Latest News | Olectra Greentech S PAT at Rs 5.65 Cr in Q1; Order on Hand for 1,325 E-Buses

Hyderabad, July 29 (PTI) Olectra Greentech Ltd (OGL) reported Rs 5.65 crore profit after tax for the quarter ended June 30 against Rs 3.62 crore loss during the same quarter in FY21.

OGL, in a press release said it recorded Rs 41.15 crore revenue during the quarter under discussion against Rs 22.15 crore in the first quarter of the last fiscal.

The company also has a healthy order book for 1325 E- Buses, out of which 87 are already delivered.

For another 300 Electric Buses, the company has been declared as least quoted bidder and expecting the letters of award, OGL said.

Many other tenders for Electric Busses are under evaluation stage, wherein the company and its associate company have participated, it said.

Meanwhile, the company appointedVenkateswara Pradeep Karumuru a Non-Executive Director of the Company as Managing Director with effect from July 29.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)