In Quarterly Results of Q3 FY23–24, the company saw a significant surge in revenue, reaching Rs 342.14 crore, up by 33 per cent from the previous year, primarily driven by increased deliveries, with a total of 1615 electric vehicles delivered. The Profit After Tax (PAT) stood at Rs 27.11 crores, showing a substantial 77 per cent increase.

The stock gave multibagger returns of 112 per cent in just 1 year and over 1,900 per cent returns in 3 years.

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 83.86 per cent to Rs 1,090.76 crore and net profit increased by 87.60 per cent to Rs 64.25 crore in FY23 over FY22. Investors should keep an eye on this electric bus manufacturing company.

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Over the past five years, the company has exhibited an impressive compound annual growth rate (CAGR) of 49.1 per cent in terms of profit, reflecting a remarkable trajectory of profit growth.

According to the financials, Olectra has a market cap of Rs 7,459.50 crore. The company reported stellar quarterly results and annual results. The net sales increased by 83.86 per cent to Rs 1,090.76 crore and net profit increased by 87.60 per cent to Rs 64.25 crore in FY23 over FY22.

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