Exicom Tele-Systems Ltd

- Exicom expects strong revenue growth in FY 2026 with guidance of 50% growth on standalone basis and 100% growth on consolidated basis. - Significant increase in order book, especially in the Critical Power segment, with over Rs. 1,500 crores to be executed over next 3 years, ensuring robust revenue and profitability. - New product launches such as Gen 2.0 DC fast charger and portable SPIN Free charger expected to drive sales growth. - Expansion into global EV charging markets through acquisition of Tritium, with advanced negotiations for large contracts in U.S. and Europe. - Increased traction from telcos and tower companies in Africa, Southeast Asia, Middle East, and India. - Growth supported by new revenue streams including installation & commissioning services, digital services, and home chargers via B2C channels. - Market momentum and product innovation expected to improve market share compared to peers. - Overall, management remains confident about building a globally competitive business with strong growth potential.

- Guidance for FY '26 projects: - 50% revenue growth on a standalone basis. - 100% revenue growth on a consolidated basis. - Multi-fold growth in EBITDA on standalone basis. - Profitability: - Standalone financials expected to be healthy and profitable. - Consolidated profitability is cautiously optimistic due to ongoing investments in Tritium. - Tritium (EV charging business): - Strategy execution taking longer than expected, but long-term potential remains strong. - New products and cost optimizations expected to drive stronger FY '26 performance. - Critical Power business: - Stable growth of around 8%-10% annually. - Rs. 1,500 crore order book for next 3 years providing revenue visibility. - Promoters' support: - Rs. 80 crore investment in last financial year reinforcing commitment. - Overall outlook: - Positive, with expectation of turning profitable and significant growth in earnings over the next year.

- The Critical Power business currently has the highest-ever order book exceeding Rs. 1,500 crores, to be executed over the next 3 years, providing a robust revenue and profitability base. - The order book has grown nearly 8 times since December 31 (Quarter 3 FY '25). - Orders include large projects like Bharat Net and several from domestic and export customers (telecom operators, tower companies). - Bharat Net project orders are substantial, to be executed over three years, with significant volume starting from Q2 FY '26. - Recent signed frame agreements and orders: large telco in Africa, orders from Philippines and Myanmar, and series orders from biggest tower company in Saudi Arabia. - The order pipeline includes multiple government and private sector bids, with ongoing advanced stage negotiations for large contracts in the U.S., Europe, and Japan through Tritium (EV charger subsidiary). - The management remains optimistic about executing these contracts and updating shareholders in upcoming quarterly presentations.

- The company has passed an enabling resolution allowing for fundraising. - Promoters have already invested close to Rs. 80 crores in the last financial year, showing their commitment. - The Board has given in-principle approval to explore raising additional funds to support investments, particularly for Tritium. - Authorized capital has been increased by Rs. 25 crores to Rs. 155 crores to facilitate fundraising. - The company is considering both debt and equity options to ease out investments and support long-term growth. - Detailed updates on fundraising activities are expected in upcoming quarterly presentations.

- Exicom is investing in a new manufacturing plant for EV chargers in Hyderabad, with the revised go-live timeline set for September 2025. The project experienced a 2-3 month delay due to geological challenges and infrastructure issues but remains on track for efficiency and automation focus. - The promoters infused close to Rs. 80 crores in the last financial year as part of strategic support. - Shareholders approved an increase in authorized capital by Rs. 25 crores to Rs. 155 crores, and the Board has given in-principle approval to explore fundraising to support investments, especially related to Tritium. - There is ongoing strategic investment in Tritium, the EV charger acquisition, to strengthen global market presence, including product launches like the Tri-Flex charging platform and battery energy storage systems launched in Q4 fy25. - Focus on cost optimization and product innovation to improve margins and competitiveness.