Exicom Tele-Systems Limited announced the release of its revised Investors’ Presentation concerning the audited financial results for Q4 and the financial year ended March 31, 2025.
The presentation was discussed during an investor call on May 24, 2025, at 12:00 p.m. (IST).
Key highlights from the presentation include:
EV Charger Business:
Domestic business similar to Q4’24, with a de-growth of -17% compared to Q3’25 due to tough competitive intensity.
Expect improved market share in FY’26 with new Gen 2.0 DC charger launch and focus on product quality and service.
Critical Power Business:
33% de-growth compared to Q4’FY24 but 88% growth compared to Q3’FY25. Quarterly revenue volatility due to project timing.
Expect Bharat Net business to start from Q2’FY26.
Open order book > ₹ 1,500 Cr.
Tritium EV Charging Business:
Strategic investments are expected to convert to sales with a positive outlook.
New Distributed charging platform Tri-Flex launched in Apr’26 at ACT Expo in California, USA.
Advanced stage conversations for multi million dollar contracts in US and Europe with Tier-I network operators.
Financial Performance (Consolidated):
Revenue exhibited de-growth of 14.9% from last year.
Critical Power segment de-grew by 26.5%.
EVSE segment grew by 22.1% due to incremental revenue from Tritium.
Gross margin improved by 4.4% due to change in mix +2.8% increase in margins of EVSE business +1.6%.
Increase in cost decreased EBITDA YoY by ₹ 147.7 Cr, primarily due to incremental fixed costs for Tritium.
Net loss of ₹ 110 Cr.
Key Developments in Critical Power Business in Q4’FY25:
Frame agreement with large African Telco signed for DC Hybrid Systems, Li-ion Batteries
First orders from Philippines, Mynmaar received – to be converter to series supply
Serving biggest tower Co. in Saudi Arabia
Added 3 new IP companies as customers, >$1Mn orders received from Indian Telco
New Launches: 1.8kW AC-DC converter for small cell applications & Solution for Bharat Net Project – 50Ah Li-ion battery, Hybrid UPS and Smart rack.
Key Developments in EV Charger Business in Q4’FY25 (India):
New Launches: 3.3kW Portable Charger (Launched in Mar’25) & Battery Storage Powered EV Charger for CPOs / Bus Fleet Segment (Mar’25) & Gen 2.0 DC Charger (launched on 21st May’25)
New Business: Inducted 11 New CPOs & Added 4 New OEMs (3 for 3.3kW Portable charger, 2 for 7.2kW AC Charger and 1 for DC Chargers)
New Markets: First time export of New Chargers (AC) – Australia; New Distributor in Brazil (Landis) & Exploring more opportunities in SEA, Brazil and Europe
The company faced challenges in the execution of its Hyderabad plant due to terrain unevenness, unforeseen geological challenges, and road collapses due to heavy rainfall.