This article first appeared on GuruFocus .
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Revenue:INR2,312.17 crores, reflecting a 28% year-on-year growth.
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EBITDA:INR352.28 crores, up 27% compared to the previous year.
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PBT (Profit Before Tax):INR246.14 crores, representing a growth of 31%.
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PAT (Profit After Tax):INR179.3 crores, registering a growth of 29%.
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EPS (Earnings Per Share):Increased to INR21.62 from INR16.92 in the previous year.
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Electric Vehicle Deliveries:1,280 vehicles compared to 972 in the previous year, representing growth of 32%.
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Release Date: June 01, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Olectra Greentech Ltd ( BOM:532439 ) reported a 30% increase in revenue, reaching INR2,312 crores for the first time.
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The company achieved a 32% growth in vehicle deliveries, with 1,280 units delivered in FY26.
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EBITDA increased to INR352 crores, maintaining a healthy margin above 15%.
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Olectra Greentech Ltd has a strong order book, including 1,085 vehicles, and is investing in new platforms for buses and trucks.
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The company is developing next-generation platforms with capabilities for megawatt charging and battery swapping, ensuring future readiness.
Negative Points
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Supply chain issues, including geopolitical tensions and raw material shortages, have impacted production capabilities.
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The company faces challenges in ramping up production due to ongoing geopolitical issues affecting shipping and raw material availability.
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Olectra Greentech Ltd's ability to meet its FY27 target of 2,500 vehicles is contingent on external factors beyond its control.
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The company has not yet secured significant orders from private fleet operators, with most orders coming from state transport undertakings.
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Margins are subject to fluctuations based on product mix, and maintaining high margins may be challenging as the company scales.
Q & A Highlights
Q: What is the current monthly run rate, and how is the supply chain situation affecting it? A: The monthly run rate is better than previous quarters, but supply chain issues due to geopolitical factors like war and shipping constraints are still impacting production. The team is working hard to mitigate these challenges and maintain targets for the coming year. - Mahesh Subramanian, Managing Director
Q: What is the production target for FY27, and how will it be achieved? A: The target for FY27 is 2,500 vehicles. Achieving this depends on external factors like geopolitics and raw material availability. The team is confident and working towards this goal, with a planned quarter-on-quarter increase in production. - Mahesh Subramanian, Managing Director
Q: How have margins improved in the Energy and Insulator divisions, and what is the outlook for FY26? A: Margin improvements are due to product mix and cost engineering efforts. The company has maintained healthy margins despite external challenges, and this trend is expected to continue. - Mahesh Subramanian, Managing Director
Q: Are the new EV platforms being developed compatible with emerging technologies like megawatt charging and battery swap? A: Yes, the new bus and truck platforms will support both megawatt charging and battery swap technologies. The platforms are also agnostic to battery chemistry, allowing flexibility with future battery advancements. - Mahesh Subramanian, Managing Director
Q: What is the status of the BEST order book, and are there any delivery challenges? A: The company is engaging with BEST regarding subsidy and market challenges. The second order of 2,400 buses will be delivered, while discussions are ongoing for the first order. - Mahesh Subramanian, Managing Director
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
