Olectra Greentech Ltd
NSE:OLECTRA
Olectra Greentech Ltd
In the bustling world of electric mobility, Olectra Greentech Ltd. has carved out a niche as a pioneering force in the Indian market. Founded in 2000 as a part of Megha Engineering and Infrastructures Ltd., the company transformed its trajectory by diving headfirst into the electric vehicle segment, with a keen focus on producing electric buses. Headquartered in Hyderabad, Olectra has strategically positioned itself amid India's escalating environmental consciousness and government-backed pushes for cleaner urban transportation. The company's collaboration with Chinese electric bus giant BYD has proved crucial, providing both technological prowess and operational insight, which have been instrumental in shaping Olectra’s electric vehicle strategy.
Olectra Greentech operates through its robust model of manufacturing and supplying electric buses to urban transit authorities and private operators across India. The company generates its revenue through the sale and service of these electric buses, leveraging the growing industrial and government demand for sustainable transportation solutions. In addition to sales, Olectra's business model includes after-sales maintenance contracts, creating a steady stream of income post-purchase. As cities push for reduced emissions and energy-efficient public transport systems, Olectra stays at the forefront, not just by contributing to greener public commuting but also by driving its own growth through innovation in electric mobility. This multifaceted approach, driven by both product excellence and strategic collaborations, enables Olectra to maintain a competitive edge in this rapidly evolving industry.
In the bustling world of electric mobility, Olectra Greentech Ltd. has carved out a niche as a pioneering force in the Indian market. Founded in 2000 as a part of Megha Engineering and Infrastructures Ltd., the company transformed its trajectory by diving headfirst into the electric vehicle segment, with a keen focus on producing electric buses. Headquartered in Hyderabad, Olectra has strategically positioned itself amid India's escalating environmental consciousness and government-backed pushes for cleaner urban transportation. The company's collaboration with Chinese electric bus giant BYD has proved crucial, providing both technological prowess and operational insight, which have been instrumental in shaping Olectra’s electric vehicle strategy.
Olectra Greentech operates through its robust model of manufacturing and supplying electric buses to urban transit authorities and private operators across India. The company generates its revenue through the sale and service of these electric buses, leveraging the growing industrial and government demand for sustainable transportation solutions. In addition to sales, Olectra's business model includes after-sales maintenance contracts, creating a steady stream of income post-purchase. As cities push for reduced emissions and energy-efficient public transport systems, Olectra stays at the forefront, not just by contributing to greener public commuting but also by driving its own growth through innovation in electric mobility. This multifaceted approach, driven by both product excellence and strategic collaborations, enables Olectra to maintain a competitive edge in this rapidly evolving industry.
Revenue Growth: Olectra reported Q3 revenue of INR 663.6 crore, up 29% year-on-year, driven by strong EV segment performance.
Electric Bus Deliveries: Vehicle deliveries grew 37% YoY to 385 units in Q3, with Olectra maintaining the #1 market share in e-buses.
Margins & Profitability: EBITDA margin remained healthy at 14.1%, but PAT was flat YoY due to margin compression from product mix and increased costs.
Order Book: Management highlighted a robust order book of 9,000+ buses, providing 2–2.5 years of delivery visibility.
FY '26 Delivery Guidance: Olectra is targeting 1,500–2,000 bus deliveries for FY '26, adjusting prior ambitions in line with market absorption.
Insulator Business: The insulator segment saw margin improvement to 32–33% this quarter, aided by export orders, with expectations to stabilize at 25–30%.
CapEx & Expansion: INR 300–350 crore in new product development CapEx is planned over the next 2 years, with current capacity at 2,500 vehicles per shift and scalable up to 5,000 annually.
