India’s electric bus market is expanding, and Hyderabad-based Olectra Greentech has reported another quarter of consistent, profitable growth. The company posted a 5.4% year-on-year increase in consolidated net profit to ₹52.12 crore for the July–September quarter of FY27, compared with ₹49.43 crore a year earlier. In the latest Olectra Greentech Q2 Earnings announcement, revenue from operations also rose 4.6% to ₹687.01 crore, highlighting steady business momentum.
More importantly, EBITDA grew faster than revenue, indicating notably improved operating performance. With hundreds of electric vehicle deliveries, an order book, and new bus launches planned, Olectra is positioning itself for future expansion.
How Did Olectra Perform in Q2 FY27?
Olectra reported ₹52.12 crore net profit, ₹687.01 crore operating revenue and ₹109.88 crore EBITDA in Q2 FY27. Its electric vehicle deliveries reached 401 units during the quarter.
Q2 Financial Results: EBITDA Jumps 18%
The Olectra Greentech Q2 Earnings figures show operating profitability outpacing top-line growth, even as total expenses increased.
- Revenue: ₹687.01 crore, up 4.6% year-on-year.
- Net profit: ₹52.12 crore, up 5.4%.
- EBITDA: ₹109.88 crore, up 18%.
- Total income: ₹702.03 crore, versus ₹669.47 crore.
- Profit before tax: ₹72.74 crore, versus ₹68.46 crore.
- Total expenses: ₹632.39 crore, up 6.5%.
Management attributed stronger EBITDA growth to operational efficiency and disciplined business execution. EBITDA growth exceeded revenue growth, making profitability a highlight of the results. However, rising expenses remain an important metric for investors to monitor in subsequent quarters.
Electric Bus Deliveries and Order Book
Olectra delivered 401 electric vehicles during the quarter, compared with 375 in Q2 FY26. First-half deliveries consequently reached 759 units, while cumulative electric vehicle deliveries surpassed 4,750.
The electric bus manufacturer also reported several operational milestones:
- Order book: More than 8,000 electric buses awaiting execution.
- Operating footprint: Electric buses deployed across 55 Indian cities.
- Fleet usage: Over 750 million kilometres travelled cumulatively.
The order pipeline offers visibility into potential future deliveries, although actual revenue will depend on execution schedules. Fleet deployment also reflects the growing role of battery-electric buses in urban public transport and the need to expand reliable charging and maintenance support.
H1 FY27 Revenue Surges Nearly 26%
Beyond the quarterly results, the six-month results point to faster growth. Revenue from operations increased 25.8% to ₹1,262.52 crore from ₹1,003.85 crore in H1 FY26.
Net profit advanced 16.5% to ₹87.89 crore, against ₹75.46 crore previously. EBITDA reached ₹193.08 crore, up from ₹159.53 crore.
Next-Generation Electric Buses Coming in Q4
Managing Director Mahesh Babu said Olectra plans to introduce next-generation electric buses in Q4 FY27, prioritising localisation and products for Indian and international customers.
Separately, the board approved divesting its entire 34% stake in associate Evey Trans (UJJ) to Evey Trans Private Limited for ₹34,000.
Outlook: The Olectra Greentech Q2 Earnings underline resilient demand and improved operating performance. Sustained progress will depend on timely order deliveries, cost control, and rollout of its upcoming electric bus models.
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