Q4 Revenue Jumps 46% YoY, EBITDA Turns Breakeven

The Indian equity markets traded lower on Tuesday, with the benchmark Nifty 50 index declining 0.20 per cent to 23,601.90 during the session. Despite weakness in the broader market, electric vehicle charging and energy infrastructure stocks remained in focus amid rising EV adoption and infrastructure investments. In this segment, Exicom Tele-Systems Ltd witnessed buying interest after the company announced its Q4FY26 and FY26 financial results. On Tuesday, EXICOM share price gained 4.86 per cent to Rs 115.70.

Exicom Q4FY26 Results

Exicom Tele-Systems reported, revenue stood at Rs 388 crore in Q4FY26 compared to Rs 266 crore reported in Q4FY25, registering a growth of around 45.9 per cent YoY. Consolidated EBITDA turned positive at Rs 0.3 crore during the quarter as against a loss of Rs 16 crore reported in Q4FY25. Consolidated loss after Tax stood at Rs 54 crore during Q4FY26 compared to a loss of Rs 62 crore reported in the corresponding quarter previous year.

The company stated that Q4FY26 marked its strongest quarter of FY26 supported by domestic growth, exports and commercial scale-up of Tritium operations.

Exicom FY26 Annual Performance

For FY26, Exicom Tele-Systems reported a consolidated basis, revenue stood at Rs 1,152 crore in FY26 compared to Rs 868 crore reported in FY25, reflecting a growth of around 32.7 per cent YoY. Consolidated EBITDA loss stood at Rs 103 crore during FY26 compared to a loss of Rs 37 crore reported in FY25, while consolidated net loss widened to Rs 274 crore from Rs 110 crore reported in the previous financial year.

The company stated that the increase in consolidated losses was primarily due to inclusion of twelve months of Tritium operations during FY26 compared to seven months in FY25.

EV Charging Business Highlights

Exicom stated that India’s EV market continued witnessing strong growth during FY26 with four-wheeler EV sales rising around 109 per cent YoY. During the quarter, the company delivered the country’s largest fast-charging rollout across more than 180 cities and 350+ locations for a leading passenger vehicle OEM.

The company also commissioned a new Network Operations Centre with AI capabilities for predictive diagnostics and upgraded its Remote Management System to improve reliability of public charging infrastructure at scale.

Exicom further stated that EV exports revenue crossed around Rs 30 crore during FY26, more than doubling compared to last year, supported by growing international order pipeline across Southeast Asia and other global markets.

Tritium And Manufacturing Expansion

Tritium, the company’s global EV charging subsidiary, reported revenue of USD 9.7 million during the quarter, registering a growth of around 157 per cent QoQ. The company also reported an order backlog of USD 12.6 million entering Q1FY27.

During FY26, Exicom inaugurated its integrated Hyderabad manufacturing facility developed with an investment of around Rs 216 crore. According to the company, the facility expands manufacturing capacity by 2.5 times and includes Industry 4.0 automation and testing infrastructure for power electronics manufacturing.

Management Commentary

Anant Nahata, CEO and Managing Director, Exicom, stated that FY26 remained a challenging year but Q4FY26 reflected the outcome of operational execution and commercial scale-up across India and global businesses. He added that the standalone business reported strong EBITDA performance while the consolidated business achieved EBITDA breakeven for the first time since the Tritium acquisition.

The management further stated that FY27 begins with manufacturing capacity expansion, stronger customer traction and improving demand conditions across both EV charging and critical power businesses.

About Exicom Tele-Systems

Exicom Tele-Systems Ltd is engaged in manufacturing EV charging solutions and critical power infrastructure products. The company operates across AC and DC charging systems, battery energy storage, telecom power solutions and energy management infrastructure.

The company has operations across India, Southeast Asia, Middle East, Europe and the United States with more than 1,50,000 chargers sold globally.

What are your views on Exicom’s Q4FY26 performance and global EV charging expansion strategy? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.