Q1 2027 Olectra Greentech Ltd Earnings Call Transcript
Key Points
- Revenue grew 66% year-on-year to INR575.5 crore, with EBITDA up 30% to INR72.9 crore.
- Delivered 4,000 electric buses, becoming the first company in India to achieve this milestone.
- Maintained leadership in the e-bus segment with a 30%+ market share and a strong order book of 8,000 buses.
- Won new orders, including 1,085 buses from Telangana and L1 status for 155 buses in Rajasthan.
- Investing in next-generation bus and truck platforms with localized batteries, expected to improve margins and enable exports.
- EBITDA margin declined to 12.7% from 16.5% year-on-year due to raw material cost hikes and supply chain disruptions.
- Energy segment faced headwinds from a 40-70% increase in raw material prices and lower export contribution.
- PAT growth was muted at just 4% year-on-year due to higher interest costs from term loans and LC charges.
- Sequential revenue fell 11% quarter-on-quarter, impacted by lower Energy segment revenue and product mix changes.
- Execution of older orders (e.g., BEST) is delayed due to unresolved discussions, and the company is not aggressively pursuing the GFRP rebar business.
Ladies and gentlemen, good day, and welcome to the Olectra Greentech Limited Q1 FY27 Earnings Conference Call hosted by Nomura. (Operator Instructions) I now hand the conference over to Mr. Kapil Singh from Nomura. Thank you, and over to you, sir.
Good evening, everyone, and thanks for joining this call. We are pleased to host Olectra Greentech's management, Mr. Mahesh Babu, Managing Director; Mr. Sharat Chandra, CFO, and along with the members from the finance team. We will now pass on the call to management for their initial opening remarks.
And after that, we can open the floor for Q&A.
Good morning. This is Mahesh Babu speaking, MD of Olectra. I'm very, very pleased to meet on the call today after our Q1 results. First, I'll give you a brief of the industry. You all know that after the GST cut, auto industry has been growing at a very healthy rate due to the demand.
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