Olectra Greentech Limited, a leading manufacturer of electric vehicles and composite polymer insulators, has reported robust financial results for the first quarter. The company's performance showcases strong growth across key metrics, with its e-vehicle division driving the overall success.

Standalone Financial Highlights

Consolidated Performance

The company's consolidated results mirrored the standalone performance:

Segment-wise Performance

Olectra Greentech operates in two main segments:

1. E-vehicle Division:

   • Generated ₹282.62 crores in standalone revenue
   • Reported a profit before tax and interest of ₹22.98 crores

2. Insulator Division:

   • Contributed ₹54.98 crores in revenue
   • Achieved a profit before tax and interest of ₹18.19 crores

The e-vehicle division emerged as the primary growth driver, accounting for approximately 83.70% of the total standalone revenue.

Management Commentary

P. Rajesh Reddy, Whole Time Director of Olectra Greentech Limited, stated, "Our Q1 results demonstrate the continued strength of our business model and the growing demand for electric vehicles in India. The e-vehicle division's performance is particularly encouraging, reflecting the increasing adoption of sustainable transportation solutions."

Future Outlook

With the electric vehicle market in India showing strong growth potential, Olectra Greentech is well-positioned to capitalize on this trend. The company's focus on manufacturing e-buses and e-trucks aligns with the government's push for cleaner public transportation and logistics solutions.

As Olectra Greentech continues to expand its product portfolio and strengthen its market presence, investors and industry observers will be keenly watching the company's performance in the coming quarters.

Note: The financial results discussed in this article are for the quarter ended June 30, as reported by Olectra Greentech Limited.

Olectra Greentech Limited , a prominent player in the electric vehicle sector, has recently made a strategic move to maintain its ownership stake in its subsidiary, Evey Trans (MAH) Private Limited. The company has acquired additional shares to preserve its 26% ownership in the subsidiary, demonstrating its commitment to the venture.

Details of the Acquisition

According to the latest disclosure to the stock exchanges, Olectra Greentech has purchased 1,79,37,400 additional equity shares of Rs. 10 each in Evey Trans (MAH) Private Limited. This acquisition brings Olectra's total holding in the subsidiary to 1,79,40,000 equity shares, maintaining its 26% stake in the company.

Purpose of the Acquisition

The primary objective behind this share purchase is to implement a specific project and maintain Olectra's current holding percentage. Evey Trans (MAH) Private Limited is set to act as a Special Purpose Vehicle (SPV) for executing a contract with BEST (Brihanmumbai Electric Supply and Transport).

Financial Implications

The cost of acquisition for the additional shares amounts to Rs. 17,93,74,000. This investment underscores Olectra Greentech's confidence in the subsidiary's potential and its commitment to the electric vehicle sector.

About Evey Trans (MAH) Private Limited

Evey Trans (MAH) Private Limited, incorporated on March 5, 2024, operates in the service industry. The company's primary business involves owning, operating, and leasing electric vehicles in India. As of March 31, 2025, the company reported the following financial figures:

Note: Financial figures in lakhs of Indian Rupees

Regulatory Compliance

This transaction falls under the category of a related party transaction, as the remaining 74% stake in Evey Trans (MAH) Private Limited is held by EVEY TRANS PRIVATE LIMITED. Both entities are under common control with MEIL Holdings Ltd. The company has affirmed that the transaction was conducted at arm's length.

Olectra Greentech's move to maintain its stake in Evey Trans (MAH) Private Limited aligns with its strategy in the electric vehicle sector. As the industry continues to evolve, this investment positions Olectra to capitalize on opportunities in the growing market for electric public transportation.