Olectra’s Q2 EBITDA rises 18% to Rs 110 cr; deliveries cross 4,750

Hyderabad: Olectra Greentech Limited reported an 18 per cent increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs109.89 crore for the second quarter of FY27, supported by higher revenue and improved operating performance.

The company’s revenue rose 5 per cent to Rs687.01 crore in the quarter ended September 2026, compared with Rs656.62 crore in the corresponding period last year. Profit after tax increased 5 per cent to Rs52.12 crore from Rs49.43 crore, while profit before tax grew 6 per cent to Rs72.74 crore.

The company delivered 401 electric vehicles during the quarter, against 375 in Q2 FY26, registering a growth of 7 per cent. Deliveries during the first half of FY27 stood at 759 vehicles. The company’s cumulative electric vehicle deliveries have crossed 4,750, with its buses operating across 55 cities and covering more than 750 million green kilometres. Its order book stands at over 8,000 electric buses.

Managing Director Mahesh Babu said the quarterly performance reflected growth in revenue, vehicle deliveries and profitability, with the increase in EBITDA highlighting the company’s focus on operational efficiency.

The company is preparing to introduce its next-generation electric buses in the fourth quarter of the current financial year. The new models are being developed with an emphasis on localisation and are intended for domestic and international markets, he said. Olectra’s earnings per share increased to Rs6.45 in Q2 FY27 from Rs6.04 in the year-earlier period. The company said it would focus on executing its existing orders, improving operational efficiency and expanding its capabilities as demand for electric public transportation grows.

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