EV Stock Skyrockets 9% After Reporting 171% YoY Increase in Net Profit

Synopsis: Olectra Greentech reported a strong FY26 performance, with revenue rising 28.3% to Rs. 2,312 crore and net profit growing 29.5% to Rs. 180 crore, while Q4 FY26 revenue and profit increased 43.7% and 171.4% YoY to Rs. 645 crore and Rs. 57 crore, respectively.

This Small-Cap EV Stock, engaged in the manufacturing and supply of electric buses, electric vehicle solutions, and composite polymer insulators for power transmission and distribution networks, jumped 9.26 percent after the company reported March quarterly results with a 171.43 percent YoY increase in net profit and also announced a dividend of Rs. 0.60 per share.

With a market capitalization of Rs. 10,419.33 crores, the share of Olectra Greentech Limited has reached an intraday high of Rs. 1,290 per equity share, rising nearly 9.26 percent from its previous day’s close price of Rs. 1,180.65. Since then, the stock has retreated and is currently trading at Rs. 1,269.20 per equity share. 

Q4 FY26 Result Walkthrough

Coming into the quarterly results of Olectra Greentech Limited, the company’s consolidated revenue from operations increased by 43.65 percent YOY, from Rs. 449 crore in Q4 FY25 to Rs. 645 crore in Q4 FY26, and decreased by 2.86 percent QoQ from Rs. 664 crore in Q3 FY26.

In Q4 FY26, Olectra Greentech Limited’s consolidated net profit increased by 171.43 percent YOY, reaching Rs. 57 crore compared to Rs. 21 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 21.28 percent, from Rs. 47 crore. The basic earnings per share increased by 164.06 percent and stood at Rs. 6.76 as against Rs. 2.56 recorded in the same quarter in the previous year, FY2025.

Dividend: Olectra Greentech Limited’s board of directors has recommended paying a final dividend at the rate of 15 percent on the face value of paid-up equity shares of Rs. 4 each for the financial year 2025-26, which is a dividend of Rs. 0.60 per equity share. The payment shall be made within 30 days from the date of the Annual General Meeting (AGM).

Annual Performance of FY26

Olectra Greentech Limited’s revenue has increased from Rs. 1,802 crore in FY25 to Rs. 2,312 crore in FY26, which has grown by 28.30 percent. The net profit has also grown by 29.50 percent from Rs. 139 crore in FY25 to Rs. 180 crore in FY26. The annual basic earnings per share increased by 27.78 percent and stood at Rs. 21.62 as against Rs. 16.92 recorded in the financial year 2025.

Olectra Greentech Limited’s revenue and net profit have grown at a CAGR of 52.43 percent and 86.4 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 21 percent and 15.6 percent, respectively. Olectra Greentech Limited’s debt-to-equity ratio is 0.31x.

Revenue Mix (FY26 & Q4 FY26)

In FY26, Olectra Greentech Limited reported total revenue of Rs. 2,312.17 crore, with the Mobility Division contributing Rs. 1,986.72 crore (86 percent) and the Energy Division contributing Rs. 325.44 crore (14 percent). This highlights the company’s strong dependence on the Mobility business for revenue generation. 

In Q4 FY26, total revenue stood at Rs. 644.72 crore, of which the Mobility Division contributed Rs. 539.20 crore (84 percent) and the Energy Division contributed Rs. 105.52 crore (16 percent). The revenue mix remained largely consistent during the quarter, with Mobility continuing to be the primary revenue driver while Energy provided stable support.

Company Overview

Olectra Greentech Limited was founded in 2000 and is an Indian company operating in electric mobility and power transmission equipment. It is best known as a pioneer in battery-electric buses in India and as a major producer of composite polymer insulators for transmission and distribution networks.

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