Introduction:
EV stock surged as profits jumped 71.68% YoY to ₹46.32 crore in Q3 FY25, with revenue rising 50.62% to ₹515.36 crore. Profit before tax climbed 83.12% YoY to ₹61.95 crore. On a nine-month basis, net profit soared 86.75% to ₹117.88 crore.
Share Price movement of Olectra Greentech:
On January 30, 2025, Olectra Greentech Ltd opened at ₹1,365.05, up 12% from its previous close of ₹1,325.25. The stock reached a high of ₹1,506.95 and a low of ₹1,352.45. Currently it is trading at ₹1,476.85 and market cap stands at ₹12,122.09 crore.
Olectra Greentech share Q3 Results:
Olectra Greentech’s consolidated net profit surged 71.68% YoY to ₹46.32 crore in Q3 FY25, driven by a 50.62% revenue growth to ₹515.36 crore. The company’s stock soared 11.86% to ₹1,482.25. Profit before tax rose 83.12% YoY to ₹61.95 crore, reflecting strong financial performance.
Total expenses increased 44.58% YoY to ₹456.24 crore, mainly due to a 32.77% rise in material costs to ₹366.84 crore and a 25.27% increase in employee benefits to ₹22.95 crore. The insulator division’s revenue grew 30.44% YoY to ₹47.05 crore, while the e-bus division expanded 53.01% YoY to ₹468.31 crore.
On a nine-month basis, consolidated net profit jumped 86.75% to ₹117.88 crore, with revenue rising 56.35% to ₹1,352.97 crore in 9M FY25. Olectra Greentech continues its growth trajectory, excelling in composite polymer insulators, electric buses, and electric trucks, reinforcing its market leadership.
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Recent news About Olectra Greentech :
In September 2024, Olectra Greentech conducted its 24th Annual General Meeting, approving a 10% final dividend of ₹0.40 per share. The meeting also marked the retirement of independent directors M. Gopalakrishna and B. Appa Rao, highlighting key leadership changes.
Stock performance of Olectra Greentech for Period of 1 week, 6 months and 1 year:
Olectra Greentech’s stock gained 4.98% over the past week. However, over six months, it declined by 12.2%, indicating volatility. The one-year performance showed a deeper decline of 15.4%, highlighting long-term challenges despite recent positive movements in the stock.
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Shareholding pattern of Olectra Greentech:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 50.02 | 50.02 | 50.02 |
FII | 5.69 | 5.64 | 7.61 |
DII | 0.31 | 0.28 | 0.19 |
Retail & others | 44 | 44.08 | 42.19 |
About Olectra Greentech:
Olectra Greentech is a leading manufacturer of electric buses, trucks, and composite polymer insulators in India. The company focuses on sustainable transportation solutions, leveraging advanced technology to drive growth. It plays a key role in India’s transition to eco-friendly mobility and infrastructure.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.