Olectra Greentech
1,612.60
+44.70(+2.85%)
Market Cap₹13,236.34 Cr
PE Ratio91.29
IndustryAutomobiles
Company Performance:
1D+2.85%
1M+13.62%
6M+46.99%
1Y+3.23%
5Y+2,305.07%
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More news about Olectra Greentech
13Aug 25
Olectra Greentech Reports 10.6% Revenue Growth in Q1, EV Division Shows Steady Progress
Olectra Greentech Limited reported a 10.6% year-over-year increase in consolidated revenue, reaching INR 347.22 crore in Q1. The EV division saw a 5.7% revenue growth to INR 292.24 crore, selling 161 vehicles. The insulator division showed strong performance with a 46.6% revenue increase to INR 54.98 crore and an EBITDA margin of 34.6%. The company's consolidated EBITDA was INR 56.94 crore with a 16.4% margin, and profit after tax stood at INR 26.03 crore. Olectra has over 2,800 electric vehicles operating in India and an order book exceeding 10,000 units, with an annual manufacturing capacity of 5,000 units, scalable to 10,000.
09Aug 25
Olectra Greentech Reports 11% Revenue Growth in Q1, E-vehicle Division Leads Performance
Olectra Greentech Limited reported robust Q1 financial results. Standalone revenue increased by 11% to ₹337.60 crores, while net profit grew by 8% to ₹22.39 crores. EBITDA rose by 9.40% to ₹49.22 crores. Consolidated revenue grew by 10.60% to ₹347.22 crores with net profit up 7.30% to ₹26.03 crores. The e-vehicle division was the primary growth driver, contributing 83.70% of standalone revenue. Management expressed confidence in the growing demand for electric vehicles in India.
11Jul 25
Olectra Greentech Maintains 26% Stake in Evey Trans (MAH) with Additional Share Purchase
Olectra Greentech Limited has acquired 1,79,37,400 additional equity shares in its subsidiary, Evey Trans (MAH) Private Limited, for Rs. 17,93,74,000. This purchase maintains Olectra's 26% ownership stake in the subsidiary. Evey Trans (MAH) will serve as a Special Purpose Vehicle for a contract with BEST. The transaction is classified as a related party transaction, with the remaining 74% stake held by EVEY TRANS PRIVATE LIMITED.
02Jul 25
Olectra Greentech in Spotlight as Centre Tenders 10,900 Electric Buses
The Indian government has issued a tender for 10,900 electric buses to promote sustainable urban transportation. Bengaluru has been allocated the highest number of buses. This move could potentially benefit electric vehicle manufacturers like Olectra Greentech Ltd. The tender signals a strong push towards electrification of public transportation in India, presenting opportunities for EV companies to expand their market presence and contribute to the country's green mobility initiatives.
09Jun 25
Olectra Greentech: Chairman KV Pradeep Resigns Amid Order Challenges
K.V. Pradeep has resigned as Chairman and Managing Director of Olectra Greentech, citing personal reasons. This comes as the company faces order book challenges, including a reinstated Rs 9,000 crore contract with Maharashtra for 5,150 e-buses and a reduced order from Telangana for intercity buses.
02Jun 25
Olectra Greentech Secures Reinstated Order for 5,150 Electric Buses from Maharashtra Government
Olectra Greentech's order for 5,150 electric buses from the Maharashtra government has been reinstated after initial plans for termination due to delivery delays. The new delivery schedule spans three years: 620 buses in 2025, 2,100 in 2026, and 2,210 in 2027. This reinstatement secures a significant revenue stream for Olectra Greentech, potentially strengthening its market position in the electric bus sector. The company now faces the challenge of meeting the new delivery deadlines and may need to scale up production capacity.
31May 25
Olectra Greentech Faces Partial Order Cancellation from Telangana RTC
Telangana State Road Transport Corporation (TSRTC) has cancelled 40 out of 50 intercity electric buses originally ordered from Olectra Greentech. Only 10 buses were delivered by May 2023, completing the revised order. Despite this setback, Olectra Greentech states that the order reduction will not significantly impact their business operations, citing a robust existing order book.
27May 25
Olectra Green Refutes Contract Cancellation Reports, Confirms Maharashtra Project Ongoing
Olectra Green, a major electric vehicle company, has issued a clarification refuting media reports about its contract in Maharashtra being cancelled. The company stated that it has not received any cancellation order and the execution of the Maharashtra contract is ongoing. This announcement aims to dispel concerns and maintain stakeholder confidence.
27May 25
Olectra Greentech Reports Robust Q4 Performance with 53% Surge in Net Profit
Olectra Greentech announced strong Q4 FY2024 results with net profit rising 53.2% to ₹210.00 crore and revenue increasing 55.7% to ₹450.00 crore year-over-year. The company's Operating Profit Margin improved to 17.53%. For FY2024, annual revenue grew 5.9% to ₹1,165.70 crore, while net profit increased 17.6% to ₹78.70 crore. EBITDA for the year rose 17.3% to ₹177.50 crore.
27May 25
Olectra Greentech Faces Setback as Maharashtra Cancels ₹10,000 Crore E-Bus Order
Maharashtra's Transport Minister has instructed officials to cancel a ₹10,000 crore tender for 5,150 electric buses awarded to Olectra Greentech due to missed delivery deadlines. The company failed to supply 1,000 buses by May 22 as per the revised schedule. The 12-year contract cancellation may impact Olectra's finances, reputation, and market position in the competitive e-bus sector. The company has not yet made an official announcement regarding the cancellation.
26May 25
Olectra Greentech Reports Strong Q4 Performance with 55% Revenue Growth
Olectra Greentech announced Q4 results showing significant growth. Revenue increased by 55.71% year-over-year to ₹4,500.00 million. EBITDA rose 64.00% to ₹565.00 million, with EBITDA margin improving to 12.56%. Consolidated net profit grew 53.17% to ₹210.00 million compared to the same period last year. However, net profit decreased quarter-on-quarter from ₹463.00 million in the previous quarter.
22May 25
Olectra Greentech Set to Benefit from PM's E-Drive Scheme for Electric Buses
The Indian government has announced plans to supply electric buses to major cities under the Prime Minister's E-Drive scheme. Bengaluru is set to receive 4,500 e-buses, while Hyderabad and Delhi will each get over 2,000. As a leading manufacturer of electric buses in India, Olectra Greentech Limited is well-positioned to potentially benefit from this initiative. The scheme, which involves over 8,500 buses for just three cities, presents a significant market opportunity for established e-bus manufacturers like Olectra Greentech.
16Apr 25
Olectra Greentech Poised to Benefit from PM E-Drive Scheme for Electric Buses
The Indian government has launched the PM E-Drive Scheme with a Rs 10,900 crore outlay until March 2026, aiming to support 14,028 e-buses nationwide. Additionally, a tender for 10,000 electric buses for major cities has been announced. This initiative is expected to benefit companies like Olectra Greentech Limited, a key player in electric vehicle manufacturing.
11Apr 25
Olectra Greentech Secures ₹424 Crore Electric Bus Contract from Himachal Road Transport Corporation
Olectra Greentech has won a ₹424 crore contract from Himachal Road Transport Corporation (HRTC) to supply and maintain 297 electric buses. The company also confirmed compliance with SEBI regulations for the quarter ended March 31, 2025.
09Apr 25
Olectra Greentech Secures ₹424 Crore Contract for 297 Electric Buses from HRTC
Olectra Greentech has won a ₹424.01 crore contract from Himachal Road Transport Corporation (HRTC) for 297 electric buses. The deal includes supply and maintenance, with delivery expected within 11 months. This order bolsters India's push for sustainable public transport and enhances Olectra's position in the electric bus market.
Olectra Greentech
1,612.60
+44.70
(+2.85%)
1 Year Returns:+3.23%
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