Olectra Greentech Q3 FY26 – Sales Growth, Profits Stay Flat

Olectra Greentech reported good growth in revenue during the December 2025 quarter, supported by strong execution in electric bus orders. However, profits remained largely unchanged compared to last year. • Sales: ↑ 29% YoY to ₹664 crore (vs ₹515 crore in Dec 2024) • EBIDT: ↑ 18% YoY to ₹93.2 crore (vs ₹78.9 crore) • Net Profit: Flat YoY at ₹46.7 crore (vs ₹46.6 crore) • EPS: Flat YoY at ₹5.65 (vs ₹5.64) At a price of ₹1,077, market cap ₹8,839 crore, and PE 61.8, Olectra Greentech trades at a premium valuation. While revenue growth is strong, flat profits suggest margin pressure or higher costs. Going ahead, improvement in margins and faster execution of orders will be key to sustaining earnings growth.