Exicom Reports Q1 Results, Focused on EV Growth and Strategy

“We recognize that this quarter’s performance has not met expectations, but it also does not reflect the full potential of the company or the strength of our pipeline. We are seeing visible momentum and clear signs of progress. In India, the steady rise in EV sales points to a stronger outlook for our charging business, and with Bharat Net deliveries now underway, we expect increased revenue contributions from Q2 onwards. Tritium has been a strategic investment for us to build global presence and revenue streams. Although the business is taking longer to turn around, there are positive lead indicators including growing customer confidence in its new portfolio.”

“Although this quarter was not up to the mark, we remain confident on our efforts and growth trajectory. Strong industry tailwinds, a differentiated EVSE portfolio, and solid operational momentum in our telecom and critical power businesses position us strongly for what we expect to be a strong year for EVSE and a promising year for critical power. As a team, we are fully engaged and working with intent to deliver on the guidance shared in Q4 FY25. While we know there is work ahead, we believe we have the right foundations to achieve it. The strong shareholder support in our recent rights issue is an encouraging vote of confidence in our direction.”