Shares of Olectra Greentech climbed 1.8% to settle at ₹1,076.95 on the National Stock Exchange on Monday, rallying ahead of a steady quarterly performance. The MEIL group company posted a 6.8% year-on-year increase in consolidated net profit, reaching ₹52.93 crore for the second quarter against ₹49.54 crore during the corresponding period last fiscal year. Revenue from operations ticked up 4.6% to ₹687 crore from ₹657 crore a year earlier.
Growth held, but operating margins absorbed friction. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) crept up 2.5% to ₹91.7 crore, up from ₹89.5 crore in the year-ago quarter. Operating profitability, however, showed subtle compression. The company's EBITDA margin slipped 20 basis points to 13.4%, down from 13.6% twelve months prior, signaling higher baseline input costs across deliveries.
| Metric | Q2 FY Current | Q2 FY Previous | Change (YoY) |
|---|---|---|---|
| Revenue from Operations | ₹687.00 Cr | ₹657.00 Cr | +4.6% |
| EBITDA | ₹91.70 Cr | ₹89.50 Cr | +2.5% |
| EBITDA Margin | 13.4% | 13.6% | -20 bps |
| Consolidated Net Profit | ₹52.93 Cr | ₹49.54 Cr | +6.8% |
Beyond the operating ledger, the company's board approved a key balance-sheet alteration. Olectra Greentech will sell its entire 34% equity stake in associate firm Evey Trans Private Limited directly back to Evey Trans Private Limited. According to the regulatory filing, the board cleared the transaction for an aggregate consideration of ₹34,000, acting on recommendations submitted by the Audit Committee.
Electric bus adoption continues to shape the transport manufacturer's multi-quarter delivery pipeline. Traders absorbed the modest top-line growth and the Evey Trans exit in stride on Monday, pushing the stock into green territory before the exchange closed. Market participants will focus on commercial order conversion rates, cash recovery cycles, and municipal supply execution as the fiscal second half gets underway.