Electric Utilities company Exicom Tele-Systems announced Q3FY25 results Consolidated revenues grew 28% QoQ to ~Rs 197 crore but continued to trail on YoY basis. Gross margins experienced a slight dip of 2.8% compared to the previous quarter. The company’s YoY units and sales in India grew by ~77% and ~38% respectively, significantly outpacing the industry’s ~23% growth in four-wheeler EV unit sales. Exicom’s consolidated EVSE revenue grew by an impressive ~120% YoY on the back of sales momentum in the US and Europe. The market outlook remains strong, as evidenced by the unveiling of 26 new EV models at the Bharat Mobility Global Expo in Jan 2025. Exicom also achieved record-breaking home (AC) charger sales, further strengthening its leadership in the sector. Exicom’s total installed EV charger base has now surpassed 1.73 lakh units worldwide. Anant Nahata, Managing Director, Exicom, said: “The world today needs both fast build of digital communication infrastructure and radical energy transition towards green mobility. Both of our core businesses – Critical Power and EV Charging are addressing these key shifts with a strong focus on R&D; and technology innovation. Our partnerships with leading infrastructure players for power management and energy storage solutions are providing the much-needed energy stability for digital networks which are core to India’s success on digital infrastructure. At the same time, our high quality and reliable charging solutions are helping accelerate EV adoption in India and across the world. As we move forward, we will be keenly focused on scaling our global ambitions for the EVSE business and work towards becoming one of the top 5 DC fast charging players in the key markets of North America and Europe.” Result PDF