Exicom FY27 Q1 Revenue Surges 57% YoY to ₹237 Cr; EBITDA Doubles
Exicom Tele-Systems reported Q1 FY27 standalone revenue of ₹237 crore, up 57% YoY, with EBITDA doubling to ₹21 crore. Consolidated revenue grew 61% to ₹331 crore, and EBITDA loss narrowed to ₹22 crore. The EV charging business secured orders for over 180 DC chargers, while Critical Power revenue grew 80%.
The significant year-on-year revenue growth and doubling of EBITDA, coupled with strategic wins in the EV charging and Critical Power segments, indicate a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year revenue growth and a significant increase in EBITDA, alongside a narrowing EBITDA loss on a consolidated basis. Despite margin pressures, the outlook remains positive with a strong order book and expanding market presence.
Exicom Tele-Systems Limited announced its financial results for the first quarter of FY27, reporting a significant year-on-year growth. Standalone revenue increased approximately 57% to ₹237 crore, with EBITDA more than doubling to ₹21 crore, resulting in an EBITDA margin of 8.8% for Q1.
On a consolidated basis, revenue grew by 61% to ₹331 crore. The consolidated EBITDA loss narrowed to approximately ₹22 crore from ₹39 crore in the same quarter last year. This improvement was achieved despite a sequential decline in revenue and profitability from Q4 FY26, which is typical for the first quarter. The company attributed the pressure on consolidated gross margin (31.7% in Q1 FY27 vs. 39.4% in Q1 FY26) to external cost factors, including exchange rate volatility and input cost pressures.
The EV Charging business saw a 15% year-on-year revenue growth in India. Exicom secured orders for over 180 DC chargers with Bus/Truck OEMs and Charging Network operators until October 2026 and renewed a long-term partnership with a leading e-trucking company. The company also introduced new AC charging solutions and expanded its product portfolio with Slim DC chargers for commercial spaces. In exports, Exicom expanded its footprint to ten new countries and is developing an end-to-end ecosystem for custom-built chargers in specific European markets.
Tritium, a subsidiary, recorded revenue of USD 10.3 million and 508 charger sales. The business booked USD 20.8 million in orders during the quarter, with its next-generation TRI-FLEX high power charging system under validation and the first GRID-FLEX system operational. Tritium is on track for EBITDA breakeven in Q4 FY27.
The Critical Power business revenue grew 80% year-on-year, driven by 5G site expansion and Bharat Net Phase 3. The Battery Energy Storage Systems (BESS) portfolio added 14 customers and bookings of close to ₹20 crore in Q1. Exports from Africa and the Middle East contributed 8% of revenues.
Anant Nahata, Managing Director and CEO, stated that while Q1 revenue materialized as planned, cost pressures impacted margins more than anticipated. He expressed confidence in the year ahead, citing growth in customers, geographies, a deeper order book, and commitments for FY27.
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