Olectra Greentech Sees Strong Q2 Growth, Plans New-Generation Electric Buses

Hyderabad-based Olectra Greentech reported an 18% rise in EBITDA to ₹109.89 crore in the second quarter of FY27, supported by higher electric vehicle deliveries and improved operating performance. The company also reported a strong order book of more than 8,000 electric buses, providing visibility for future growth.

Olectra's revenue from operations stood at ₹687.01 crore in the July-September quarter, up 5% from ₹656.62 crore in the corresponding period last year. Net profit increased 5% to ₹52.12 crore, compared with ₹49.43 crore a year earlier. Earnings per share rose to ₹6.45 from ₹6.04.

The company delivered 401 electric vehicles during the quarter, against 375 units in the same period last year, registering 7% growth. Its total deliveries for the first half of FY27 reached 759 vehicles.

With cumulative deliveries crossing 4,750 electric vehicles, Olectra has expanded its presence to 55 cities across India. Its electric buses have collectively covered more than 750 million green kilometres, reflecting the growing role of electric mobility in the country's public transportation network.

Managing Director Mahesh Babu said the quarterly performance reflected growth in revenue, deliveries and profitability, with improved operational efficiency contributing to the higher EBITDA.

He also announced that the company is preparing to introduce a new generation of electric buses in Q4 FY27. The upcoming models will focus on greater localisation and will be designed for both domestic and international markets.

With an order book exceeding 8,000 electric buses, Olectra is looking to strengthen its manufacturing capabilities and expand its role in India's transition towards cleaner public transportation.