India · Delayed Price · Currency is INR Olectra Greentech Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw 66% revenue and 30% EBITDA growth year-over-year, with strong e-bus deliveries and leadership in both mobility and energy segments. Margin pressures from raw material costs are expected to ease, and significant CapEx is underway for new product launches and capacity expansion.
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.