Olectra posts Rs 27 core net profit for Q3 FY2024
Olectra Greentech, a leading electric commercial vehicle manufacturer has announced its financial results for Q3 and 9-month of FY2024. For the quarter, the company reported revenue of Rs 342.14 crore, up 33 percent YoY and net profit of Rs 27.11 crore, up 77 percent YoY. The company delivered 178 EVs compared to 142 delivered a year ago, an increase of 25 percent, with this the company has delivered 1,615 electric vehicles till date.
Furthermore, the company says the total number of bus orders on hand is 8,088 units.
