Olectra Greentech Q2FY27: Net Profit Rises 5% to ₹52 Crore

Synopsis Electric mobility company OLECTRA d reported a 5% year-on-year increase in profit after tax (PAT) to ₹52 crore for Q2 FY27, compared with ₹49 crore in the corresponding quarter last year. The growth was supported by higher revenues and steady execution across its electric vehicle business. The Hyderabad-based company recorded a 5% rise in quarterly revenue to ₹687 crore, against ₹657 crore in Q2 FY26, reflecting consistent business momentum and increasing demand for electric public transportation solutions. KEY BUSINESS HIGHLIGHTS 🔹 Financial Performance: Net profit increased 5% to ₹52 crore, while revenue climbed 5% to ₹687 crore year-on-year. 🔹 Strong Order Book: Olectra continues to benefit from a robust pipeline of more than 8,000 electric buses, providing healthy visibility for future deliveries and execution. 🔹 Delivery Momentum: The company highlighted sustained demand for its electric vehicles, supported by an expanding presence across India's public transportation networks. 🔹 Management Commentary: Managing Director Mahesh Babu said the quarterly performance reflected positive growth in revenue, vehicle deliveries and profitability, supported by operational discipline and execution capabilities. 🔹 Upcoming Launches: Olectra is preparing to introduce its next-generation, indigenously developed electric buses in Q4 FY27, targeting both domestic and international markets. 🔹 Cumulative Deliveries: The company reported that its total electric vehicle deliveries have crossed 4,750 units. Olectra Greentech continues to strengthen its position in India's electric mobility sector, focusing on innovation, operational efficiency and the growing adoption of sustainable public transportation.