Latest news with #ExicomTele-Systems
Business Standard
6 days ago
- Business
- Business Standard
Exicom Tele-Systems reports consolidated net loss of Rs 83.14 crore in the June 2025 quarter
Sales decline 18.55% to Rs 205.32 crore Net loss of Exicom Tele-Systems reported to Rs 83.14 crore in the quarter ended June 2025 as against net profit of Rs 18.24 crore during the previous quarter ended June 2024. Sales declined 18.55% to Rs 205.32 crore in the quarter ended June 2025 as against Rs 252.08 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 205.32252.08 -19 OPM % -18.799.85 - PBDT -46.0028.95 PL PBT -70.8323.93 PL NP -83.1418.24 PL
Business Standard
25-06-2025
- Automotive
- Business Standard
Exicom Tele-Systems jumps on fundraise plan, loan-to-equity conversion in EV subsidiary
Exicom Tele-Systems surged 12% to Rs 204 after the company announced key decisions from its board meeting aimed at strengthening its balance sheet and supporting growth in the electric vehicle (EV) segment. In a regulatory filing, the company said its board has approved a rights issue of up to Rs 260 crore, offering equity shares to eligible shareholders on a record date to be announced later. Detailed terms including issue price, entitlement ratio, and timing will be finalised by a committee. The board constituted a rights issue committee comprising Himanshu Baid, Anant Nahata, and Vivekanand Kumar to oversee the fundraising process. Additionally, the board approved the conversion of an unsecured loan of approximately Rs 283.20 crore, including accrued interest, into equity shares of its wholly owned subsidiary, Exicom Power Solutions B.V., Netherlands. The move is intended to reduce interest outflows, ease working capital pressure, and enhance liquidity at the subsidiary, which operates in the EV sector. The conversion will be executed in tranches and complies with applicable laws, including the Foreign Exchange Management Act. There is no fresh cash outflow, as the transaction involves a reclassification of an existing loan into equity. Exicom Power Solutions B.V., incorporated in January 2024, is engaged in the wholesale of electronic and communication equipment. The Dutch entity reported a turnover of Rs 2.55 lakh and a loss of Rs 16.38 crore for FY25, according to company disclosures. Exicom Tele-Systems is one of India's leading EV charging and critical power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC and DC charger segments. On a consolidated basis, Exicom Tele-Systems reported net loss of Rs 62.28 crore in Q4 March 2025 as against net profit of Rs 27.47 crore in Q4 March 2024. Net sales declined 11.76% year-on-year to Rs 265.52 crore in Q4 March 2025.
Business Upturn
25-06-2025
- Business
- Business Upturn
Exicom Tele-Systems to raise up to Rs 260 crore via Rights Issue
Exicom Tele-Systems has announced key decisions following its board meeting held on June 25, 2025. The board approved raising up to ₹260 crore through a rights issue of equity shares. The issue will be offered to existing shareholders, with the final terms—such as price, entitlement ratio, record date, and payment structure—to be decided by a newly formed Rights Issue Committee comprising three directors. In a parallel move, the company also approved converting an outstanding unsecured loan of approximately ₹283.20 crore, including interest, into equity shares in its wholly owned subsidiary, Exicom Power Solutions B.V., based in the Netherlands. This conversion is intended to ease interest-related cash outflows and improve the liquidity and working capital position of the subsidiary, which operates in the electric vehicles sector. The transaction will be carried out in tranches, subject to regulatory approvals under the Foreign Exchange Management Act. The shares in the Dutch entity will be issued at a par value of €1 per share. No fresh cash outflow is involved as the move reflects a reclassification of existing financial exposure from debt to equity. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
24-05-2025
- Business
- Business Standard
Exicom Tele-Systems reports consolidated net loss of Rs 62.28 crore in the March 2025 quarter
Sales decline 11.76% to Rs 265.52 crore Net loss of Exicom Tele-Systems reported to Rs 62.28 crore in the quarter ended March 2025 as against net profit of Rs 27.47 crore during the previous quarter ended March 2024. Sales declined 11.76% to Rs 265.52 crore in the quarter ended March 2025 as against Rs 300.90 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 110.03 crore in the year ended March 2025 as against net profit of Rs 63.92 crore during the previous year ended March 2024. Sales declined 14.91% to Rs 867.61 crore in the year ended March 2025 as against Rs 1019.60 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 265.52300.90 -12 867.611019.60 -15 OPM % -6.1913.20 - -4.3110.99 - PBDT -27.9340.45 PL -49.37111.76 PL PBT -61.3935.13 PL -105.2793.21 PL NP -62.2827.47 PL -110.0363.92 PL
