Olectra Greentech shares jumped more than 5% in morning trade after the company reported solid Q2 FY25 results.
Olectra Greentech reported a 66.8% YoY growth in revenue to ₹523.67 crore from ₹307.16 crore in the second quarter of FY24. Revenue increased by 66.7%, from ₹313.94 crore in Q1 FY25.
The company’s net profit increased by 156.5% year on year to ₹47.65 crore, up from ₹18.58 crore in Q2 FY24. In QoQ, net profit jumped by 96.5% from ₹24.25 crore in the previous quarter.
In Q2 FY25, Olectra Greentech’s EBITDA increased by 100% year on year to ₹81.2 crore, up from ₹40.6 crore in Q2 FY24.
As of 9:16 am, Olectra Greentech shares were trading 5.42% higher at Rs 1,707.25 on the NSE.
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