Olectra Greentech , a leading electric vehicle manufacturer, has addressed concerns regarding its bus delivery commitments in Maharashtra. During a recent conference call, the company stated that there are no issues with meeting the timeline for bus deliveries in the state.

Delivery Assurance

The company's statement comes as a reassurance to stakeholders and customers alike. Olectra Greentech, known for its electric buses and other green transportation solutions, has been working on expanding its presence in various states, including Maharashtra.

Market Position

Olectra Greentech has been making significant strides in the electric vehicle sector, particularly in the e-bus segment. As of the latest available data, the company has:

• Over 3,000 electric vehicles on the road
• Completed more than 480 million clean kilometers
• An order book of 9,818 units

Financial Performance

While the company didn't provide specific financial details related to the Maharashtra order, its recent financial performance has shown positive trends:

The company's revenue has shown an increase of 19.80% in the first half of FY26 compared to the same period in the previous year.

Future Outlook

Olectra Greentech's reassurance regarding the Maharashtra bus delivery timeline aligns with its overall growth strategy. The company has been expanding its product range and production capabilities to meet the increasing demand for electric vehicles in India.

As the push for green transportation continues to grow, Olectra Greentech's commitment to timely delivery and expansion of its electric vehicle fleet positions it in the evolving market landscape.

The company's statement on the Maharashtra deliveries demonstrates its focus on maintaining customer trust and meeting contractual obligations, which are crucial factors in the competitive electric vehicle industry.

Olectra Greentech Limited , a leading player in the electric vehicle (EV) and insulator manufacturing sectors, has released its financial results for the quarter ended September 30, 2025, showcasing a mixed performance across its business segments.

EV Division Performance

The company's EV division, which forms the core of its operations, reported a significant revenue increase of 20.5% year-over-year. Revenue for Q2 FY26 stood at Rs 58,125.00 lakhs, up from Rs 48,247.00 lakhs in the same quarter of the previous year. However, the division faced challenges in maintaining its profitability, with EBITDA margins compressing from 15.3% to 11.4%.

Insulator Division Excels

In contrast to the EV segment, Olectra's insulator division demonstrated robust growth and improved profitability:

• Revenue surged by 82.9% to Rs 7,537.00 lakhs, compared to Rs 4,121.00 lakhs in Q2 FY25
• EBITDA margins expanded significantly from 28.5% to 35.3%

Consolidated Financial Highlights

Operational Performance

• Olectra sold 536 electric vehicles in the first half of FY26, compared to 471 in the same period last year
• The company has delivered over 9,818 electric vehicles on Indian roads to date
• Current order book stands at over Rs 3,000.00 crores

Manufacturing Capacity

Olectra operates a manufacturing facility in Hyderabad with an annual capacity of 5,000 units, which can be scaled up to 10,000 units.

Looking Ahead

As Olectra Greentech continues to navigate the evolving EV market in India, investors and analysts will likely keep a close eye on the company's ability to balance growth with profitability. The strong performance of the insulator division may provide some cushion as the company works to optimize its EV operations.

Note: All financial figures are in accordance with the investor presentation released by Olectra Greentech Limited for the quarter ended September 30, 2025.