Critical Power Order Book
₹1,400 Cr
+100% YoY
Robust order book executable over 24-30 months, driven by telecom capex cycle.
EXICOMTELESYSTEMS
Information Technology
10 Feb 2026
Exicom Tele-Systems Ltd — Q3 FY26
Exicom delivered a strong Q3 FY26 with standalone revenue of ₹233 crore, up 58% YoY, driven by a 104% surge in critical power revenues from Bharat Net and large telecom orders.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Exicom delivered a strong Q3 FY26 with standalone revenue of ₹233 crore, up 58% YoY, driven by a 104% surge in critical power revenues from Bharat Net and large telecom orders. EBITDA stood at ₹16.1 crore, while PAT was ₹3.5 crore. The critical power order book is robust at ₹1,400 crore, executable over 24 months. EV charging grew 4% YoY to ₹70 crore. The key highlight is Tridium's turnaround: Q4 FY26 revenue is estimated at $10 million (2.4x Q3), with a $30 million order from a Fortune 50 customer. Management targets Tridium EBITDA breakeven by Q4 FY27. Risks include Tridium's cash burn and margin pressure from product mix shift toward batteries.
Key Numbers
Tridium Q4 FY26 Revenue Estimate
$10M
+140% QoQ
First double-digit million dollar quarter since acquisition, marking growth phase entry.
Tridium Large Customer Order
$30M
New
Firm PO and forecast from Fortune 50 US customer for high-speed DC chargers.
Export Revenue Share Target
20%
+10pp YoY
Target for FY27, up from 10% currently, focusing on Africa and SE Asia.
Management Guidance
Critical Power Revenue Target ~₹1,000 Cr for FY27
Management targets critical power business to become close to ₹1,000 crore in FY27, driven by telecom capex cycle.
Management guidance revenueTridium EBITDA Breakeven by Q4 FY27
Management expects Tridium to achieve EBITDA breakeven in the later part of FY27 (Q4).
Management guidance marginsTridium Q4 FY26 Revenue ~$10M
Q4 FY26 revenue estimated at $10 million, a 2.4x increase over Q3 FY26.
Management guidance revenueExport Revenue to Reach 20% of Sales in FY27
Exports targeted to grow from 10% to 20% of sales in FY27, driven by Africa and SE Asia.
Management guidance growthKey Risks
Tridium Cash Burn and Funding Needs
Tridium's high cost structure continues to weigh on consolidated profitability; $10M equity infusion secured but further dilution possible.
high · management_commentaryMargin Pressure from Product Mix Shift
Higher battery sales in critical power are compressing gross margins; EBITDA margin dipped sequentially due to mix.
medium · data_observationTriplex Ramp-Up Uncertainty
Triplex production starts March 2026 but revenue contribution is uncertain; management declined to provide specific order backlog.
medium · analyst_questionNotable Quotes
We feel that stabilization phase of Tridium is over now. We have spent 15 months a lot of funds to stabilize and now we are entering into what we call as the growth phase.
Our goal is not to just be active in the domestic market... it's important to diversify markets and grow into exports.
We are not playing in the utility scale or distribution transmission scale but have products for commercial industrial category.
Frequently Asked Questions
What was Exicom Tele-Systems's revenue in Q3 FY26?
Exicom Tele-Systems reported revenue of ₹277 Cr in Q3 FY26, representing a +58% change compared to the same quarter last year.
What guidance did Exicom Tele-Systems management give for FY27?
Critical Power Revenue Target ~₹1,000 Cr for FY27: Management targets critical power business to become close to ₹1,000 crore in FY27, driven by telecom capex cycle. Tridium EBITDA Breakeven by Q4 FY27: Management expects Tridium to achieve EBITDA breakeven in the later part of FY27 (Q4). Tridium Q4 FY26 Revenue ~$10M: Q4 FY26 revenue estimated at $10 million, a 2.4x increase over Q3 FY26. Export Revenue to Reach 20% of Sales in FY27: Exports targeted to grow from 10% to 20% of sales in FY27, driven by Africa and SE Asia.
What are the key risks for Exicom Tele-Systems in FY27?
Key risks include Tridium Cash Burn and Funding Needs — Tridium's high cost structure continues to weigh on consolidated profitability; $10M equity infusion secured but further dilution possible.; Margin Pressure from Product Mix Shift — Higher battery sales in critical power are compressing gross margins; EBITDA margin dipped sequentially due to mix.; Triplex Ramp-Up Uncertainty — Triplex production starts March 2026 but revenue contribution is uncertain; management declined to provide specific order backlog..
Did Exicom Tele-Systems meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Exicom Tele-Systems Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.