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Olectra Greentec

Q3 FY26Automobiles

Olectra Greentec Q3 FY26: Order Book ₹300 Cr

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,318
Market cap₹10.8K Cr
P/E60.9
Updated23 Aug 2026
Read4 min read

The short version

Olectra Greentech expects electric vehicle (EV) industry growth at a CAGR of over 30%, aiming to outperform this market growth. For FY 2025-26, Olectra remains cautiously optimistic, expecting healthy growth in consolidated revenue and profitability driven by execution discipline, improving scale, and sustained demand across key segments (Page 19).

From Olectra Greentec's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Olectra Greentech expects electric vehicle (EV) industry growth at a CAGR of over 30%, aiming to outperform this market growth.
  • For FY26, the company targets delivery of around 1,500 to 2,000 buses, with the ambition to maintain No.1 market position.
  • Capacity is currently 2,500 vehicles per shift per year, expandable to 5,000 vehicles with double shifts; full utilization expected as market absorbs more volume in FY27.
  • Long term margin expectation is 10-12%, slightly lower than current 14% due to volume growth and new product segments.
  • New product development CAPEX of Rs.300–350 crores planned over next two years to expand into 9-meter, 12-meter buses, and trucks for future growth.

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Profitability & Margins

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Capital Expenditure Plans

  • Olectra Greentech is planning CAPEX of Rs.300 to 350 crores over the next two years focused on new product development, including new platforms (12-meter, 9-meter buses) and entry into the truck segment (Page 10, 17).
  • The company has completed Phase-I capacity expansion (5,000 units per annum) and will only proceed with further capacity investments upon achieving full market absorption at this level (Page 13).
  • Capitalization of new product development investments will be done year-on-year over two years (Page 17).

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Top-ranked in Automobiles

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Ather Energy Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Current pending order book stands at approximately 9,000 vehicles. (B. Sharat Chandra, Page 19)
  • Delivered over 3,600 vehicles so far in the current period. (Page 19)
  • Additional order of 1,785 buses where Olectra has become L1, expected to convert into official orders in about three months. (Page 8)
  • Insulators business has an order book of around Rs.300 crores. (Page 7)

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Olectra Greentec — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹664 Cr, net profit ₹47 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Olectra Greentec Q3 FY26 results?

Olectra Greentech expects electric vehicle (EV) industry growth at a CAGR of over 30%, aiming to outperform this market growth. For FY 2025-26, Olectra remains cautiously optimistic, expecting healthy growth in consolidated revenue and profitability driven by execution discipline, improving scale, and sustained demand across key segments (Page 19).

What is Olectra Greentec share price analysis?

Olectra Greentec currently shows a neutral. The stock trades at a P/E of 60.9 with a market cap of ₹10,809 Cr. Investors should review the full earnings analysis for detailed insights.

Is Olectra Greentec planning capital expenditure?

Olectra Greentech is planning CAPEX of Rs.300 to 350 crores over the next two years focused on new product development, including new platforms (12-meter, 9-meter buses) and entry into the truck segment (Page 10, 17).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.