EXICOMExicom Tele-Systems Ltd.
Exicom Tele-Systems Q2 FY27 Results: Consolidated Net Loss ₹56.78 Crore on Total Income of ₹393 Crore
- Earnings
- EV charging and power electronics
Reviewed byRachit TripathiBlacklitt Research
Exicom Tele-Systems (NSE: EXICOM) reported a consolidated net loss of ₹56.78 crore and total income of ₹393.01 crore for the quarter ended 30 Sep 2026, and a standalone net profit of ₹7.80 crore on total income of ₹283.63 crore, it said in a filing on 04 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹393.01 crore, up 37.0% YoY and 17.0% QoQ
- Net profit: Loss of ₹56.78 crore; loss attributable to owners of the parent ₹50.97 crore
- EPS: Basic loss of ₹3.66 per share
- Depreciation: ₹42.99 crore, up 58.9% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹283.63 crore, up 20.4% YoY and 16.2% QoQ
- Net profit: ₹7.80 crore, up 31.8% YoY and 58.5% QoQ
- EPS: Basic ₹0.56 per share, not annualised
- Finance costs: ₹11.17 crore, up 2.3% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 393.01 | 286.96 | +37.0% | 336.00 | +17.0% | |
| Revenue from operations | 388.34 | 281.73 | +37.8% | 331.07 | +17.3% |
| Other income | 4.67 | 5.23 | -10.7% | 4.93 | -5.3% |
| -56.78 | -68.81 | +17.5% | -73.57 | +22.8% | |
| Finance costs | 17.16 | 13.26 | +29.4% | 16.21 | +5.9% |
| Depreciation | 42.99 | 27.05 | +58.9% | 38.86 | +10.6% |
| Tax expense | 2.47 | -1.13 | n/a | 1.54 | +60.4% |
| Net profit margin | -14.45% | -23.98% | +9.53 pp | -21.90% | +7.45 pp |
| EPS, basic (₹) | -3.66 | n/a | n/a | n/a | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 37.0% YoY, while net profit rose 17.5%, so the loss narrowed more slowly than income grew.
Depreciation rose 58.9% YoY to ₹42.99 crore and finance costs rose 29.4% to ₹17.16 crore. Together they are larger than the other income line by a wide margin, and the consolidated loss is wider than the standalone profit by ₹64.58 crore. The statement's notes list eight subsidiaries reviewed by other auditors, and the notes say Exicom Power Solutions B.V. ceased to be a wholly-owned subsidiary from 22 Apr 2026; the filing does not say what that changed in the consolidated figures.
The consolidated loss attributable to owners of the parent was ₹50.97 crore, against a total loss of ₹56.78 crore, so the balance sits with non-controlling interests. The filing does not give a reason for the loss. The notes record ₹59.07 lakh of one-time employee-related payments at one subsidiary, disclosed as exceptional items for the half year.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 283.63 | 235.58 | +20.4% | 244.10 | +16.2% | |
| Revenue from operations | 276.98 | 228.38 | +21.3% | 236.83 | +17.0% |
| Other income | 6.65 | 7.20 | -7.6% | 7.27 | -8.5% |
| 7.80 | 5.92 | +31.8% | 4.92 | +58.5% | |
| Finance costs | 11.17 | 10.92 | +2.3% | 11.41 | -2.1% |
| Depreciation | 10.77 | 6.67 | +61.5% | 10.33 | +4.3% |
| Tax expense | 2.53 | -1.13 | n/a | 1.49 | +69.8% |
| Net profit margin | 2.75% | 2.51% | +0.24 pp | 2.02% | +0.73 pp |
| Tax as share of profit before tax | 24.5% | n/a | n/a | 23.2% | +1.27 pp |
| EPS, basic (₹) | 0.56 | 0.46 | +21.7% | 0.35 | +60.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 31.8% YoY to ₹7.80 crore, faster than total income, which rose 20.4%.
Depreciation rose 61.5% YoY to ₹10.77 crore, while finance costs rose only 2.3% to ₹11.17 crore. Tax of ₹2.53 crore is 24.5% of profit before tax of ₹10.32 crore, against 23.2% in the previous quarter. Other income of ₹6.65 crore is 64.4% of profit before tax.
The consolidated loss and the standalone profit point in different directions. The company's segments are Critical Power and EV Charger.
Inference
The filing states that the Board approved the results on 4 Nov 2026 and that Khandelwal Jain & Co. issued limited review reports with no modification of the conclusion. The consolidated review report notes that eight subsidiaries were reviewed by other auditors.
Market value is ₹1,997 crore at the 04 Nov 2026 close of ₹143.57 a share. The filing does not say why the consolidated loss arose or what the restructuring of Exicom Power Solutions B.V. means for future results.
Filed with BSE on . Reference: Original filing (PDF)
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