Exicom Tele-Systems Ltd (EXICOM) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Exicom secured its largest ever purchase order worth Rs. 1,680 crores in the critical power business. This order encompasses hybrid power systems, lithium-ion batteries, and services, including maintenance contracts for over 10 years, aimed at connecting 160,000 panchayats under the BharatNet program.
- In the EV charging segment, Exicom acquired Tritium, a global DC charging company, in September 2024. Efforts are underway to restart operations, transfer assets and contracts, and reignite sales and service momentum.
- Domestic EV charger business experienced a 38% revenue growth in Q3 FY25 compared to Q3 FY24, reaching Rs. 67 crores. This growth is attributed to the PM e-drive policies, new EV model launches, and ongoing e-bus deployments.
- The critical power business experienced a decline in Q3 FY25 due to consolidation within telecom infrastructure companies, delays in PSU projects, and telcos deferring CAPEX after 5G investments.
- Exicom launched Harmony Boost, an integrated DC fast charging technology with energy storage, at the Bharat Mobility Show in January 2025.
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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