This EV infra company unveils India’s fastest DC charger, engineered to streamline the EV charging experience, stock rallied around 10 per cent today!
The company's shares have delivered an impressive return of around 100 percent to their shareholders within just three months compared to its final IPO issue price.
Exicom Tele-Systems Limited, a prominent provider of electric vehicle (EV) charging and Critical Power solutions in India, has unveiled the country's swiftest DC Chargers, boasting speeds of up to 400kW. The newly introduced Harmony Gen 1.5 DC Fast Chargers come equipped with a suite of cutting-edge features, including an advanced AI-driven remote management system, exceptional operational efficiency, integrated ambient lighting, and various amenities aimed at enhancing the charging experience for customers, a concern often overlooked, particularly for first-time users. The Harmony G1.5 is offered in three different frame sizes, and its modular design allows for power outputs ranging from 60 kW to 400 kW.
Crafted from Premium steel, Exicom's Harmony Gen 1.5 DC Fast Chargers ensure lasting durability for owners. Additionally, these chargers feature a credit card payment terminal tailored for international markets, enhancing convenience and accessibility for users worldwide.
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Financial Performance of Exicom
As per the Quarterly Results in Q3 FY24 Exicom reported revenue of Rs 263.65 crore, representing a year-on-year growth of 80 per cent from Rs 146.07 crore same quarter last year. The company posted an operating profit of Rs 31.03 crore, compared to a profit of Rs 15.59 crore same quarter last year. The company’s net profit stood at Rs 8.99 crore in the Q3 FY24.
Share Performance of Exicom
On Tuesday, the company's stock closed at around Rs 281 per share, with a market capitalisation of Rs 3395 crore. Additionally, the stock has delivered a return of around 98 per cent compared to its IPO final issue price of Rs 142 per share in just three months. However, it has a great potential to deliver multibagger returns in the future.
Business Overview of Exicom
Exicom, renowned for its critical power solutions and EV charging infrastructure, is leading India's shift towards sustainable transportation while ensuring the seamless operation of vital infrastructure. Leveraging extensive expertise across its divisions, Exicom's critical power solutions form the cornerstone of communication networks, delivering uninterrupted power supplies vital for telecom infrastructure.
As a prominent player in India's dynamic EV charging sector, Exicom pioneers innovative charging solutions tailored for diverse settings, including homes, workplaces, and public areas. Celebrated for their robustness and dependability, its chargers perform exceptionally well across various environmental conditions, facilitating the widespread adoption of clean transportation. With a presence spanning India, Southeast Asia, Europe, and the Middle East, and an installation base exceeding 70,000 chargers, it stands at the forefront of shaping the global EV charging landscape.
Investors must keep this small-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.