Q2 2025 Olectra Greentech Ltd Earnings Call Transcript
Key Points
- Olectra Greentech Ltd (BOM:532439) achieved its highest ever quarterly revenue and profit after tax, with a 70% growth in revenue compared to the same quarter last year.
- The company delivered 315 electric buses in Q2 FY25 and has a strong order book of 10,503 buses, indicating robust demand.
- Olectra Greentech Ltd is expanding its manufacturing capacity with a new state-of-the-art plant, which is partially operational and contributing to current production.
- The company is targeting to deliver 1,500 buses in FY25 and plans to increase production to 4,000-5,000 buses in the next financial year.
- Olectra Greentech Ltd is working on localization efforts to reduce costs and improve margins, which are currently at 15.6% for the quarter.
- The company's receivables are high, currently at about five months, although efforts are being made to reduce this.
- There is uncertainty regarding the delivery of 5,000 buses by March 2025, with conservative estimates suggesting lower numbers.
- Olectra Greentech Ltd faces challenges in the competitive tendering process, as seen in the Chennai bus tender where they were not successful.
- The insulator business is growing slowly compared to the electric bus segment, with no current plans to demerge it.
- The company is dependent on foreign technology for certain components, which could pose risks given geopolitical tensions.
Ladies gentlemen, good day and welcome to Electra in Tech Limited Q2 FY25 investor conference call hosted by Access Capital Limited.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded. I now hand the conference over to Mr Amar Kanka.
Go from access capital Limited. Thank you and over to you, sir.
Thank you, Neha.
Good evening, everyone on behalf of access capital. I welcome you to the.
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