Olectra Greentech earnings calls.

Olectra Greentech reported Q3 FY26 with 29% revenue growth to Rs 663.66 croreCurrent 29% revenue growth to Rs 663.66 crore. Reported change: Industry Leading. and 37% volume growth to 385 vehiclesCurrent reported value: 37% volume growth to 385 vehicles. No comparable prior figure is available in the source record., but EBITDA margin compressed to 14.6Current reported value: 14.6. No comparable prior figure is available in the source record.% due to unfavorable product mix (9m buses and trucks). PAT remained flat YoY at Rs 46.7Current reported value: 46.7. No comparable prior figure is available in the source record. crore despite higher volumes, as depreciation and interest costs increased with new product introductions. The company maintained market leadership with 29% EV bus market share in Q3Current market leadership with 29% EV bus market share in Q3. Reported change: Industry Leading. and has 9,000+ pending ordersCurrent 9,000+ pending orders. Reported change: 2-2.5 Years Pipeline. providing 2-2.5 years of pipeline visibility. Management guided delivery of 1,500-2,000 vehicles for FY26 (vs 881 delivered in 9 months), with margin guidance stabilizing at 10-12% EBITDA as volumes scale—below current 14%+ levels. The BST Mumbai contract faces operational challenges around electricity consumption reconciliation, though no legal notice has been received. Management expects strong sequential Q4 performance while noting Q1-Q3 execution pace reflects ecosystem readiness constraints rather than supply-side limitations.