Over 1000 per cent jump: EV stock expects to double turnover every 2 years; targeting big numbers for FY24-25!

Particular focus on the trail of Hydrogen buses, signaling its commitment to innovation and sustainable transportation solutions.

Conference calls serve as vital channels of communication between companies and investors, particularly during earnings seasons when top management addresses stakeholders. Analysts and investors rely on these calls to gain deeper insights into financial results and to seek clarification on various aspects such as additional revenue streams, exceptional expenses, asset sales, and more, in order to decipher their implications.

One of the most eagerly anticipated aspects of these calls is future guidance, which provides a roadmap for the company's future business trajectory and earnings potential.

In this article, we delve into the remarkable performance of Olectra Greentech, a stock that has captured the attention of the investment community with its astonishing growth. Over the past three years, Olectra Greentech has delivered extraordinary returns, surpassing the 1000 per cent mark. In the last year alone, the stock surged by an impressive 330.15 per cent, solidifying its status as a multibagger.

On Friday, the stock reached a fresh 52-week high of Rs 2,048, closing at Rs 1,999.75 per share on the NSE, marking a gain of Rs 119.95 or 6.38 per cent.

During the recent conference call, several key highlights emerged. Olectra Greentech disclosed a robust net order book for electric buses, totaling 8,088 units, with significant demand continuing, including orders from MSRTC for 5,150 buses.

Financially, the company demonstrated impressive performance in Quarter 3 of Financial Year ‘24, with EBITDA reaching Rs. 56.10 crores, reflecting a substantial 52 per cent increase over the previous year. Profit Before Tax (PBT) surged to Rs. 33.84 crores, marking a remarkable 65 per cent increase compared to the previous fiscal year's Rs. 20.46 crores, while Profit After Tax (PAT) stood at Rs. 27.11 crores, representing a notable 77 per cent jump from Rs. 15.3 crores.

One of the most intriguing revelations from the call was the company's ambitious goal to double its turnover every two years. Additionally, Olectra Greentech outlined its targets for FY24-25, with a particular focus on the trail of Hydrogen buses, signaling its commitment to innovation and sustainable transportation solutions.

Overall, the insights gleaned from the conference call underscore Olectra Greentech's strong performance, promising outlook, and strategic initiatives, positioning it as a compelling investment opportunity in the evolving landscape of green technology and sustainable mobility.

Disclaimer: The article is for informational purposes only and not investment advice.