Results - Announcements
Olectra Greentech Ltd share price ticked higher by 2.13% to Rs 1080.05 after the company's net profit soared by 95.50% to Rs 52.12 crore, while revenue from operations edged up 19.37% to Rs 687.01 crore in Q2FY27 over Q2FY26.
The market capitalization of Passenger Cars & Utility Vehicles industry group stocks on BSE stood at Rs 12.08 lakh crore, declining 1.92%. It has marginally improved by 7.87% over last one week and eased lower by 6.54% in last one month while the market capitalization of Olectra Greentech Ltd has improved by 2.08% and 22.53% in the same period respectively.
Profit before tax (PBT) of Olectra Greentech Ltd stood at Rs 72.74 crore in Q2 FY27, easing 6.25% year-on-year, and expanding by 109.69% quarter-on-quarter. EBITDA came in at Rs 77 crore, slipping 9.55% YoY and rallying 16.14% sequentially.
Total expenses increased by 16.95% to Rs 610.35 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 532.77 crore, jumping 22.33% YoY, while employee benefits expense was at Rs 32.17 crore, witnessing a strong rise of 44% YoY.
For FY26, revenue from operations jumped by 28.32% to Rs 2312.17 crore, while net profit saw a strong growth of 28.96% to Rs 179.53 crore, compared to previous FY. EBITDA witnessed a strong improvement of 25480% to Rs 315.52 crore, and PBT soared 31.01% to Rs 246.14 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 103.76 crore in FY26, as against Rs 140.67 crore in FY25.
Olectra Greentech Ltd plunged by 27.04% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.91% during the same period.