Olectra Greentech (532439) Q2 26/27 earnings summary

Executive summary

• H1 FY27 consolidated revenue was ₹1,26,251.78 lakh; EBITDA grew 22.7% to ₹18,279 lakh and PBT rose 5.1% to ₹10,742.85 lakh.

• Q2 revenue was ₹68,701.14 lakh, up 4.6% YoY; deliveries reached a quarterly high of 401 vehicles.

• Mobility profitability improved; energy-insulator margins weakened amid lower exports and product-mix pressure.

Financial highlights

• Q2 EBITDA was ₹10,989 lakh, up 18.2% YoY; margin increased to 16% from 14.2%.

• H1 consolidated PBT was ₹10,742.85 lakh vs ₹10,225.64 lakh; parent-attributable profit was ₹7,888.77 lakh, while standalone net profit was ₹7,411.62 lakh.

• H1 consolidated EPS was ₹9.61 vs ₹9.21; Q2 consolidated EPS was ₹6.45 vs ₹6.04.

• H1 EBITDA margin was 14.5% vs 14.8% a year earlier.

Segment performance

• Mobility H1 revenue grew 24.1% to ₹1,08,359.7 lakh; EBITDA rose 33.7% to ₹13,819.2 lakh and PBIT increased 31.9% to ₹11,170.5 lakh.

• Q2 Mobility revenue grew 1.3% to ₹58,897.1 lakh; EBITDA rose 27.6% to ₹8,475.3 lakh and margin reached 14.4% from 11.4%.

• Insulator H1 revenue grew 37.3% to ₹17,892.1 lakh; EBITDA declined 2.2% to ₹4,459.7 lakh and PBIT fell 4.5% to ₹4,136.2 lakh.

• Insulator Q2 revenue increased 30.1% to ₹9,804.1 lakh, while EBITDA fell 5.4% and margin declined to 25.6% from 35.3%.

• H1 energy export share fell to 13% from more than 40% in the prior year amid trade-related disruption.