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Profit before tax increased 45.2% to Rs 35.06 crore in quarter ended 31 March 2023 as compared with Rs 24.15 crore in corresponding quarter last year.
During the quarter, the company's revenue from insulator division stood at Rs 47.26 crore (up 12.2% YoY), e-bus division stood at 305.70 crore (up 33.39% YoY), e- truck division was at 22.95 crore during the quarter 31st March 2023, the parent company has started to sell electric tippers and accordingly the same is reported under new segment e-truck division.
On full year basis, the company's net profit jumped 85.5% to Rs 65.59 crore on 83.9% increase in revenue from operations to Rs 1,090.76 crore in FY23 over FY22.
The board has recommended the final dividend of Rs 4 per equity share for FY23.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
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