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India
As of 18 Sept 2026, 03:30 pm
For the fiscal year ended March 31, 2026 (FY26), Olectra Greentech reported its highest-ever consolidated revenue of ₹2,312.17 crore, marking a 28% year-over-year growth. The company also achieved an EBITDA of ₹352.28 crore and a Profit After Tax (PAT) of ₹179.53 crore. A final dividend of 15%, equivalent to ₹0.60 per equity share of ₹4 face value, is proposed for FY26. The record date for this dividend is September 19, 2026.
Olectra Greentech is seeking shareholder approval for related-party transactions totaling over ₹54 billion at its 26th Annual General Meeting on September 26, 2026. These transactions involve entities such as EVEY Trans (NSK) Private Limited, EVEY Trans (KAR) Private Limited, and Megha Engineering & Infrastructures Limited, and their affiliates. The proposed transactions cover bus supply, maintenance services, and corporate guarantees.
As of September 18, 2026, Olectra Greentech's stock closed at ₹1198.8. The daily trend indicates a 'bearish' SuperTrend direction with the SuperTrend level at ₹1293.1. However, the weekly trend shows a 'bullish' SuperTrend direction with the SuperTrend level at ₹1124.71. Nearest support levels are identified at ₹1196.87, ₹1180.73, ₹1178.28, and ₹1170.07, while nearest resistance levels are at ₹1207.53, ₹1223.67, ₹1240.88, and ₹1274.25.
Olectra Greentech disclosed a penalty of ₹2,57,87,484 from Telangana Industrial Infrastructure Corporation Limited (TGIIC) for delays in constructing a Greenfield EV Manufacturing Facility. For the fiscal year 2025-26, the company reported a paid-up capital of ₹3,283.23 Lakhs, a turnover of ₹22,74,22,75,345, and a net worth of ₹12,25,73,63,543.
As of 18 Sept 2026, 03:30 pm
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Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹575.51 crore | ₹644.72 crore | PEAK₹663.60 crore | ₹656.62 crore | ₹347.22 crore |
| Expenses | ₹545.49 crore | ₹571.47 crore | PEAK₹603.41 crore | ₹591.99 crore | ₹321.56 crore |
| Finance Costs | PEAK₹23.59 crore | ₹15.37 crore | ₹20.15 crore | ₹13.83 crore | ₹12 crore |
| Profit Before Exceptional Items And Tax | ₹32.16 crore | PEAK₹74.44 crore | ₹63.70 crore | ₹68.95 crore | ₹30.99 crore |
| Profit Before Tax | ₹32.16 crore | PEAK₹79.81 crore | ₹63.70 crore | ₹68.46 crore | ₹30.99 crore |
| Profit Loss For Period | ₹26.66 crore | PEAK₹57.39 crore | ₹46.68 crore | ₹49.43 crore | ₹26.03 crore |
Finance costs rose sharply to ₹23.59 crore, up 96.7% from ₹12.00 crore a year ago and 53.5% from ₹15.37 crore in the prior quarter. The ₹11.59 crore year-on-year increase in finance costs was a significant drag on profit, as profit before tax grew by only ₹1.17 crore over the same period.
Other income was ₹2.14 crore, providing a small offset to expenses. The negative changes in inventories of ₹6.41 crore indicate that production outpaced sales during the quarter, which may have implications for working capital.
Exchange disclosures and regulatory announcements for Olectra Greentech.
Olectra Greentech Limited will hold its 26th Annual General Meeting on September 26, 2026, at 12:00 Noon via Video Conference. The Register of Members will be closed from September 20 to September 26, 2026, and the record date for a proposed final dividend of 15% (Rs. 0.60 per equity share of Rs. 4) for FY 2025-26 is September 26, 2026. Remote e-voting runs from September 22 to September 25, 2026.
Olectra Greentech Limited's 26th Annual General Meeting is scheduled for September 26, 2026, via video conferencing. The company reported its highest-ever consolidated revenue of ₹2,312.17 crore (28% YoY growth), EBITDA of ₹352.28 crore, and PAT of ₹179.53 crore for FY26, delivering 1,280 electric vehicles (32% increase). A final dividend of ₹0.60 per equity share (15%) is proposed. Shareholder approval is sought for related-party transactions with Evey Trans entities and for receiving guarantees or loans from Megha Engineering & Infrastructures Limited.
Olectra Greentech Limited filed its Business Responsibility and Sustainability Report for FY 2025-26 (April 1, 2025 to March 31, 2026) with stock exchanges. Key disclosures include a penalty of ₹2,57,87,484 from Telangana Industrial Infrastructure Corporation Limited (TGIIC) for delay in completing construction of a Greenfield EV Manufacturing Facility. Export turnover was 5.28% for the period. The company’s paid-up capital is ₹3,283.23 Lakhs, with turnover of ₹22,74,22,75,345 and net worth of ₹12,25,73,63,543.
Olectra Greentech Limited announced its 26th Annual General Meeting scheduled for September 26, 2026, to approve the adoption of financial statements for the year ended March 31, 2026, and declare a final dividend of ₹0.60 per share (15%). The meeting will also seek shareholder approval for related party transactions totaling over ₹54 billion with entities including EVEY Trans (NSK) Private Limited, EVEY Trans (KAR) Private Limited, Megha Engineering & Infrastructures Limited, and their affiliates for bus supply, maintenance services, and corporate guarantees. Additionally, the agenda includes the re-appointment of Director P V Krishna Reddy and the ratification of remuneration of ₹2 lakh for cost auditors M/s EVS & Associates.
Olectra Greentech Limited has informed the Exchange that Record date for the purpose of Dividend is 19-Sep-2026. |SUBJECT: Record Date
Olectra Greentech will close its Register of Members and Share Transfer Books from 20 September 2026 to 26 September 2026 for its 26th Annual General Meeting and for payment of a final dividend of 15% (Rs. 0.60 per equity share of Rs. 4 each) for the financial year ended 31 March 2026, subject to shareholder approval at the AGM. The record date for the dividend is 19 September 2026.
Olectra reported trade receivables exposure of ₹97,228.87 lakhs as of March 31, 2026, an increase from ₹68,930.63 lakhs in the prior year, with a credit loss allowance movement showing a provision of ₹424.49 lakhs and a reversal of ₹4.71 lakhs during the period. The company's sensitivity analysis indicates that a one percentage point change in interest rates would impact profit before tax by approximately ₹347.69 lakhs for the year ended March 31, 2026, compared to ₹207.69 lakhs in the previous year. Revenue recognition policies confirm income is recorded upon transfer of control for goods at shipment or receipt, while service income is recognized over the performance period.
Olectra Greentech Limited uploaded the transcript of its conference call held on August 17, 2026, to its website on August 20, 2026. The company had previously disclosed prior intimation of this earnings or quarterly call to the exchange on August 12, 2026. The call concluded at 17:25:00 on August 17, 2026.
Recent market and company developments associated with Olectra Greentech.
Olectra Greentech to launch an indigenous electric bus platform and first locally developed electric trucks in Q3 FY27, boosting localisation and cutting reliance on BYD.
Olectra becomes India's first company to deploy 4,000 electric buses, advancing sustainable public transport and reducing carbon emissions.
Comprehensive Section Breakdown for Olectra Greentech
Strategic Vision: Manufactures electric buses and composite polymer insulators.
Category: Manufacturing
This segment focuses on the production of composite polymer insulators.
Category: Manufacturing
This segment involves the manufacturing of electric buses in various lengths, including seven-meter, nine-meter, and twelve-meter models.
• Pioneer in electric bus manufacturing in India.
Olectra Greentech Limited reported a 65.75% jump in revenue to ₹575.51 crore for the June 2026 quarter compared with the same period last year. Profit before tax, however, rose only 3.77% to ₹32.16 crore, as total expenses climbed 69.64% and finance costs nearly doubled. Sequentially, revenue fell 10.74% from the March 2026 quarter, and profit before tax dropped 59.7%, highlighting margin pressure.
Revenue from operations was ₹575.51 crore in Q1 FY2026-27, up from ₹347.22 crore a year earlier but down from ₹644.72 crore in the preceding quarter. The sequential decline broke a pattern of relatively stable revenue in the ₹640–₹665 crore range seen over the prior three quarters.
Segment revenue matched total revenue, and segment profit before tax followed a similar trajectory. Segment profit before tax was ₹34.69 crore, compared with ₹33.80 crore a year ago (up 2.64%) and ₹79.81 crore in Q4 FY2025-26 (down 56.54%). The segment profit figure was ₹2.53 crore higher than the total profit before tax of ₹32.16 crore, indicating unallocated expenses or adjustments of that amount.
Total expenses for the quarter were ₹545.49 crore, up 69.64% year-on-year from ₹321.56 crore but down 4.55% sequentially from ₹571.47 crore. Because expenses fell more slowly than revenue, the expense-to-revenue ratio rose to 94.78% from 88.64% in the prior quarter and 92.60% a year ago.
Key expense components in the quarter included:
Finance costs as a percentage of revenue increased to 4.1% from 2.4% in Q4 and 3.5% a year ago, contributing to the higher expense ratio.
Profit before tax was ₹32.16 crore, nearly flat year-on-year (₹30.99 crore) but down 59.7% from ₹79.81 crore in the prior quarter. Net profit for the period was ₹26.66 crore, compared with ₹26.03 crore a year ago and ₹57.39 crore in Q4. Basic earnings per share fell to ₹3.16 from ₹6.76 in Q4, essentially unchanged from ₹3.17 a year ago.
Tax expense was ₹8.03 crore, down 64.2% sequentially but up 3.29% year-on-year. The effective tax rate remained consistent at approximately 25.0%, compared with 25.1% in the same quarter last year.
The June 2026 quarter delivered strong year-on-year revenue growth, but profit growth was minimal as expenses—particularly finance costs—rose sharply. Sequentially, both revenue and profit fell from the March 2026 quarter, with expenses declining more slowly than revenue, squeezing margins. While the top line continues to expand, the cost structure, especially financing costs, is absorbing a larger share of revenue, leaving net profit essentially flat compared with the same quarter last year.
Core Thesis: The company operates in two primary segments: Composite Polymer Insulators and E-Vehicle, with the latter focusing on electric bus manufacturing.
• Electric Bus Manufacturing: Olectra manufactures air-conditioned electric buses in various lengths, including seven-meter, nine-meter, and twelve-meter models. • Composite Polymer Insulators: The company also operates a segment dedicated to the production of composite polymer insulators. • EV Arm of Megha Engineering: Olectra is identified as the electric vehicle division of Megha Engineering.