Throughout Monday’s buying and selling session, the shares of one among India’s main EV charging and significant energy options producers surged almost 2.6 p.c to Rs. 250.4 on BSE, after asserting partnering with ChargeZone to develop high-power EV Charging Stations throughout India.
With a market cap of Rs. 2,899.2 crores, at 02:23 p.m., the shares of Exicom Tele-Programs Restricted have been buying and selling within the purple at Rs. 239.95, down by almost 1.7 p.c, as towards its earlier closing value of Rs. 244.1.
What’s the information
In line with the most recent regulatory filings with the inventory exchanges, Exicom Tele-Programs Restricted has partnered with ChargeZone to develop and deploy over 500 superior, high-power EV charging stations, together with these built-in with renewable power.
This partnership aligns with the federal government’s objective of strengthening EV infrastructure to speed up the transition to emission-free mobility in India.
As part of the collaboration, Exicom will develop and provide ultra-high-power charging options that will probably be deployed by ChargeZone at its new hubs and public charging places.
By leveraging its experience in design-led manufacturing functionality and homegrown software program stack for distant administration of EV chargers, Exicom will develop options that increase the reliability of high-power charging, serving to ChargeZone reduce vary anxiousness for its customers.
Concerning the Associate Entity
ChargeZone is one among India’s fastest-growing corporations with a completely built-in expertise ecosystem that mixes software program, {hardware}, and renewable power capabilities. The corporate has launched a community of over 1,500 charging stations with greater than 2,700 cost factors.
The model has made a leap in its ecosystem and thereby created a playbook of Fleet Electrification (B2B) and Inter-Metropolis Retail EV Charging (B2C).
By means of a concentrate on accessibility, neighborhood empowerment, and sustainable practices, ChargeZone is dedicated to making a cleaner, greener future for all.
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Financials
Exicom reported a decline in income from operations, experiencing a year-on-year lower of almost 19.3 p.c, falling from Rs. 190 crores in Q2 FY24 to Rs. 153.4 crores in Q2 FY25.
Equally, throughout the identical interval, the corporate’s internet revenue decreased from a revenue of Rs. 18.2 crores to a lack of Rs. 17 crores.
Inventory Efficiency
The inventory has delivered optimistic returns of almost 7 p.c in a single yr, whereas round 49 p.c of unfavourable returns within the final six months. Likewise, the shares of Exicom have given unfavourable returns of about 5 p.c within the final one month.
Concerning the firm
Established in 1994, Exicom Tele-Programs Restricted is engaged within the enterprise of offering environment friendly and dependable Energy Electronics Options for world Telecom, IT, and different associated industries, together with manufacturing of EV chargers and lithium-ion batteries for EVs.
Written by Shivani Singh
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