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Olectra Greentech Q2 results: profit up 5% to ₹52 cr

Reported by: BusinessLine ·

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Olectra Greentech

Summary

BusinessLine reported that Olectra Greentech's net profit for Q2 rose 5% to ₹52 crore, and that the company delivered 401 electric vehicles during the quarter. Q2 is the July to September quarter, the second quarter of India's financial year. Net profit is what is left after all costs and tax. The 5% rise is a year-on-year change, meaning compared with the same quarter last year, though the report did not give the earlier profit figure. Olectra Greentech makes electric buses and other electric vehicles, so the 401 deliveries are the number of vehicles handed over to buyers in those three months. The report gave no revenue figure or comparison with the same quarter last year.

AI summary of what BusinessLine reported. AI can make mistakes. Read the full story on BusinessLine

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BusinessLine  · · Tone +1

Olectra Greentech Q2 results: profit up 5% to ₹52 cr

The company delivered 401 electric vehicles during the quarter.

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

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