Olectra Greentech lifts September-quarter profit 5% to ₹52 crore

what happened

India's Olectra Greentech Ltd, an electric bus manufacturer, said on Monday that its net profit rose 5.4% to ₹52.12 crore for the September quarter of FY27. A year earlier the figure was ₹49.43 crore, according to Moody's, which cited the company's exchange filing.

Revenue from operations climbed to ₹687.01 crore from ₹656.62 crore, while total expenses grew 6.5% year on year to ₹632.39 crore. The company booked ₹3.09 crore as its share of profit from associates, compared with a loss of ₹49.49 lakh a year ago.

Olectra delivered 401 electric vehicles in the quarter, up from 375 in the same period last year. Managing Director Mahesh Babu pointed to an order book of more than 8,000 electric buses, which he said gives the company visibility over future execution. He added that new-generation buses, designed for localisation and for both domestic and overseas markets, are slated for launch in the fourth quarter of the current fiscal year.

why it matters

A 5% profit increase is modest, but a large order book gives the company a cushion for coming quarters. Investors will also watch the planned launch of the new bus range, which targets both home and export markets.

market impact

Olectra Greentech shares: higher profit and a large order book support the stock

• ▲Olectra Greentech shares pressure up — higher profit and an order book above 8,000 buses support the stock

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