FY25: Electric Bus Maker Olectra Reports 77% Surge In Profit

FY25: Electric Bus Maker Olectra Reports 77% Surge In Profit

Electric bus manufacturer Olectra GreenTech Ltd. has reported a strong financial performance for the fiscal year ending March 2025, marked by significant year-on-year (YoY) growth across key financial metrics.

According to the company’s latest financial disclosures submitted before the exchanges, its revenue from operations rose to ₹1,801.89 crore in FY25, up from ₹1,154.13 crore in FY24—an increase of ₹647.76 crore or 56.13%. The impressive growth reflects robust demand for the company’s electric buses amid a nationwide push for sustainable urban mobility.

48.95% Increase in EBITDA 

Profit Before Tax (PBT) surged by 77.62% to ₹187.88 crore, compared to ₹105.77 crore in the previous fiscal. Net profit also jumped sharply to ₹139.21 crore, marking a 76.99% increase from ₹78.65 crore in FY24.

On the operational front, EBITDA stood at ₹276.32 crore, a growth of 48.95% over the previous year’s figure of ₹185.51 crore, showcasing the company’s improved cost efficiencies and margin expansion.

Other key highlights include:

Finance cost rose by 18.81% to ₹51.15 crore, likely due to increased capital expenditure or debt servicing. Depreciation & amortization remained largely stable with a slight increase of 1.65%, reaching ₹37.28 crore.

Olectra’s growth aligns with India’s accelerating transition to electric public transport. The company continues to win large state transport contracts and is expected to expand its production capacity further in FY26.

Consistent Orders From States 

The company bolstered its presence in India’s electric bus market by securing major supply orders, including a high-profile contract for 327 electric buses for Himachal Road Transport Corporation (HRTC). It also deepened its strategic partnership with BYD India, placing an order for 2,325 electric bus chassis, including models like the K9, C9, and K7, aimed at expanding its EV product offerings. Olectra also maintained a strong market position, capturing 17% of India’s electric bus market in 2024, as per Vahan registration data.