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Olectra Greentech delivered robust FY26 results with consolidated revenue soaring 28% YoY to Rs 2,312.17 Cr and PAT jumping 29% to Rs 179.53 Cr. The Energy division was a standout, nearly doubling revenue (80.7% growth) to Rs 325.44 Cr, while the Mobility division also saw healthy 22.5% growth to Rs 1,986.73 Cr, selling 1,280 EVs.
The company is aggressively expanding, starting operations at its new Seetharampur plant, which can scale to 10,000 EVs annually. Strategic focus on R&D includes pioneering Blade Battery technology for better safety and efficiency, and developing new product platforms. With a strong order book of over 10,000 buses and active participation in major e-bus tenders, Olectra is well-positioned for future growth in India's booming EV market, also diversifying into E-Tippers. ROCE improved to 21.1%.