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Olectra Greentech Limited is an Indian company primarily engaged in manufacturing composite polymer insulators, electric buses, and electric trucks. The company operates through two main segments: Insulator division and E Vehicle division. Their product range includes transmission and distribution composite insulators of various voltage capacities, insulators for railways, and different models of electric buses and trucks. Olectra Greentech has manufacturing facilities in Cherlapally, Hyderabad; Mahbubnagar, Telangana; and Sangareddy District, Telangana. The company has expanded its operations by introducing an E-Tipper Division and is constructing a new EV manufacturing facility in Seetharampur, Telangana. Olectra Greentech has subsidiaries including SSISPL-OGL-BYD Consortium and Evey Trans (GTC) Private Limited.
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Company insights, generated from the most recent coverage.
Q1 FY27 revenue surged 66% YoY to ₹575.5 Cr, driven by strong EV bus sales, signaling accelerating execution.
Credit rating upgrade to IND A/Stable reflects improved business risk and lower borrowing costs for expansion.
₹1,800 Cr TGSRTC order (1,085 buses) provides 12+ years of revenue visibility under an OPEX model.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Strong top-line growth driven by E-Vehicles and Insulators, but consolidated profitability dips in Q1 FY27.
E-Vehicles revenue surges from ₹29,224 Cr in Q1 FY26 to ₹57,403 Cr in Q3 FY26 — confirming strong order fulfillment
Consolidated EBITDA drops from ₹9,710 Cr in Q3 FY26 to ₹1,946 Cr in Q1 FY27 — signaling severe profitability erosion
Insulator Division revenue expands from ₹5,498 Cr in Q1 FY26 to ₹8,957 Cr in Q3 FY26 — reflecting robust market penetration
Consolidated PBT falls from ₹7,981 Cr in Q4 FY26 to ₹3,469 Cr in Q1 FY27 — indicating weakening core earnings
Consolidated revenue grows from ₹34,722 Cr in Q1 FY26 to ₹57,551 Cr in Q1 FY27 — showing sustained top-line strength
E-Vehicles EBITDA margin dips from 12.6% in Q1 FY26 to 11.6% in Q3 FY26 — reflecting stable but slightly compressed pricing power
E-Vehicles EBITDA nearly doubles from ₹3,694 Cr in Q1 FY26 to ₹6,675 Cr in Q3 FY26 — highlighting operational leverage
Insulator Division EBITDA margin eases from 35.3% in Q2 FY26 to 33.9% in Q3 FY26 — showing resilient but pressured profitability