Why Did Exicom Shares Plunge 10% After Q3?

Exicom Tele-Systems shares dropped 10% to Rs 219.70 after reporting a net loss of Rs 49 crore in Q3FY25. This shift follows a net profit of Rs 8.99 crore in Q3FY24. Revenue fell by 25% year-on-year to Rs 196.63 crore, reflecting challenges in the company’s core sectors.

While the EV charger segment showed growth, the critical power segment saw a decline. The company announced the closure of its subsidiary, Exicom NexGen Power B.V., adding to the negative sentiment around the stock.

The stock price decline has further worsened the situation for investors, as the stock is now down 59% from its all-time high.

Investors and market analysts are closely watching Exicom’s strategies to navigate these challenges and stabilize its financial performance.