Exicom Surges Ahead: EV Charging and Critical Power Solutions Shine in Q2 FY26

Exicom Tele-Systems Limited, one of India's leading EV charging and critical power companies, has announced its financial results for Q2 FY26, reporting impressive growth. The company's consolidated revenues stood at around ₹282 crore, an 84% year-on-year and 37% quarter-on-quarter increase. While the consolidated bottom line remained under pressure with an EBITDA loss of ₹32.7 crore, the company's standalone business delivered a solid turnaround in both revenue and profitability.

Standalone revenues for Exicom reached around ₹228 crore, rising over 50% both sequentially and year-on-year. This was driven by a sharper focus on technology-led differentiation and customer engagement amid industry tailwinds. Standalone EBITDA for Q2 FY26 was ₹15.17 crore, up 72% quarter-on-quarter and 154% year-on-year.

The company's critical power business also bounced back strongly this quarter, with around ₹170 crore in consolidated revenues. This growth was driven by renewed project activity post-monsoons, where Exicom delivered smart power and energy storage systems for over 5,000 Bharat Net sites. The company also added a new system integrator under Bharat Net through a multi-year supply and AMC contract, further strengthening its role in rural connectivity.

In the EV Charging business, Exicom witnessed strong momentum, with around 51,000 4w EVs sold this quarter, strong activity in e-buses and e-trucks, and rising investments by CPOs and OEMs towards fast-charging infrastructure. Exicom's consolidated EVSE revenues reached around ₹112 crore, with broad-based wins across customer segments.