Latest news with #OlectraGreentech
Business Standard
5 days ago
- Business
- Business Standard
Olectra Greentech gains as Q1 PAT jumps 7% YoY to Rs 26 cr
Olectra Greentech rose 1.12% to Rs 1,426.35 after the company's consolidated net profit increased 7.29% to Rs 26.02 crore in Q1 FY26, compared with Rs 24.25 crore in Q1 FY25. Revenue from operations rallied 10.60% year on year to Rs 347.22 crore in Q1 FY26. Profit before tax in the first quarter of FY26 stood at Rs 33.79 crore, marking a growth of 6.12% from Rs 31.84 crore in Q1 FY25. Total expenses spiked 11.38% YoY to Rs 321.56 crore in Q1 FY26. The cost of materials consumed was Rs 250.81 crore (up 11.91% YoY), and employee benefits expenses stood at Rs 26.24 crore (up 42.45% YoY) during the period under review. Segment-wise, the insulator division generated revenue of Rs 54.95 crore in Q1 FY26, marking a 46.49% increase YoY. In contrast, the e-bus division reported revenue of Rs 292.24 crore, up 5.72% YoY for the same period. Olectra Greentech is engaged in the manufacturing of composite polymer insulators, electric buses, and electric trucks.
Business Standard
5 days ago
- Business
- Business Standard
Olectra Greentech consolidated net profit rises 8.46% in the June 2025 quarter
Sales rise 10.60% to Rs 347.22 croreNet profit of Olectra Greentech rose 8.46% to Rs 26.03 crore in the quarter ended June 2025 as against Rs 24.00 crore during the previous quarter ended June 2024. Sales rose 10.60% to Rs 347.22 crore in the quarter ended June 2025 as against Rs 313.94 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 11 OPM %13.7813.98 -PBDT43.9840.92 7 PBT33.8031.85 6 NP26.0324.00 8 Powered by Capital Market - Live News
Business Upturn
02-07-2025
- Automotive
- Business Upturn
Olectra Greentech, JBM Auto shares in focus as Centre issues tender for 10,900 EV Bus
Shares of Olectra Greentech and JBM Auto are in focus today after the Centre issued a massive tender for 10,900 electric buses under the PM e-Bus Sewa (PM e-Drive) scheme, as per a Moneycontrol report. This move is part of India's push to decarbonise public transport in major urban centres. The tender, issued by Convergence Energy Services Ltd (CESL) on June 27, covers five key cities. Bengaluru leads the allocation with 4,500 buses, followed by Delhi (2,800), Hyderabad (2,000), Ahmedabad (1,000), and Surat (600). This government-backed initiative is being executed under the Gross Cost Contract (GCC) model, where bus operators are compensated based on kilometres run, ensuring long-term revenue visibility for fleet providers and OEMs. The scope includes procurement, supply, operations, and maintenance, along with charging and civil infrastructure development. With bids set to open on August 12, the tender is expected to attract significant interest from leading EV manufacturers like Olectra Greentech and JBM Auto, both of whom are already key players in India's electric bus space. Olectra Greentech shares opened at ₹1,221.00 today, touching a high of ₹1,230.30 and a low of ₹1,202.80. The stock's 52-week high stands at ₹1,960.00, while the 52-week low is ₹989.95. On the other hand, JBM Auto shares opened at ₹656.05, hit a high of ₹657.70, and dropped to a low of ₹642.00 during the session. The stock has a 52-week high of ₹1,169.38 and a low of ₹489.80. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash JBM AutoOlectra Greentech Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
11-06-2025
- Automotive
- Time of India
MSRTC to shun pvt contractors, buy own buses: Sarnaik
Pune: State transport minister Pratap Sarnaik on Wednesday said henceforth, MSRTC will not procure buses under the Gross Cost Contract (GCC) model but will own the vehicles. The GCC model involves public transport bodies partnering with private agencies to procure, operate and maintain buses. The minister, while speaking on the sidelines of Commercial Vehicles Forum-2025 in Pune, said, "We want to own our buses. MSRTC aims to procure 5,000 self-owned buses annually, of which 1,000 will be electric smart buses, while the remaining will be diesel-run. We plan to procure 25,000 buses in the next five years." Maharashtra State Road Transport Corporation (MSRTC) pays a fixed price per km to private agencies for the service. The private players bear the cost of the upkeep of the vehicles. "The state govt will provide funds to procure the buses. The number of buses in MSRTC's fleet has drastically reduced, so the decision was made to procure our own buses," Sarnaik said. The state transport body's move comes after it received only 216 e-buses out of the planned 5,150 e-buses from Olectra Greentech and Evey Trans Pvt Ltd. The contract, worth Rs 10,000 crore, was signed in 2023, under which the buses were to be delivered this year. However, after only 216 of the buses were delivered to the state transport body, Sarnaik ordered the termination of the contract last month. The minister, however, reversed the decision and told the consortium to deliver the buses adhering to a fresh timeline. As per the revised timeline, 625 buses would be delivered to MSRTC in 2025; 2,100 buses in 2026, and the remaining buses in 2027. The new e-buses will include AI-enabled CCTV cameras that will monitor driver behaviour. If the driver yawns or uses a cellphone while driving, the system will alert passengers and trigger a danger alarm. Taking into consideration the safety of women passengers, the cameras will also monitor passengers' movements and activities. "The buses will be equipped with foam-based fire extinguishers and will have systems to prevent unauthorised entry when the buses are parked or locked. Any such attempt will trigger an alarm," Sarnaik said. At present, MSRTC has around 15,000 buses in its fleet. As many as 2,600 regular buses will be added to the current fleet by the end of the year, and a few existing buses will be scrapped. Regular commuters, however, said the transport body has been overpromising and underdelivering. "Some or the other plan is being announced each week, but there are no changes on the ground," Girish Sahne, a regular MSRTC commuter, told TOI. Meanwhile, the minister said the authorities concerned are working on resolving the issue of the Shivajinagar bus stand. "Deputy chief minister Ajit Pawar held a meeting recently. The issue will be resolved soon. Also, the plan to redevelop 72 bus stations is in progress. We are focusing on the cleanliness and security of bus depots and stations. After the alleged Swargate rape case, we are focusing on the safety of women. So, we are looking at smart buses with facilities powered by AI," the minister said.
Business Standard
09-06-2025
- Automotive
- Business Standard
Olectra Greentech chairman & MD K.V. Pradeep resigns
Olectra Greentech announced that its chairman and managing director (MD), K.V. Pradeep has resigned from both positions, due to personal reasons. The company stated that the effective date of his resignation will be communicated in due course. Olectra Greentech is engaged in the manufacturing of composite polymer insulators, electric buses, and electric trucks. The companys consolidated net profit slipped 55.62% to Rs 20.69 crore in Q4 FY25, compared with Rs 46.62 crore in Q3 FY25. Revenue from operations declined 12.89% QoQ to Rs 448.92 crore in Q4 FY25. Shares of Olectra Greentech rose 0.43% to Rs 1,227.30 on the BSE.
