Olectra Greentech FY26 net profit rises 29% to ₹1,795.3M

Olectra Greentech Limited reported a 29% increase in net profit for the financial year ended March 31, 2026, reaching ₹1,795.3M compared to ₹1,392.1M in the previous year. Revenue from operations for FY26 grew by 28% to ₹23.12B, driven by strong performance across its Energy and Mobility divisions. The Board of Directors has recommended a final dividend of 15%, or ₹0.60 per equity share, subject to shareholder approval.

FY26 Financial Performance

The company's Profit After Tax (PAT) for the year stood at ₹1,795.3M, while revenue reached ₹23,121.7M. Adjusted EBITDA for the year was ₹3,522.8M, with a margin of 15.2%. The Return on Capital Employed (ROCE) improved to 21.1% in FY26 from 19.2% in FY25. The Energy Division revenue surged 80.7% to ₹3,254.4M, while the Mobility Division revenue increased 22.5% to ₹19,867.2M.

Metric	FY25	FY26	% Change
Revenue	₹18,019.0M	₹23,121.7M	28.3%
PAT	₹1,392.1M	₹1,795.3M	29.0%
Adjusted EBITDA	₹2,763.2M	₹3,522.8M	27.5%
ROCE	19.2%	21.1%	-

Segmental Performance

For the quarter ended March 31, 2026, consolidated net profit rose to ₹555.11M from ₹210.02M in the same period last year. Revenue for Q4 FY26 increased to ₹6.45B from ₹4.49B year-on-year. The EBITDA for the quarter stood at ₹996M versus ₹565M in the corresponding quarter of the previous year, with the margin expanding to 15.45% from 12.60%.

Dividend and Conference Call

The Board recommended a final dividend of 15% per equity share in its meeting on May 29, 2026. The dividend will be paid within thirty days from the conclusion of the Annual General Meeting. Olectra Greentech held a conference call on June 1, 2026, to discuss the audited financial results for FY26. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company has uploaded the transcript of the conference call on its website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.57%	+17.51%	+23.62%	+24.65%	+29.54%	+603.20%

Olectra Greentech has laid out a comprehensive growth strategy for FY27, anchored by the launch of two new vehicle platforms, a robust order pipeline under the government's PM e-Drive initiative, and significant capacity investments. The company's plans span its electric vehicle business as well as its Insulator Division, signaling a broad-based push for expansion.

New Vehicle Platforms Slated for FY27

Olectra Greentech is set to introduce a new bus platform in Q3 FY27, followed by the launch of its own truck platform in Q4 FY27. The bus platform launch is directly tied to the company's existing order book, with 1,085 orders for next-generation buses already secured under PM e-Drive requirements. The truck platform marks Olectra's entry into a new vehicle segment with a proprietary offering, broadening its electric mobility portfolio.

The following table summarizes the key platform launch details:

Parameter:	Details
New Bus Platform Launch:	Q3 FY27
New Truck Platform Launch:	Q4 FY27
Next-Gen Bus Orders (PM e-Drive):	1,085 orders
Planned Capital Expenditure:	Around ₹400 Crores over two years

Production Targets and Margin Outlook

Olectra Greentech aims to produce approximately 2,500 vehicles in FY27, with the company expecting quarter-on-quarter delivery growth throughout the year. On the profitability front, the company forecasts EBITDA margins in the range of 12% to 15% in the short term. As volumes scale up, margins are expected to stabilize at 10% to 12%.

Key operational and financial targets are outlined below:

Metric:	Guidance
FY27 Vehicle Production Target:	~2,500 vehicles
Short-Term EBITDA Margin Forecast:	12% to 15%
Stabilized EBITDA Margin (Higher Volumes):	10% to 12%
Delivery Trend:	Quarter-on-quarter growth expected

Insulator Division and Capital Investment Plans

Beyond its electric vehicle segment, Olectra Greentech's Insulator Division is expected to record over 50% revenue growth in FY27. This growth is anticipated to be driven by a small investment aimed at boosting molding capacity within the division. The Insulator Division's projected performance adds another dimension to the company's overall growth narrative for the fiscal year.

To fund its expansion initiatives—including the new bus and truck platforms—Olectra plans to spend around ₹400 crores over the next two years. This capital allocation underscores the company's commitment to scaling both its EV product lineup and supporting manufacturing infrastructure.

Summary of Key Highlights

Bus Platform: New platform launch scheduled for Q3 FY27, backed by 1,085 PM e-Drive orders
Truck Platform: Proprietary truck platform to be launched in Q4 FY27
Production Target: Approximately 2,500 vehicles in FY27 with sequential delivery growth
EBITDA Margins: Forecast at 12% to 15% short-term, stabilizing at 10% to 12% with volume scale-up
Insulator Division: Over 50% revenue growth expected in FY27 on capacity enhancement
Capex Plan: Around ₹400 crores earmarked for expansion over the next two years