Olectra Greentech Limited Q3 FY2025 Results
Value Pick Best stock to buy
NSE: OLECTRA | BSE: 532439
Sector: Electric Vehicles & Polymer Insulators
Key Financial Metrics
Market Cap
₹11,919 Cr
Book Value
₹120
ROCE
14.8%
ROE
8.77%
Debt
₹187 Cr
Reserves
₹949 Cr
Sales Growth (3Y CAGR)
60.1%
Profit Growth (3Y CAGR)
112%
Q3 FY2025 Performance Analysis
Financial Performance (Standalone)
- Revenue: ₹50,683.45 Lakh (YoY growth: 52.7%)
- EBITDA Margin: 14.5%
- PAT: ₹4,630.57 Lakh (YoY growth: 107.8%)
- EPS: ₹5.64 (vs ₹2.71 YoY)
- Net Profit Margin: 9.1%
Business Segments
Electric Vehicles Division
- Q3 Revenue: ₹45,977.93 Lakh (90.7% of total)
- YoY Growth: 55.4%
- Profit Before Tax & Interest: ₹5,926.52 Lakh
Growth Drivers
- Expansion in public electric transport sector
- Government-backed FAME-II tenders
- Strategic partnerships with BYD and EVEY Trans
Insulator Division
- Q3 Revenue: ₹4,705.52 Lakh (9.3% of total)
- YoY Growth: 30.5%
- Profit Before Tax & Interest: ₹1,224.35 Lakh
Growth Drivers
- Growing power transmission infrastructure demand
- Expansion in domestic and export markets
- Steady cash flow with higher margins
Growth Plans & Expansion Strategy
Manufacturing Expansion
- New EV manufacturing facility development
- Battery technology localization initiatives
- Capex: ₹300-500 Cr investment plan
- Expansion of charging infrastructure
Product Development
- Electric trucks launch planning
- Battery-integrated electric vehicles
- Hydrogen fuel cell technology exploration
- R&D focus on indigenous technology
Financial Health & Capital Structure
- Debt-to-Equity Ratio: 0.19x
- Interest Coverage Ratio: Strong position with robust cash flows
- Working Capital Management: Efficient inventory and receivables
- Cash Reserves: Adequate for planned expansion
Competitive Analysis
Market Position
- Leading player in electric bus segment
- Strong R&D capabilities with BYD partnership
- Established presence in state-run electric bus projects
- Growing market share in insulator segment
Industry Challenges
- Raw material price volatility
- Global supply chain disruptions
- Increased competition in EV segment
- Policy implementation dependencies
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