India · Delayed Price · Currency is INR Olectra Greentech Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw 29% revenue growth and 37% higher EV deliveries year-over-year, with strong order book visibility and leadership in the electric bus segment. Margins remain healthy despite product mix changes, and FY 2026 bus delivery guidance is set at 1,500–2,000 units.
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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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Q1 FY25-26 saw 11% revenue and EBITDA growth year-over-year, with 2,879 EVs delivered to date and a robust 10,193-unit order book. Capacity expansion to 5,000 buses is on track for Q4, and Blade Battery technology will be commercialized from Q3.
Fiscal Year 2025
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Q4 and FY25 saw robust revenue and profit growth, driven by strong electric bus demand and improved operational efficiency. Supply chain constraints limited deliveries, but capacity expansion and automation are underway. Management remains optimistic about meeting future order commitments.
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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 order book and operational ramp-up. Guidance for FY25 and FY26 remains robust, with margins expected to stabilize around 12% as volumes scale. New facility and technology partnerships support future growth.
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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.