Olectra Greentech Q2 Net Profit Rises 7% to Rs 52.94 Crore

Olectra Greentech reported a 6.8 percent year-on-year increase in consolidated net profit attributable to equity holders to Rs 52.94 crore for Q2 FY27, compared to Rs 49.55 crore in the corresponding period of the previous financial year.

On a sequential basis, net profit doubled from the Rs 25.95 crore recorded in Q1 FY27.

Consolidated revenue from operations expanded 4.6 percent year-on-year to Rs 687.01 crore from Rs 656.62 crore in Q2 FY26. Sequentially, operational revenue grew 19.4 percent from Rs 575.51 crore in Q1 FY27. Total income, including other income of Rs 15.02 crore, stood at Rs 702.03 crore.

Total consolidated expenses grew 6.8 percent year-on-year to Rs 632.39 crore compared to Rs 591.99 crore in the same period last year. The expenses were driven primarily by cost of materials consumed at Rs 532.77 crore. Sequentially, expenses grew 15.9 percent from Rs 545.49 crore in Q1 FY27.

On a standalone basis, Olectra Greentech posted a net profit of Rs 50.92 crore for the quarter, marking a 3.5 percent decrease year-on-year from Rs 52.78 crore in the corresponding quarter of the previous financial year.

Sequentially, standalone net profit increased 61.5 percent from Rs 31.52 crore in Q1 FY27. Standalone revenue from operations grew 4.7 percent year-on-year to Rs 677.37 crore compared to Rs 647.01 crore in the year-ago period, and rose 19.5 percent sequentially from Rs 566.64 crore.

Total standalone expenses for the quarter grew 7 percent year-on-year to Rs 620.81 crore from Rs 580.01 crore, and increased 15.6 percent sequentially from Rs 537.17 crore.

Auditors noted that the figures incorporate unreviewed financial results from certain subsidiaries, joint ventures, and eight associates, which collectively contributed total assets of Rs 88.17 crore and a net profit share of Rs 3.09 crore for the quarter.

The board approved the disinvestment of the company's entire 34 percent equity shareholding in associate company Evey Trans (UJJ) to Evey Trans Private Limited for a total consideration of Rs 34,000, expected to be completed within the next three months.