Exicom Tele-Systems Ltd (EXICOM) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company demonstrated strong standalone performance in Q2 FY26, with revenue reaching 228 crores, marking a significant quarter-on-quarter and year-on-year growth. This rebound was attributed to both the Critical Power and EV Charging businesses regaining their rhythm after the previous quarter.
- Growth was driven by heightened activity in new telecom tower installations and the commencement of major deliveries for the Bharat Net project, contributing to a robust order backlog of over 1,400 crores in the Critical Power segment.
- The EV Charging business also saw phenomenal growth, fueled by new vehicle launches from major OEMs like Mahindra, Kia, and Tata, and increased adoption of e-buses under the PM E-bus Seva scheme, leading to the highest-ever sales of AC chargers by volume (over 20,000 units).
- While standalone operations showed improved profitability, the consolidated results remain under pressure due to near-term losses from the Tritium subsidiary. Management expects this strain to continue for a few more quarters but views Tritium as a long-term strategic growth driver.
- The company is advancing with its new manufacturing facility in Hyderabad, which is set to begin trial production in November and full commercial production from January. This plant is expected to significantly enhance manufacturing capabilities, capacity, and operational efficiency in the long run.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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