Olectra Greentech files FY26 sustainability report with stock exchanges
- Electric vehicles contributed 85.69% of turnover in FY26
- Total workforce includes 427 employees and 1,403 workers
- GHG emissions rose to 5,991 tCO2e from 3,613 tCO2e in FY25
- Emission intensity per EV dropped to 1.434 tCO2e from 7.003 tCO2e
- Company faces ₹2.58 crore penalty for facility construction delay
*this image is generated using AI for illustrative purposes only.
Hyderabad-based electric vehicle manufacturer Olectra Greentech has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and National Stock Exchange. The filing, dated August 31, 2026, outlines the company’s operational footprint, employee demographics, and environmental performance metrics for the financial year ending March 31, 2026.
The report discloses that electric vehicles accounted for 85.69% of the company's turnover, while power insulators contributed the remaining 14.31%. Exports constituted 5.28% of total turnover, with shipments reaching the United States, Malawi, and Mozambique.
Workforce and Governance
As of the end of FY26, Olectra employed 427 permanent employees and engaged 1,403 workers. The workforce was predominantly male, with men comprising 96% of employees and 91% of workers. Female representation stood at 4% among employees and 9% among workers.
The company reported a permanent employee turnover rate of 52% for FY26, an increase from 37.9% in FY25. Conversely, there were no permanent workers during the reporting period, resulting in a 0% turnover rate for this category.
Environmental Metrics
Total energy consumption rose to 29,681 GJ in FY26 from 19,041 GJ in FY25. All consumed energy was sourced from non-renewable sources. Water withdrawal increased significantly to 104,251 kilolitres, up from 14,290 kilolitres in the previous year.
Greenhouse gas emissions also saw a notable increase:
| Metric | FY26 | FY25 |
|---|---|---|
| Scope 1 Emissions | 185.36 tCO2e | 17.98 tCO2e |
| Scope 2 Emissions | 5,805.7 tCO2e | 3,595.00 tCO2e |
| Total Emissions | 5,991.06 tCO2e | 3,612.98 tCO2e |
What the Numbers Show
A significant divergence exists between the absolute rise in emissions and the improvement in efficiency per unit produced. While total Scope 1 and Scope 2 emissions jumped by over 65% year-on-year, the emission intensity per electric vehicle manufactured fell sharply from 7.003 tCO2e in FY25 to 1.434 tCO2e in FY26. This suggests a substantial increase in production volume outpaced the growth in energy consumption and associated carbon output.
Regulatory Disclosures
Under Principle 1 disclosures, the company noted a penalty demand of ₹2.58 crore from the Telangana Industrial Infrastructure Corporation Limited. The penalty relates to delays in completing the construction of its Greenfield EV Manufacturing Facility in Hyderabad. No appeal has been preferred against this demand.
Historical Stock Returns for Olectra Greentech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.71% | -3.16% | -2.74% | +28.04% | -14.97% | 0.0% |
How might the 52% permanent employee turnover rate impact Olectra's ability to scale production and maintain quality control in upcoming fiscal years?
What specific strategies is Olectra implementing to transition its energy consumption from 100% non-renewable sources to renewable alternatives to align with its EV sustainability goals?
Will the ₹2.58 crore penalty and construction delays at the Greenfield facility affect the projected timeline for increased manufacturing capacity and market delivery schedules?
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