Q1 2025 Olectra Greentech Ltd Earnings Call Transcript
Key Points
- Olectra Greentech Ltd (BOM:532439) reported a 45% increase in consolidated revenue for Q1 FY25, reaching INR313.9 crores.
- The company's EBITDA for Q1 FY25 grew by 22% to INR50.5 crores compared to the same quarter last year.
- Olectra Greentech Ltd (BOM:532439) has a strong order book of 10,818 electric buses, indicating robust demand.
- The company has transitioned to a new state-of-the-art plant at Seetharampur, which is expected to enhance production capacity.
- Olectra Greentech Ltd (BOM:532439) aims to increase its production capacity to 5,000 buses per year by the end of FY25, with plans to scale up to 10,000 buses in the future.
- The company delivered only 156 electric buses in Q1 FY25, which is significantly lower than the annual target of 2,000 buses.
- No electric tippers were delivered in Q1 FY25, despite having an order book for 41 tippers.
- There are concerns about the company's ability to meet its ambitious production targets, given past underperformance.
- The company faces potential risks from delays in tender processes and the need for timely delivery to avoid penalties.
- Olectra Greentech Ltd (BOM:532439) has taken on significant debt to finance its new plant, which could impact financial stability if not managed properly.
Ladies and gentlemen, good day, and welcome to the Olectra Greentech Q1 FY25 earnings conference call hosted by Axis Capital Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amar Kant Gaur of Axis Capital. Thank you, and over to you, Mr. Gaur.
Thank you, Siddanth. Good evening, everyone. On behalf of Axis Capital, I welcome you to the Q1 FY25 post results conference call of Olectra Greentech. From the management team, we have with us Mr. B. Sharat Chandra, CFO; and Mr. P. Hanuman Prasad, Company Secretary and Compliance Officer; along with teams mates from finance and strategy.
I will now hand over the call to Mr. Sharat Chandra for his opening remarks, post which we can have the Q&A. Over to you, Mr. Sharat Chandra.
Thank you, Amar. Good evening, everyone. Thank you all for joining in for the earnings call for Q1
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