Olectra Greentech Q3 FY26 Accelerates EV Momentum: ₹664 Cr Revenue, ₹46 Cr Profit

Olectra Greentech Ltd, India's EV bus leader and composite insulator maker, posted robust Q3 FY26 results on Feb 2, 2026, with consolidated revenue leaping to ₹664 Cr (+29% YoY) and PAT soaring 72% to ₹46 Cr.

The EV division dominated, generating ₹574 Cr (86% total) from bus deliveries amid ₹50,000 Cr+ order book. Insulators added ₹90 Cr, leveraging power sector demand. Expenses rose to ₹603 Cr (materials 83%), but margins held firm with PBT growth.
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Q2 FY26 saw ₹661 Cr revenue, ₹50 Cr PAT; 9M trends point to FY26 record amid 1,800+ e-buses delivered YTD. Hyderabad-based Olectra (BYD JV) eyes FAME-III boost, exports. Shares ~₹1,700 (mcap ₹14,000 Cr) reflect green transport tailwinds.

Key Highlights

• Revenue: ₹6.64 Bn (+29% YoY).
• Net Profit: ₹464 Mn (+72% YoY).
• ​EPS: ₹5.65.
• ​E-Vehicle Division: ₹5.74 Bn revenue (86% total).
• ​Insulator Division: ₹896 Mn revenue (+~90% YoY).
• ​Expenses: ₹6.03 Bn (materials ₹4.99 Bn).
• ​Total Assets: ₹25.05 Bn.

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Strategic capex in Gigafactory positions Olectra for urban transport shift.

Sources: InvestyWise, Zerodha, Kotak Neo