EV stock engaged in designing, manufacturing, and servicing DC Power systems and Li-ion-based energy storage solutions jumped upto 9 percent in the day’s trade following the launch of its new DC Fast Charger.
With a market capitalization of Rs. 3,345 Crores, the shares of Exicom Tele-Systems Limited were trading at Rs. 276.05, up 8.28 percent from its previous day’s close price of Rs. 254.95.
Exicom Tele-Systems Limited has announced the launch of India’s fastest DC Chargers up to 400kW named Harmony Gen 1.5 DC Fast Charger. It is bundled with a range of advanced features including an advanced AI-driven remote management system, high operational efficiency, integrated ambient lighting, and many other features focusing on improving customer charging experience.
These upgraded Harmony chargers boast a smaller footprint in the industry making it easy and cheaper to install. It has an efficiency rating exceeding 95 percent and its modular construction enables power outputs from 60 kW to 400 kW, it is suitable for a broad spectrum of EVs from lightweight cars to heavy-duty buses along with an Autocharge function available for a seamless charging experience.
Looking forward to this launch, Anant Nahata, CEO, Exicom stated, “Our commitment to building exceptional products and driving tech innovation stems from our dedication to solving real customer problems. As we continue to offer these innovations in India and drive our international expansion, our primary focus remains on creating a seamless, frictionless experience for users and infrastructure owners alike.
This forward-thinking approach ensures that we not only address the core needs of all vehicle categories but also pave the way for a greener transportation ecosystem. With over 4500 DC chargers successfully installed, we’re bridging the demand-supply gap and empowering EV drivers to confidently embrace electric mobility.”
Exicom Tele-Systems Limited is a power management solutions provider that designs, manufactures, and services DC Power systems and Li-ion-based energy storage solutions. It provides overall energy management solutions at telecommunication sites in India as well as overseas
In the critical power segment, it has a market share of 16 percent in the DC power Systems and 10 percent in the Li-ion Battery applications for the telecom sector market. The business spans India, Southeast Asia, and Africa. It has a market share of 60 percent and 25 percent in the residential and public charging segments
Its revenue from operations grew by 81 percent from Rs. 146.07 Crores in Q3FY23 to Rs. 263.65 Crores in Q3FY24, accompanied by profits of Rs. 6.47 Crores to Rs. 8.99 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
