Olectra Greentech Share Price Rebounds 7% Amid ₹1,800 Crore Electric Bus Order

Olectra Greentech Shares Rebound 7.3% on Significant Order Win

Key Highlights

• ₹1,053.50: Olectra Greentech shares rebounded to this level after the company announced a significant order win.
• ₹1,800 crore: The order for the supply and maintenance of 1,085 electric buses is worth this amount.
• 12 years: The contract period for the supply and maintenance of these buses is 12 years.

Order Win

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Olectra Greentech's associate, Evey Trans Private Limited, has received two Letters of Award (LOAs) from Telangana State Road Transport Corporation (TGSRTC) for the supply, operation, and maintenance of 1,085 electric buses. The order comprises 1,025 (12-meter non-AC) buses and 60 (12-meter AC) buses for intra-city operations. The buses will be delivered over a period of 20 months.

Contract Details

The order operates under a Gross Cost Contract (GCC) model, also known as the OPEX model, which ensures a long-term partnership between Olectra Greentech and TGSRTC, covering both supply and maintenance services. The contract period is 12 years, and the company will undertake the maintenance of these buses during this period.

Financial Performance

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In its December quarter performance, Olectra Greentech reported a consolidated net profit of ₹47 crore, impacted by a 31% year-on-year increase in operating expenses to ₹570 crore. Revenue from operations during the reporting quarter stood at ₹664 crore, higher than ₹515 crore in the year-ago quarter. EBITDA came in at ₹93 crore, up from ₹79 crore, with margins expanding marginally by 100 basis points year-on-year to 14%.

Share Price Trend

The company's shares have been under pressure over the last four months, losing a cumulative 30%. This has propelled the Olectra Greentech share price to trade 51% lower than its record high of ₹2,221 apiece, attained in February 2024. In terms of yearly performance, the Olectra Greentech share price delivered a negative return of 17.11% in 2025, and in the current year so far, the stock is down by another 13%.