Olectra Greentech Q1 Results: Revenue Reaches 5.76 Billion Rupees

HYDERABAD, India — August 13, 2026 — Pure-play electric bus manufacturer Olectra Greentech Limited announced its financial performance for the first quarter of fiscal year 2026–27 on Thursday, recording consolidated revenue from operations of 5.76 billion rupees (₹575.51 crore). The company posted a consolidated net profit attributable to equity holders of 259.5 million rupees (₹25.95 crore), reflecting continued operational expansion in the Indian commercial electric vehicle sector.

The board of directors approved the un-audited standalone and consolidated financial results during its meeting held in Hyderabad on August 13, 2026. The company’s top line grew significantly compared to the 3.47 billion rupees (₹347.22 crore) reported in the corresponding quarter of the previous financial year, supported by higher deliveries across its core EV mobility segment.

Breakdown of Financial and Operational Performance

In its official submission to stock exchanges, Olectra Greentech outlined total consolidated income of 5.78 billion rupees (₹577.65 crore) for the quarter ended June 30, 2026, up from 3.53 billion rupees (₹352.56 crore) in Q1 FY26. Total consolidated expenses stood at 5.45 billion rupees (₹545.49 crore), compared to 3.22 billion rupees (₹321.56 crore) in the prior-year period.

Key expense line items during the quarter included raw material costs of 4.36 billion rupees (₹435.53 crore), employee benefit expenses of 223.4 million rupees (₹22.34 crore), testing and operating costs of 323.3 million rupees (₹32.33 crore), and finance costs amounting to 235.9 million rupees (₹23.59 crore). Depreciation and amortization expenses were reported at 146.2 million rupees (₹14.62 crore).

On a standalone basis, Olectra Greentech generated revenue from operations of 5.67 billion rupees (₹566.64 crore) for the June quarter, compared to 3.38 billion rupees (₹337.60 crore) in the same period last year. Standalone net profit after tax reached 231.9 million rupees (₹23.19 crore) against 223.9 million rupees (₹22.39 crore) in Q1 FY26. Profit before tax (PBT) on a standalone basis came in at 315.2 million rupees (₹31.52 crore).

Segment Revenue Analysis and Business Highlights

Olectra Greentech operates across two main divisions: the Mobility Division (electric buses and electric trucks) and the Energy Division (composite polymer insulators).

• Mobility Division: The segment posted consolidated revenue of 4.95 billion rupees (₹494.63 crore) in the June quarter, rising from 2.92 billion rupees (₹292.24 crore) in Q1 FY26. Segment profit before interest and tax stood at 404.3 million rupees (₹40.43 crore).

• Energy Division: The segment recorded revenue of 808.8 million rupees (₹80.88 crore), compared to 549.8 million rupees (₹54.98 crore) in the year-ago period. Segment profit before interest and tax reached 178.5 million rupees (₹17.85 crore).

The company clarified in regulatory filings that consolidated sales revenue excludes internal bus transfers made by the parent company to its operating subsidiaries, which capitalize the vehicles to deliver public transport services under contract with State Transport Undertakings (STUs).

Corporate Decisions and Annual General Meeting Timeline

Along with the financial statements, the board approved key administrative schedules for shareholders:

1. 26th Annual General Meeting (AGM): Scheduled to take place on Saturday, September 26, 2026.

2. Record Date: Set for Saturday, September 19, 2026, to determine eligibility for the AGM.

3. Book Closure: Register of Members and Share Transfer Books will remain closed from September 20, 2026, to September 26, 2026 (both days inclusive).

4. E-Voting Window: Remote e-voting opens on September 22, 2026 (9:00 AM IST) and closes on September 25, 2026 (5:00 PM IST).

Official Sources Section

Information in this report is sourced from official regulatory filings made by Olectra Greentech Limited under Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitted to the Indian stock exchanges following the board meeting on August 13, 2026.

Quote Section

"According to official regulatory filings signed by Managing Director Mahesh Babu Subramanian, the board of directors approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, following review by the audit committee and statutory auditors Sarath & Associates."

Why It Matters

The latest Olectra Greentech Q1 results provide insight into the financial health and operational momentum of India's commercial electric vehicle sector. For municipal transit bodies and public transport passengers, consistent revenue growth in the Mobility Division reflects steady bus deliveries and deployment across urban transit fleets. For equity investors and market analysts, the figures demonstrate top-line scale expanding past 5.7 billion rupees in a single quarter, balanced against rising material inputs and financing expenses required to support fleet deliveries.

Key Facts at a Glance

• Consolidated Revenue: Reached ₹575.51 crore (5.76 billion rupees) in Q1 FY27, up 65.7% year-on-year.

• Consolidated Net Profit: Attributable net profit for equity holders stood at ₹25.95 crore (259.5 million rupees).

• Mobility Division Dominance: Electric vehicle segment revenue expanded to ₹494.63 crore from ₹292.24 crore in Q1 FY26.

• Shareholder Meeting: The 26th Annual General Meeting is scheduled for September 26, 2026, with a record date of September 19, 2026.

FAQ Section

What were Olectra Greentech's main revenue drivers in Q1 FY27?

The company’s top line was driven primarily by its Mobility Division (e-buses and e-trucks), which contributed ₹494.63 crore to total operational revenue of ₹575.51 crore.

How did Olectra Greentech perform compared to the previous year?

Consolidated operational revenue increased significantly from ₹347.22 crore in Q1 FY26 to ₹575.51 crore in Q1 FY27. Attributable consolidated net profit came in at ₹25.95 crore compared to ₹26.03 crore in Q1 FY26.

What dates should Olectra Greentech shareholders note for the upcoming AGM?

Shareholders should note the record date of September 19, 2026, the e-voting period from September 22 to September 25, 2026, and the AGM on September 26, 2026.

Source: Olectra Greentech Limited Regulatory Filing, BSE India Exchange Desk, NSE India Corporate Announcements