Exhicon Bags Government & Global Contracts Drive Q1 Surge-Margins Strong, Debt Zero
By Shishta Dutta | Published at: Jul 2, 2025 01:24 PM IST
Mumbai, July 2, 2025 – Exhicon Events Media Solutions Ltd (BSE: 543895) has started Q1 FY26 with a string of big achievements, including winning important government and international contracts, increasing its capacity, and establishing a clean financial profile with no debt and strong profits.
The company is capitalising on that momentum after having a record fiscal year 25 (consolidated revenues climbed about 62% to ₹143.5 cr, EBITDA rose about 75% to ₹35.1 cr with a 24.5% margin, and PAT doubled to ₹30.3 cr) and becoming entirely debt-free by March 31, 2025.
Key Operational Highlights
Major Projects Secured
Exhicon got important contracts in the first quarter, namely a ₹20-35 crore LOI with India Exposition Mart (Greater Noida) and a major exposition project in Ladakh. The company is sticking to its 360° event solutions strategy by spending ₹50 crore on semi-permanent modular venues, large-span hangars, and rigging equipment. Exhicon is using its clean balance sheet to speed up both local and worldwide growth while keeping healthy margins and stakeholder confidence. This is possible because the company has a good return on equity (ROE) of around 26% and return on capital employed (ROCE) of about 34.5%, low interest expenses (less than 1% of income), and a sales CAGR of more than 64% over the past three years. As per the Q1 update, the company made significant strides in expanding its domestic project portfolio:
| Project | Description |
|---|---|
| Milipol India 2025 | Delivered end-to-end infrastructure and management for India’s premier Homeland Security event. |
| India Exposition Mart | Signed a 3-year construction and maintenance agreement for 22,000 sqm of exhibition halls. |
| 24th Global Conference of Actuaries & AGFA 2025 | Appointed as Lead Execution Partner, expanding its Government MICE portfolio. |
| EKTA Textile Expo, Ladakh | Awarded full management mandate by the Ministry of Textiles, boosting government engagement. |
Additionally, Exhicon partnered with Butterfly Funtainments Pvt. Ltd. to co-develop Messe Global Arena, Pune, the city’s first dedicated concert and live event venue.
International Expansion
The company strengthened its global footprint through:
| Initiative | Description |
|---|---|
| New Delhi IP Division | Joint venture with ANM Exhibitions Pvt. Ltd. to scale proprietary IP-led formats. |
| T6 Exhibitions Acquisition | Acquired “Best of India” IPs across 5 high-growth markets: Vietnam, Brazil, South Africa, Cambodia, and Russia. |
| European Engagements | Business development missions to Germany, France, Italy, and Switzerland. |
Media and Technology
- TradeFairTimes: Recorded sustained readership growth, reinforcing its dominance in the event industry media space.
- Event Tech: Continued investments in proprietary platforms for vendor consolidation and automation.
Capacity Enhancement Initiatives
- Booth Production: Scaled up to 500 prefabricated booths for rapid pan-India exhibition support.
- Messe Global Convention Centre – Pune: Phase 2 nearing completion with capacity for 10,000 indoor attendees.
- UHPL (Subsidiary): Acquired Eurocopter AS350B from Sweden for launching aerial services supporting religious tourism.
Strategic Outlook
The company remains focused on scaling its IP-led exhibitions, venue development, PPP-based MICE formats, and government-aligned strategies. Its long-term vision centers on deepening institutional partnerships and tapping international growth corridors.
Q1 FY26 Performance Summary
| Parameter | Remarks |
|---|---|
| Revenue Momentum | Strong top-line growth from FY25 sustained via robust execution and client wins. |
| Profit Margins | Remained healthy due to cost control and high-margin service mix. |
| Debt Profile | Maintained zero-debt status with strong cash flow and working capital efficiency. |
About the Company
Exhicon Events Media Solutions Ltd is a BSE-listed company (Scrip Code: 543895) specialising in exhibitions, media, and event infrastructure services. It has a growing domestic and global presence in event management, media publishing, and venue development, with a strategic focus on government and international mandates.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/30f63388-00a9-4c01-99dc-af6be985e3f8.pdf
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