India · Delayed Price · Currency is INR Olectra Greentech Earnings Call Transcripts
Fiscal Year 2026
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Record revenue and profitability achieved with 28% revenue growth and 32% higher EV deliveries. Order book remains strong at 10,000 vehicles, with new platforms and 2,500 vehicle delivery target for FY 2027. Margins expected to stabilize between 12-15%.
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Q3 saw 29% revenue growth and 37% higher EV deliveries, with EBITDA margin at 14.1%. FY26 bus delivery guidance is 1,500–2,000 units, and INR 300–350 crore CapEx is planned for new products. Insulator business margins remain strong, driven by exports.
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Q2 FY26 saw record deliveries and revenue, with 25% year-over-year growth and strong profitability. Order book remains robust, capacity is expanding, and management reaffirmed guidance despite infrastructure challenges.
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Revenue and profitability grew 11% year-over-year in Q1, with 161 electric vehicles delivered and a strong order book of over 10,000 units. Capacity expansion and Blade Battery technology rollout are on track, with a 2,000-bus delivery target for FY26 and EBITDA margin expected to stabilize at 12%.
Fiscal Year 2025
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Q4 and FY25 saw robust revenue and profit growth, with 972 buses delivered in FY25 and a strong order book. Supply chain constraints persist, but capacity expansion and new technology launches are underway. FY26 guidance is 2,000–2,500 buses, with normalization expected from Q2.
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Q3 and nine-month results showed robust revenue and profit growth, with a strong order book of 10,224 buses and new Blade Battery technology launched. Production ramp-up and capacity expansion are underway, with FY25 and FY26 delivery targets set at 1,200 and 2,500 buses, respectively.
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Q2 FY25 saw record revenue, EBITDA, and PAT, driven by strong electric bus demand and operational ramp-up. Guidance remains robust with 1,500 bus deliveries targeted for FY25 and capacity scaling to 5,000 units annually by March 2025. Margins are expected to stabilize at 10–12% as volumes grow.
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Q1 FY25 saw 45% revenue growth and 34% PAT increase year-over-year, with 156 electric buses delivered and a robust order book of 10,818 units. Production capacity is scaling up to 5,000 buses/year, and the company remains focused on electric buses and tippers, with strong margins and expanding private sector traction.