Exicom Tele-Sys. Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Electrical Equipment | Market Cap: ₹2.1K Cr
Critical Power business expected to grow substantially in FY27 with a strong order book of Rs. Expectation of much stronger performance in Q4 FY26 and FY27, driven by growth in both Critical Power and Tritium businesses.
From Exicom Tele-Sys.'s Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹160
Market Cap
₹2.1K Cr
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Exicom Tele-Sys. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹388 Cr, net profit ₹-54 Cr.
Full financials →📊 Revenue & Sales Performance
- →Critical Power business expected to grow substantially in FY27 with a strong order book of Rs. 1,400+ crores executable over 24 months; potential to approach Rs. 1,000 crores revenue in FY27.
- →Telecom CAPEX plans include more than 120,000 tower/site build-ups or upgrades in FY27, driving demand.
- →EV charger business growing steadily; 4% standalone growth in Q3 FY26 with focus on India (59-60% revenue share) and expanding exports to US, Europe, Australia.
- →Tritium entering growth phase from Q4 FY26; aiming for 3x revenue scale-up in FY27 compared to FY26; targeted consolidated EBITDA breakeven by Q4 FY27.
- →Tritium backlog around $15 million as of January 2026 with new product TRI-FLEX production from March 2026 expected to ramp up sales gradually.
- →Exicom anticipates continuous quarter-on-quarter improvement and stronger overall performance in Q4 FY26 and FY27.
📈 Profitability & Margins
- →Expectation of much stronger performance in Q4 FY26 and FY27, driven by growth in both Critical Power and Tritium businesses.
- →Tritium targeted to achieve consolidated EBITDA breakeven in Q4 FY27, with continuous quarter-on-quarter improvement starting Q4 FY26.
- →Critical Power business projected to grow significantly in FY27 due to large telecom CAPEX plans (~1,20,000 towers/sites expected), possibly growing 20-30% in good years.
- →Robust order book of Rs. 1,435 crore in Critical Power, mostly executable over next 24 months, supporting revenue growth.
- →YTD Critical Power revenues up ~8.5%, EVSE business up 65%, showing strong growth momentum.
- →Standalone revenues already up 14% YTD FY26; FY27 expected to benefit from large order execution and new market expansions.
- →Marketing and product innovations (e.g., TRI-FLEX charger launch) expected to boost sales and margins.
- →Overall, EPS and profitability expected to improve significantly due to scaling operations, focused growth, and cost management.
🏗️ Capital Expenditure Plans
- →Tritium investment remains a key strategic focus, with over $3 million invested in procurement of materials for initial production of the TRI-FLEX ultra-fast high-power chargers starting March 2026.
- →Tritium secured $10 million equity infusion from a UK PE firm for funding its higher cost structure and growth, with discussions ongoing for further minority stake investments.
- →Exicom raised about Rs. 400 crores via IPO in March 2024, which has been almost fully deployed as planned across production ramp-up, R&D, and other corporate uses.
- →The new Hyderabad plant for Critical Power and EV chargers is being fully commissioned by March 2026, marking a capital investment in enhanced manufacturing capability.
- →No plans to enter capital-intensive charge point operator (CPO) business; Exicom remains focused on its core technology and product areas.
💰 Fundraising & Capital Structure
- →Exicom Tele-Systems Limited has secured $10 million equity capital from a UK-based private equity firm specifically for its subsidiary Tritium at the holding company level (not at Exicom's listed company level).
- →The funds from this equity infusion are currently being drawn and deployed for Tritium's operations.
- →There are ongoing progressive discussions with multiple other players for minority stake investments in Tritium.
- →No mentioned plans for fundraising through equity or debt at the Exicom listed company level as per the latest call.
- →The funds from the previous IPO (~Rs. 400 crores) and rights issue raised last year have been almost fully utilized as per plans.
📋 Order Book & Pipeline
- →The current order book for Critical Power stands at approximately Rs. 1,435 crores.
- →This order book is largely executable over the next 24 months, with very minimal portions extending up to 30 months.
- →Exicom's YTD Critical Power revenue is around Rs. 425 crores, with Q4 typically being the strongest quarter.
- →The backlog for Tritium, including TRI-FLEX orders, is about $15 million as of January 1, 2026.
- →There is a significant $30 million firm purchase order and forecast from a large US customer for Tritium products, deliveries spread over calendar year 2026.
- →TRI-FLEX production begins March 2026 with initial momentum expected after deployment of initial units, but exact sales figures are not disclosed.
- →Overall, Tritium aims for a 3x revenue scale-up in FY27 compared to FY26 to achieve EBITDA breakeven by Q4 FY27.
Key Metrics
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Frequently Asked Questions
What were Exicom Tele-Sys. Q3 FY26 results?
Critical Power business expected to grow substantially in FY27 with a strong order book of Rs. Expectation of much stronger performance in Q4 FY26 and FY27, driven by growth in both Critical Power and Tritium businesses.
What is Exicom Tele-Sys. share price analysis?
Exicom Tele-Sys. currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹2,111 Cr. Investors should review the full earnings analysis for detailed insights.
Is Exicom Tele-Sys. planning capital expenditure?
Tritium investment remains a key strategic focus, with over $3 million invested in procurement of materials for initial production of the TRI-FLEX ultra-fast high-power chargers starting March 2026. - Tritium secured $10 million equity infusion from a UK PE firm for funding its higher cost structure and growth, with discussions ongoing for further minority stake investments. - Exicom raised about Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.