Olectra Greentech: Strong Q4 but Hit by Major Setback

EV major Olectra Greentech posted a solid 39% YoY rise in Q4FY25 profit, clocking in ₹20.69 crore. This was fueled by a 55% jump in revenue, thanks to a 67% increase in electric bus deliveries during the quarter. ⚡🚌 But despite the strong numbers, the stock plunged nearly 13% after news broke that the Maharashtra government canceled a ₹10,000 crore e-bus order over delayed deliveries. The tender involved 5,150 electric buses over 12 years — a major blow to sentiment. 📝 Olectra clarified that the deal was being handled via a Special Purpose Vehicle (SPV) with Evey Trans Pvt. Ltd., where it holds just a 1% stake, and that no official cancellation notice has been received yet.