Exicom Tele-Systems Ltd , incorporated in 1994 and manufacturing EV chargers and critical power components, reported significant revenue growth for Q2FY26 but also wider consolidated net losses.
Financial Highlights:
- Revenues soared 84.31% year-on-year to ₹282 crore from ₹153 crore.
- Total expenses rose 92.39% to ₹354 crore from ₹184 crore.
- Consolidated net loss widened to ₹69 crore from ₹17 crore.
- Earnings per share declined to a loss of ₹4.95 from a loss of ₹1.23.
Despite top-line growth driven by increased sales volumes and market demand, rising expenses and operational costs led to a deeper net loss.
Outlook:
Exicom Tele-Systems Ltd aims to streamline costs, enhance operational efficiencies, and scale its EV charging and critical power business to move toward profitability.
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