Business EconomyPosted at: Nov 9 2026 8:52PM


Olectra Greentech Q2 net profit rises 5 pc to Rs 52.12 crore

Hyderabad, Nov 9 (UNI) Hyderabad-based electric vehicle manufacturer Olectra Greentech Limited on Monday reported a five per cent increase in its net profit at Rs 52.12 crore for the second quarter of FY27, compared with Rs 49.43 crore in the corresponding quarter of the previous financial year.
The company's revenue from operations also rose five per cent to Rs 687.01 crore during the quarter ended September 2026, against Rs 656.62 crore in the year-ago period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 18 per cent to Rs 109.89 crore during the quarter, reflecting higher revenue and improved operational efficiency, the company said in a release.
Olectra delivered 401 electric vehicles during the quarter, registering a seven per cent growth over 375 vehicles in Q2 of FY26.
Deliveries during the first half of FY27 stood at 759 vehicles.
The company's cumulative electric vehicle deliveries have crossed 4,750, with its electric buses operating in 55 cities and covering over 750 million green kilometres.
Its order book currently stands at more than 8,000 electric buses.
Olectra Managing Director Mahesh Babu said the quarterly performance reflected growth in revenue, vehicle deliveries and profitability, while improved EBITDA highlighted the company's focus on operational efficiency.
The company is preparing to introduce its next-generation electric buses in the fourth quarter of the current financial year. The new models are being developed with an emphasis on localisation and will cater to both domestic and international markets, he said.
The company's earnings per share (EPS) increased to Rs 6.45 in Q2 FY27 from Rs 6.04 in the corresponding quarter of the previous year.
Olectra said it would focus on executing its existing orders, improving operational efficiency and expanding its capabilities amid growing demand for electric public transportation.
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