Olectra Greentech Q2 profit rises 6.8% to ₹52.94 crore; revenue up 4.6% to ₹687.01 crore
Olectra Greentech's consolidated profit for shareholders was ₹52.94 crore in July to September 2026, up 6.8% from ₹49.55 crore a year earlier, on revenue of ₹687.01 crore. The results are unaudited and no dividend is announced.
Olectra Greentech, a Hyderabad company that makes electric buses and power-line insulators, reported consolidated profit attributable to its shareholders of ₹52.94 crore for the quarter ended 30 September 2026 (Q2 of the financial year 2026-27, called FY27). A year earlier it was ₹49.55 crore, a rise of 6.8%. Revenue from operations, the money earned from its business before costs, was ₹687.01 crore, up 4.6% from ₹656.62 crore. “Consolidated” means the figures combine the company with its subsidiary, joint venture and associate companies. The filing does not announce a dividend, a payout to shareholders.
The board approved the results on 9 November 2026. The results are unaudited. The statutory auditors did a limited review, a narrower check than an audit, and said nothing had come to their attention suggesting the results contained a material misstatement.
The numbers
| Metric (consolidated) | Q2 FY27 | Q1 FY27 | Q2 FY26 | Change vs year earlier |
|---|---|---|---|---|
| Revenue from operations | ₹687.01 Cr | ₹575.51 Cr | ₹656.62 Cr | +4.6% |
| Other income | ₹15.02 Cr | ₹2.14 Cr | ₹4.32 Cr | +247% |
| Total expenses | ₹632.39 Cr | ₹545.49 Cr | ₹591.99 Cr | +6.8% |
| Profit before tax | ₹72.74 Cr | ₹34.69 Cr | ₹68.46 Cr | +6.3% |
| Net profit after tax | ₹52.12 Cr | ₹26.66 Cr | ₹49.43 Cr | +5.4% |
| Profit attributable to shareholders of the company | ₹52.94 Cr | ₹25.95 Cr | ₹49.55 Cr | +6.8% |
| Basic earnings per share | ₹6.45 | ₹3.16 | ₹6.04 | +6.8% |
- Net profit after tax is lower than the profit attributable to the company’s shareholders because part of the group’s result belongs to outside (minority) shareholders of a subsidiary. That share was a loss of ₹0.82 crore this quarter.
- Earnings per share (EPS) is profit attributable to shareholders divided by the number of shares. It is not annualised, the filing says.
- Compared with the previous quarter (April to June 2026), revenue was 19.4% higher and profit attributable to shareholders was about 2.04 times as much.
- Share of profit of associate companies was ₹3.09 crore, against a loss of ₹0.49 crore a year earlier. An associate is a company in which Olectra holds a minority stake.
First half of FY27
For April to September 2026, consolidated revenue from operations was ₹1,262.52 crore, against ₹1,003.85 crore a year earlier, up 25.8%. Profit attributable to shareholders was ₹78.89 crore, against ₹75.58 crore, up 4.4%. Basic EPS was ₹9.61, against ₹9.21.
Other decision on the same day
The board also approved selling the company’s entire 34% stake in Evey Trans (UJJ) Private Limited, an associate, to Evey Trans Private Limited, which already holds the other 66%. The filing states the total consideration as ₹34,000 and says the sale is expected to complete within three months. The share purchase agreement is yet to be signed. The filing says both companies are under the common control of MEIL Holdings Limited, Olectra’s promoter, so the buyer is a related party, and that the deal is at arm’s length and in the ordinary course of business.
Basis of these figures
All figures are from the company’s results filing of 9 November 2026 to BSE and NSE, opened from the BSE-hosted PDF. The filing reports in ₹ lakh; we converted to ₹ crore (1 crore = 100 lakh) and rounded to two decimals. The filing is a scanned document and the standalone (company-only) table could not be read reliably, so this article uses the consolidated results only. All percentage changes are our arithmetic on the filing’s lakh figures, for example 5,293.80 ÷ 4,954.83 = 1.068 for profit attributable to shareholders and 68,701.14 ÷ 65,662.34 = 1.046 for revenue. Profit before tax and net profit after tax tie to the filing’s line items (profit before tax less total tax). The consolidated results exclude profit on buses the company sells to its own subsidiaries, so they can be lower than standalone figures, the filing notes. The auditors’ report also notes that some subsidiary, joint-venture and eight associate-company results were not reviewed by the auditors themselves and were taken from management. The ₹52.94 crore, ₹49.55 crore, 6.8% and 4.6% figures match the Autocar Professional report.