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Revenue from operations tumbled 23.1% year on year (YoY) to Rs 216.02 crore in the quarter ended 30 June 2023.
Profit before tax stood at Rs 25.26 crore in Q1 FY24, up 10.4% YoY from Rs 22.89 crore in Q1 FY23.
During the quarter, the company's revenue from e-bus division stood at 182.32 crore (up 33.39% YoY), insulator division stood at Rs 29.65 crore (up 17.38% YoY), e- truck division revenue was at 4.05 crore.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
The scrip tumbled 4.69% to Rs 1,083.55 on the BSE.
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