Olectra Greentech reported a 5% rise in profit after tax to ₹52 crore for the quarter ended September 2026, as revenue increased to ₹687 crore on electric vehicle deliveries and continued demand from India’s public transport electrification market.
The Hyderabad-based electric vehicle manufacturer’s profit after tax stood at ₹49 crore in the corresponding quarter of the previous financial year. Revenue grew from ₹657 crore in the same period to ₹687 crore in the second quarter of FY27, also representing a 5% increase.
Olectra attributed the performance to steady execution, vehicle deliveries and the expanding contribution of electric mobility to public transportation. The company said its order book includes more than 8,000 electric buses, providing visibility for future production and deliveries.
The order pipeline is significant for urban transport systems because electric buses are increasingly being deployed across public transport networks. Olectra said its presence now extends across 55 cities, although the company did not provide a city-wise breakdown of its operations or the number of buses currently running in each location.
“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 in a statement.
Babu said the company would remain focused on innovation, operational efficiency and long-term value creation while supporting India’s transition to sustainable mobility. He added that Olectra is preparing to introduce a new generation of electric buses developed indigenously for domestic and international markets in the fourth quarter of the current financial year.
The company said cumulative deliveries have crossed 4,750 electric vehicles. Its vehicles have collectively covered more than 750 million green kilometres, according to the company. The figure indicates the scale of its operating footprint, but the supplied results update does not specify how the distance is distributed across bus fleets, cities or operating partners.
Olectra’s results link its financial performance to two parallel developments in urban mobility: the expansion of electric bus supply and the growing role of private manufacturers in public transport networks. For cities, the operational impact of such deployments depends on factors including fleet delivery schedules, charging infrastructure, route allocation and the arrangements between manufacturers and transport agencies. The company did not disclose those details in the results update.
The immediate milestones identified by Olectra are the execution of its order book and the planned introduction of its next-generation electric buses in the fourth quarter of FY27. The company also said the new vehicles are intended for both Indian and international markets.
