Olectra Greentech reported a 5% rise in profit after tax to ₹52 crore for the quarter ended September 2026, while its electric-bus order book crossed 8,000 vehicles, highlighting continued demand for electric public transport in Indian cities.
The Hyderabad-based electric mobility company said its profit increased from ₹49 crore in the same quarter of the previous financial year. Revenue also rose 5% to ₹687 crore in the second quarter of FY27, compared with ₹657 crore a year earlier.
The company attributed the performance to steady revenue growth, improved execution and the contribution of its electric mobility business. It said demand during the quarter was supported by electric vehicle deliveries and by the expansion of electric public transportation networks.
Olectra said its order book of more than 8,000 electric buses provides visibility for future execution. The company did not disclose in the supplied results report the delivery schedule, city-wise allocation or the public transport authorities associated with these orders.
The company’s cumulative deliveries have crossed 4,750 electric vehicles, and it now has a presence across 55 cities. Olectra also said its vehicles have covered more than 750 million green kilometres. These figures indicate the scale at which electric buses are being deployed across urban transport systems, although the company did not provide a breakdown of operating routes, fleet utilisation or charging infrastructure in the reported update.
“ Our Q2 FY27 results reflect the continued strength of our business, with positive growth in revenue, vehicle deliveries and profitability,” Mahesh Babu, managing director of Olectra Greentech, said. He added that the company remained focused on innovation, operational efficiency and long-term value creation while supporting India’s transition to sustainable mobility.
The company said it plans to introduce a new generation of Olectra electric buses developed indigenously for domestic and international markets in the fourth quarter of the current financial year. The update did not specify the models, production volumes, destination markets or commercial launch dates.
The results come as Indian cities expand electric bus procurement as part of efforts to reduce emissions from public transport and modernise urban fleets. For transport agencies, the growth of electric-bus deployments also requires supporting systems including charging facilities, depot upgrades, maintenance capacity and reliable power supply. The supplied company update did not provide details on these operational requirements for its current order book.
Olectra’s next reported milestone is the planned introduction of its new-generation electric buses in the fourth quarter of FY27. The company’s execution of the existing order book and the scale of future deliveries will determine how quickly its stated presence across 55 cities translates into additional electric public transport capacity.
