Olectra Greentech Limited (NSE: OLECTRA, BSE: 532439) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, showcasing record revenue, strong profit growth, and continued expansion in the electric vehicle (EV) segment.
Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)
Total Revenue: ₹13,251 crore, up 58.5% YoY from ₹8,358 crore.
Net Profit: ₹1,152 crore, up 86% YoY from ₹619.6 crore.
EBITDA Margin:15.5%, up from 13.2% in 9M FY24.
✔ Olectra Greentech continues to lead in India’s electric mobility space, with surging demand for e-buses & EV solutions.
Business Growth & Strategic Highlights
✔ Electric Vehicle (EV) Business Expansion
Revenue from the EV segment surged 55% YoY to ₹4,597.7 crore in Q3 FY25.
Major e-bus orders from multiple state transport corporations (STUs).
EV division now contributes over 90% of total revenue.
✔ Composite Polymer Insulator Business Performance
Revenue up 30.4% YoY to ₹470.5 crore in Q3 FY25.
Growing demand from the power sector & high-voltage transmission projects.
✔ Operational Efficiency & Cost Management
Cost of materials consumed: ₹3,651 crore, up 31.8% YoY.
Finance costs: ₹107.2 crore, stable despite business expansion.
Depreciation & amortization: ₹71.3 crore, reflecting new asset investments.
✔ Major Order Wins & Pipeline
Backlog of ₹20,000 crore+ in e-buses & EV projects.
Strategic partnerships for battery technology & charging infrastructure.
Segmental Performance
Segment
Q3 FY25 Revenue (₹ crore)
9M FY25 Revenue (₹ crore)
Q3 FY25 Profit (₹ crore)
9M FY25 Profit (₹ crore)
Electric Vehicles (EVs)
4,597.7
11,993.1
592.6
1,508.8
Composite Insulators
470.5
1,257.0
122.4
333.8
✔ Electric Vehicles continue to be the primary growth driver, contributing over 90% of total revenue & profit.
Financial Position & Future Investments
✔ Expansion in EV & Charging Infrastructure
New e-bus manufacturing plant in Telangana to boost production capacity.
Investment in battery R&D for longer-range electric vehicles.
✔ Debt Management & Cash Reserves
Strong liquidity position to support future growth.
Net debt-to-equity ratio remains stable, despite business expansion.
✔ Renewable Energy Adoption for Manufacturing
Integration of solar & wind energy solutions to reduce operational costs.
Market Outlook & Future Growth Plans
✔ Increasing Adoption of E-Mobility:
India’s EV industry expected to grow 40% YoY over the next 5 years.
Government subsidies & policy push driving demand for e-buses.
✔ Strengthening Market Position:
Targeting expansion in international markets.
Developing next-gen EV platforms with autonomous & AI-driven features.
✔ Innovation in Battery Technology:
Investments in advanced battery chemistry & fast-charging solutions.
Conclusion
Olectra Greentech has delivered record-breaking Q3 FY 2024-25 results, with strong revenue growth, higher profitability, and an expanding footprint in India’s EV sector. With a robust order book, strategic investments, and leadership in e-mobility solutions, the company is well-positioned for long-term growth in the clean energy and electric transport space.
