Olectra Q1FY23 net profit jumps ninefold; delivers 169 e-buses in Q1
Olectra Q1FY23 net profit jumps ninefold; delivers 169 e-buses in Q1

Olectra Q1FY23 net profit jumps ninefold; delivers 169 e-buses in Q1

The stock has more than doubled in the last one year

Karan Dsij Article rating: 3.8

The e-bus division has recorded a revenue of Rs 279.4 crore for the quarter ended June 30, 2022, against Rs 23.4 crore for the corresponding quarter ended June 30, 2021, resulting in significant growth of 1,096 per cent mainly due to the supply of electric buses (169 buses in Q1 22-23 against only 11 buses in Q1 2022-23) and higher operating income recorded in the current quarter from Pune bus operations.  

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