Olectra Greentech Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Olectra Greentech Ltd reported a 1.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 50.2%.
- Its expenses for the quarter were down by 1.5% QoQ and up 44.6% YoY.
- The net profit decreased 2.2% QoQ and increased 71.9% YoY.
- The earnings per share (EPS) of Olectra Greentech Ltd stood at 5.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 517.58 | 526.19 | 344.66 | -1.6% | 50.2% |
Total Expenses | 456.25 | 463.29 | 315.55 | -1.5% | 44.6% |
Profit Before Tax | 61.34 | 62.90 | 29.10 | -2.5% | 110.8% |
Tax | 15.34 | 17.18 | 6.73 | -10.7% | 127.9% |
Profit After Tax | 46.62 | 47.65 | 27.12 | -2.2% | 71.9% |
Earnings Per Share | 5.60 | 5.80 | 3.30 | -3.4% | 69.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Olectra Greentech Ltd is a prominent company within the electric vehicle (EV) sector, primarily engaged in the manufacturing of electric buses and other related components. The company is recognized for its contributions towards sustainable transportation solutions, aligning with global trends emphasizing eco-friendly and energy-efficient travel. Olectra Greentech has been actively involved in innovations to enhance the performance and efficiency of its electric mobility solutions. As of the latest updates, the company continues to expand its footprint in the electric vehicle industry, although specific recent developments are not provided in the current data set.
Revenue
For the quarter ending Q3FY25, Olectra Greentech Ltd reported a total income of ₹517.58 crores. This represents a slight decrease of 1.6% compared to the previous quarter (Q2FY25), where the total income was ₹526.19 crores. However, on a year-over-year basis, there was a notable increase of 50.2% from Q3FY24, when the total income was ₹344.66 crores. This substantial year-over-year growth indicates a strong upward trajectory in revenue performance, reflecting the company's capacity to increase its income significantly over the past year.
Profitability
In terms of profitability, Olectra Greentech Ltd recorded a Profit Before Tax (PBT) of ₹61.34 crores in Q3FY25, reflecting a slight decrease of 2.5% from ₹62.90 crores in Q2FY25. However, when compared to Q3FY24, where the PBT was ₹29.10 crores, there is an impressive year-over-year growth of 110.8%. The Profit After Tax (PAT) for Q3FY25 was ₹46.62 crores, which also saw a minor decline of 2.2% from Q2FY25's ₹47.65 crores, but an increase of 71.9% from the ₹27.12 crores reported in Q3FY24. The tax expense for the quarter was ₹15.34 crores, showing a reduction of 10.7% from the previous quarter, yet a significant increase of 127.9% year-over-year.
Operating Metrics
Olectra Greentech Ltd's Earnings Per Share (EPS) for Q3FY25 stood at ₹5.60, which reflects a 3.4% decrease from ₹5.80 in Q2FY25. However, compared to Q3FY24, where the EPS was ₹3.30, there is a notable increase of 69.7%. Total expenses for Q3FY25 were ₹456.25 crores, which decreased slightly by 1.5% from Q2FY25's ₹463.29 crores. Year-over-year, there was an increase of 44.6% from the ₹315.55 crores reported in Q3FY24. These metrics highlight the company's operational efficiency and cost management over the quarters, alongside its ability to manage expenses while increasing overall income.
