Company Overview
Olectra Greentech Limited reported strong financial performance for FY 2025-26 with consolidated revenue of ₹2,312.17 crore (28% YoY growth) and profit after tax of ₹179.53 crore (29% YoY growth). The company delivered 1,280 electric vehicles during the year, representing a 32% increase from the previous year.
Financial Performance & Dividend
Standalone performance showed revenue of ₹2,274.23 crore (29% growth) and net profit of ₹172.89 crore (11% growth). The Board recommended a final dividend of ₹0.60 per share (15%) for FY26, subject to shareholder approval at the 26th AGM scheduled for September 26, 2026. The Mobility Division contributed ₹19,512.48 lakhs to profit while the Energy Division contributed ₹11,228.13 lakhs.
Manufacturing Expansion & Order Book
The company commenced partial operations at its new 150-acre Greenfield EV manufacturing facility at Seetharampur, Telangana, with production capacity of 2,500 units per shift (scalable to 5,000 units). The facility has an initial annual capacity of 5,000 EVs, scalable to 10,000. Olectra maintains a robust order book of approximately 10,000 electric buses, including recent orders of 1,085 buses for TGSRTC and 700 buses for BMTC.
Regulatory & Compliance Matters
The company received a ₹2.58 crore penalty from Telangana Industrial Infrastructure Corporation for construction delays at its Hyderabad facility. Auditors issued an unmodified opinion on both standalone and consolidated financial statements, with key audit matters around receivables and warranty provisions. The company recognized incremental costs due to new Labour Codes effective November 2025, though the impact was not considered material.
ESG & Sustainability Initiatives
Olectra's Business Responsibility and Sustainability Report disclosed 100% R&D investment in environmental technologies, 76% related party sales, and reduction of approximately 2.57 lakh tonnes of CO2 emissions through electric vehicle operations. The company maintained 427 employees and 1,403 workers with 2.08% women workforce representation.
Corporate Governance & AGM Agenda
The 26th AGM will address re-appointment of Director P V Krishna Reddy, ratification of auditor remuneration, and approval of related party transactions totaling ₹4,534 crore with Evey Trans entities. The company also seeks approval for credit support agreements with MEIL/MHL totaling ₹1,400 crore. Promoter holding stands at 50.02% with 99.94% shares dematerialized.
Segment Performance & Market Position
The Energy Division (Composite Polymer Insulators) showed significant improvement with profit before tax & interest of ₹11,228.13 lakhs (FY26) versus ₹4,604.72 lakhs (FY25). The company maintains an estimated 20%+ market share in India's electric bus market and has export presence in multiple countries including USA, Malawi, Mozambique, Nepal, Niger, Tanzania, and Tunisia.