Olectra Greentech announced its unaudited financial results for Q2 and the first half of FY26, demonstrating substantial revenue growth. Q2 FY26 revenue increased by 25%, while H1 FY26 revenue rose by 20%. The company’s electric vehicle segment continues to be a key driver of this performance, supported by growth in its insulator division and expansion into new geographies.
Financial Performance Highlights
Olectra Greentech has released its unaudited financial results for the second quarter (Q2) and the first half (H1) of fiscal year 2026, showcasing significant growth across key financial metrics. The results reflect the company’s strong performance in the electric vehicle (EV) sector and its insulator division.
Revenue Growth
The company reported a 25% increase in revenue for Q2 FY26, with revenue reaching ₹656.62 million compared to ₹523.67 million in Q2 FY25. For the first half of the fiscal year (H1 FY26), revenue grew by 20%, climbing to ₹1,003.85 million from ₹837.61 million in H1 FY25. This growth underscores the rising demand for Olectra’s electric buses and other products.
Profitability
The company’s Profit Before Tax (PBT) also saw an increase, with Q2 FY26 PBT growing by 6% to ₹68.46 million. Similarly, PBT for H1 FY26 also increased by 6% to ₹102.26 million.
Segmental Performance
Both the Insulator Division and the e-vehicle division contributed to the overall positive results. The insulator division, in particular, showed a strong increase in revenue, with Q2 FY26 revenue up by 82.9% and H1 FY26 revenue up by 65.6%. The e-vehicle division also demonstrated robust growth, contributing significantly to the company’s overall revenue increase.
Electric Vehicle Sales
Olectra Greentech reported an increase in the number of electric vehicles sold during the first half of the fiscal year, with 536 vehicles sold in H1 FY26 compared to 471 vehicles in H1 FY25.
Future Outlook
The company is expanding into adjacent markets within the electric vehicle ecosystem and new geographies. With a diverse product portfolio and strong order book, Olectra Greentech is well-positioned to capitalize on significant market opportunities.
Source: BSE
