Olectra Greentech Ltd reported a strong financial performance for FY 2025-26 with net profit rising 29% year-on-year to ₹179.53 crore, driven by strong growth in electric bus deliveries and continued momentum in its energy business.
The company’s revenue for the financial year grew 28% to ₹2,312.17 crore, compared to ₹1,801.90 crore in FY20. EBITDA increased by 27% to ₹352.28 crore from ₹276.32 crore, while profit before tax (PBT) increased by 31% to ₹246.14 crore.
Olectra delivered a record 1,280 electric vehicles during FY26, up 32% compared to 972 units delivered in the previous fiscal year. This achievement marks the highest annual EV deliveries in the company’s history. Earnings per share (EPS) also increased by 28% to ₹21.62.
The company maintained strong momentum in the fourth quarter, with revenue growing 44% year-on-year to ₹644.72 crore. EBITDA grew 82% to ₹106.20 crore during the quarter, while profit after tax (PAT) grew 177% to ₹57.39 crore.
As of March 31, 2026, Olectra’s cumulative electric vehicle deliveries reached 3,998 units, while its order book stood at 10,161 electric vehicles, providing strong visibility for future growth.
Commenting on the performance, Mahesh Babu, Managing Director, Oletra Greentech, said the company’s growth was supported by strong execution, operational efficiency and sustained customer demand in both mobility and energy businesses. He said that the energy division has registered almost double the growth as compared to last year.
Headquartered in Hyderabad and part of the MEIL Group, Olectra Greentech is a leading manufacturer of electric buses and electric tippers for public transport and commercial mobility applications in India.
