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Olectra Greentech Ltd Q2FY24; 171% rise in Profits

Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad.

Financial Results:

  • Olectra Greentech Ltd reported Revenues for Q2FY24 of ₹307.00 Crores up from ₹177.00 Crore year on year, a rise of 73.45%.
  • Total Expenses for Q2FY24 of ₹286.00 Crores up from ₹172.00 Crores year on year, a rise of 66.28%.
  • Consolidated Net Profit of ₹19.00 Crores up 171.43% from ₹7.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.20, up 139.13% from ₹0.92 in the same quarter of the previous year.
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