Babu navigates through challenges, global forex volatility and supply chain issues
Hyderabad-headquartered Olectra is strengthening its manufacturing and operational capabilities to support the next phase of growth by continuing investments in capacity, technology, localization and execution capabilities to build a scalable platform for the growing requirements of India’s electric public transportation ecosystem.
“With a strong operating foundation, growing market adoption and a healthy pipeline of opportunities, Olectra remains focused on its vision of accelerating India’s transition towards cleaner and smarter mobility,” said Mahesh Babu, Managing Director, Olectra Greentech Ltd.
With over 4,000 electric vehicles deployed nationwide, an order book exceeding 8,500 vehicles, and more than 740 million green kilometres clocked, Olectra combines indigenous engineering, operational reliability, and continuous innovation to drive India’s transition to clean, efficient, and zero-emission transportation, he underlined in the latest financial results released 14 Aug.
“Our Q1 performance reflects the continued momentum in our electric mobility business and our ability to execute in a growing market. With 358 vehicles delivered during the quarter and cumulative deliveries crossing 4,000 vehicles, we continue to expand the footprint of electric mobility across India,” he continued.
“We successfully navigated challenges during the quarter, including global forex volatility and supply chain issues. Our focus remains on execution, strengthening our manufacturing and operational capabilities, and delivering reliable electric mobility solutions for our customers. We remain committed to scaling responsibly while creating sustainable, long-term value for all our stakeholders.”
Rated as India’s largest manufacturer of pure electric buses and electric tippers, and a pioneer in the country’s electric mobility ecosystem, Olectra designs, manufactures, and deploys advanced electric mobility solutions for urban and intercity public transport across India.
The EV company started FY27 on a strong note, with revenue growing 66% and EBITDA growing 30% year on year.
For Q1 FY27, the company delivered a strong performance during the quarter, driven by healthy electric vehicle deliveries, sustained customer demand, continued order execution and improved operating leverage. Revenue grew 66% to Rs.575.5 crorem from Rs.347.2 crore, while EBITDA increased 30% to Rs.72.9 crore, compared to Rs.55.97 crore the corresponding quarter of the previous year.
The Q1 PBT was Rs.34.70 crore, up from Rs.33.80 crore a year ago, and the latest PAT was 26.67 crore compared to Rs.26.03 ago in Q1 2026.
The company delivered 358 electric vehicles during the quarter, taking its cumulative electric vehicle deliveries to more than 4,000, further strengthening its position in India’s growing electric mobility ecosystem. Fiinews.com
