Olectra Greentech Q2 EBITDA rises 18 pc to Rs 110-Cr
Hyderabad, Nov 9 (TNT): Electric vehicle manufacturer Olectra Greentech Limited on Monday reported an 18 per cent increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 109.89 crore for the second quarter of FY27.
The company’s revenue rose 5 per cent to Rs 687.01 crore during the quarter ended September 2026, against Rs 656.62 crore in the corresponding quarter of the previous fiscal.
Profit after tax increased 5 per cent to Rs 52.12 crore from Rs 49.43 crore, while profit before tax grew 6 per cent to Rs 72.74 crore, the company said in a statement.
Olectra delivered 401 electric vehicles during the quarter, compared with 375 vehicles in the year-ago period, registering a growth of 7 per cent.
Its deliveries during the first half of FY27 stood at 759 vehicles.
The company’s cumulative electric vehicle deliveries have crossed 4,750, with its buses operating in 55 cities and covering over 750 million green kilometres.
Its order book comprises more than 8,000 electric buses.
Olectra Managing Director Mahesh Babu said the quarterly performance reflected growth in revenue, vehicle deliveries and profitability, while the improvement in EBITDA demonstrated 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, being developed with an emphasis on localisation, will cater to domestic and international markets, he said.
Olectra’s earnings per share increased to Rs 6.45 in the second quarter from Rs 6.04 in the corresponding period last year.
The company said it would focus on executing its existing orders, improving operational efficiency and expanding its capabilities to meet the growing demand for electric public transportation.
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