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.
DSIJ offers a service 'Multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Related articles
-
Rs 3,000 million order book: This multibagger company received prototype approval for the manufacturing of high-pressure TYPE-IV composite cylinders for hydrogen from PESO
-
Rs 9,626.3 crore order book: This multibagger civil construction company enters into solar energy and green hydrogen energy; details inside
-
Tata's order: Leading small-cap multibagger in power generation equipment market secures order for turbine generator from Tata group company!
-
CM Yogi Adityanath inaugurated the green mobility plant set by renowned Auto sector giant; Click to find out!
-
Rs 1,000 crore order book: This multibagger small-cap company and Matrix Gas & Renewable Ltd consortium win PLI bid for hydrogen electrolyser manufacturing – know more here!
-
Multibagger solar stock hits back-to-back upper circuits: Bonus and rights issue likely; watch out!
-
Back-to-back 13 upper circuit: Arun Mukherjee gains Rs 15,92,250 in this multibagger micro-cap; two mega bulk deals recently!
-
Multiyear breakout candidate: This small-cap can offer an upswing of 60 percent; watch out!
-
LIC-backed stock to open 5-star hotel in Ayodhya; aims to record PBT of Rs 250 crore in FY24!
-
Solar rooftop penny stock: Rights issue ratio of 4:1; Rejected applications, Promoters come to the rescue!
-
Is this Hinduja Group stock ready for a Tata Motors-like move after its Q3 earnings? It registered double-digit EBITDA and achieved a historic high in commercial vehicle (CV) volume!
-
56,000 per cent returns and outperformed Suzlon: Renewable energy stock hits back-to-back Upper circuits; Receives mega order of Rs 547.5 crore!
-
Big Railway Order: Rs 124,90,58,743 received by this PSU multibagger stock; the company expects the order inflow to double!
-
From Zero to FIIs' Favourite: Multibagger small-cap defence stock with 4000 per cent gains and order worth Rs. 1,31,12,29,662- watch out as it prepares to report earnings!
-
Grand order: Rolls-Royce and company sign a contract to supply complex components for military aircraft engines!
-
Rs 57 crore order from Oil India: Micro-cap stock with high dividend yield trades below its Book value – keep an eye out!
-
Ashish Kacholia's micro-cap multibagger stock is set to move out of the ESM category; don't miss the action on Monday!
-
Bonus 1:1 and stock split in a ratio of 1:10: Add this small-cap multibagger to your watchlist!
-
NSE Investments-backed stock increases its stake in ONDC: A proxy play for ONDC growth- A must-add to your watchlist!
-
Penny stock below Rs 5 hits upper circuit: Gujarat-based company announces a strategic acquisition of a vessel and reports record profits!