Olectra Greentech Q1 Results Income of ₹30,730.79 Lakhs and ₹2,074.21 Lakhs Net Profit

Olectra Greentech has reported its financial results for the first quarter of the fiscal year ending June 30, 2024. The company had a revenue of ₹30,418.22 lakhs from operations and ₹312.57 lakhs from other sources, totaling ₹30,730.79 lakhs in income.

Olectra Greentech spent ₹22,366.63 lakhs on materials for the expenses and ₹576.61 lakhs on stock purchases. They saw an increase in inventory costs of ₹275.88 lakhs and spent ₹667.98 lakhs on power and fuel.

Testing and operating expenses were ₹1,752.59 lakhs, while employee benefits cost ₹869.67 lakhs. Finance costs amounted to ₹686.25 lakhs, and depreciation and amortization expenses were ₹726.26 lakhs. Other expenses totaled ₹27,921.87 lakhs.

Olectra Greentech’s expenses were ₹27,921.87 lakhs. The company achieved a profit of ₹2,808.92 lakhs before exceptional items. After accounting for exceptional items of ₹789.38 lakhs, the profit before tax remained ₹2,808.92 lakhs.

The total tax expense was ₹419.78 lakhs, leaving a net profit after tax of ₹2,074.21 lakhs. The total comprehensive income, including other comprehensive income of ₹17.93 lakhs, was ₹2,074.21 lakhs. The earnings per share were ₹2.53.

Source: Here

Olectra Greentech Q1 Results 2024-2025

Olectra Greentech shows a company’s financial results for each quarter from June 2021 to June 2024. It includes key metrics like sales, expenses, and profits. Sales increased over time, reaching the highest in March 2023. Expenses also grew, but not as quickly as sales. 

Here are the financial results for Olectra Greentech Limited for the quarter ended June 30, 2024:

Olectra Greentech Financial Summary

Olectra Greentech’s table shows key financial details about a company. The market cap is ₹14,092 crore, meaning it's valued at this amount in the stock market. The current price of one share is ₹1,717, with the highest price of ₹2,222 and the lowest of ₹1,018. 

Here’s a summary of the financial data for the company:

Quarterly Results 

Here’s the transposed table of the quarterly results:

About Olectra Greentech

Olectra Greentech, commonly known as Olectra, is a leading manufacturer of electric buses in India. Headquartered in Hyderabad, the company is known for its significant contribution to the electric mobility sector. Olectra was the first company in India to manufacture and deploy electric buses across various models. They are also expanding their range to include electric trucks and electric tippers, reflecting their commitment to advancing clean transportation solutions.

Olectra is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). They hold an ISO-9001:2008 certification, which is a mark of quality assurance. Their research and development center is officially recognized by the Department of Scientific and Industrial Research, Government of India, highlighting their focus on innovation and technology.

Olectra’s vision is to provide a modern, eco-friendly travel experience that helps protect the environment. They aim to lead in the electric vehicle industry by offering safe and comfortable commuting options. Their mission is to create, develop, and support electric vehicles while safeguarding stakeholder interests and striving to become a global leader in the electric vehicle sector.