During Monday’s trading session, the shares of one of India’s leading EV charging and critical power solutions manufacturers surged nearly 2.6 percent to Rs. 250.4 on BSE, after announcing partnering with ChargeZone to develop high-power EV Charging Stations across India.
With a market cap of Rs. 2,899.2 crores, at 02:23 p.m., the shares of Exicom Tele-Systems Limited were trading in the red at Rs. 239.95, down by nearly 1.7 percent, as against its previous closing price of Rs. 244.1.
What’s the news
According to the latest regulatory filings with the stock exchanges, Exicom Tele-Systems Limited has partnered with ChargeZone to develop and deploy over 500 advanced, high-power EV charging stations, including those integrated with renewable energy.
This partnership aligns with the government’s goal of strengthening EV infrastructure to accelerate the transition to emission-free mobility in India.
As a part of the collaboration, Exicom will develop and supply ultra-high-power charging solutions that will be deployed by ChargeZone at its new hubs and public charging locations.
By leveraging its expertise in design-led manufacturing capability and homegrown software stack for remote management of EV chargers, Exicom will develop solutions that boost the reliability of high-power charging, helping ChargeZone minimize range anxiety for its users.
About the Partner Entity
ChargeZone is one of India’s fastest-growing companies with a fully integrated technology ecosystem that combines software, hardware, and renewable energy capabilities. The company has launched a network of over 1,500 charging stations with more than 2,700 charge points.
The brand has made a leap in its ecosystem and thereby created a playbook of Fleet Electrification (B2B) and Inter-City Retail EV Charging (B2C).
Through a focus on accessibility, community empowerment, and sustainable practices, ChargeZone is committed to creating a cleaner, greener future for all.
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Financials
Exicom reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 19.3 percent, falling from Rs. 190 crores in Q2 FY24 to Rs. 153.4 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit decreased from a profit of Rs. 18.2 crores to a loss of Rs. 17 crores.
Stock Performance
The stock has delivered positive returns of nearly 7 percent in one year, while around 49 percent of negative returns in the last six months. Likewise, the shares of Exicom have given negative returns of about 5 percent in the last one month.
About the company
Established in 1994, Exicom Tele-Systems Limited is engaged in the business of providing efficient and reliable Power Electronics Solutions for global Telecom, IT, and other related industries, along with manufacturing of EV chargers and lithium-ion batteries for EVs.
Written by Shivani Singh
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