Exicom Tele-Systems Q2 Revenue Climbs 30% as Losses Narrow

Revenue grew to Rs 366.35 crore, with consolidated net loss shrinking to Rs 56.78 crore.

Reader Takeaway: Strong revenue expansion drives bottom-line improvement, though international consolidation costs and restructuring remain a drag on margins.

What just happened

Exicom Tele-Systems has released its financial results for the quarter ended September 30, 2026. The company demonstrated significant top-line momentum, reporting consolidated revenue of Rs 366.35 crore, up from Rs 281.73 crore in the same period last year. On a consolidated basis, the firm reported a net loss of Rs 56.78 crore, an improvement over the Rs 68.81 crore loss recorded in the corresponding quarter of 2025. Notably, the company’s standalone operations yielded a profit of Rs 7.80 crore for the quarter.

Why this matters

The narrowed losses suggest that the company's business model is scaling, even as it continues to invest in global markets. The results include data from eight international subsidiaries, indicating a heavy push into overseas territories that currently influence consolidated margins. Investors are watching to see how quickly these international operations can transition to profitability.

The backstory

The company is currently undergoing an organizational restructuring plan to streamline operations. This has involved specific one-time costs, including employee redundancy payments and bonus payouts, categorized as an exceptional item of Rs 0.59 crore for the half-year period.

Risks to watch

While top-line growth is robust, the consolidated loss remains a primary concern for investors. The impact of high operating expenses across various international subsidiaries—spanning Singapore, Netherlands, USA, and others—will be critical to monitor in coming quarters to ensure the company reaches breakeven.

Governance

The financial results were reviewed by the Audit Committee and approved by the board on November 4, 2026. M/s Khandelwal Jain & Co. provided an unmodified limited review report, indicating no major accounting red flags in the reported numbers.