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Olectra Greentech Q4 PAT up 94 per cent

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Our Bureau |

Hyderabad, Can even fair 2
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Up so some distance on:

Can even fair 02, 2022

Registers earnings of ₹268 crore

Olectra Greentech Ltd, an arm of the MEIL community, posted web earnings of ₹17.46 crore for the fourth quarter ended March 31, against ₹9 crore in the the same quarter final year, a enhance of 94 per cent.

The firm registered earnings of ₹268 crore in the quarter against ₹145 crore in the the same quarter final year, an build bigger of 85 per cent.

The expansion in earnings change into once attributed to a fascinating build bigger in sales of electrical buses. It offered 127 buses in the quarter as against 68 in the similar quarter final year.

For the monetary year 2021-22, the corporate registered a web earnings of ₹35.69 crore (₹12.20 crore) on a earnings of ₹585.4 crore (₹277.2 crore).

“We offered 259 buses in the year as against 88 buses that we offered final year,” a company assertion said on Monday.

The board has suggested a closing dividend of 10 per cent(₹0.40) on a section of ₹4.00 every.

Fresh merchandise

“We devour carried out the novel product create and trials of the heavy-responsibility tipper. This would be launched in the market. As soon as the novel, fully automatic, robotic manufacturing plant is ready, we would be in a space to begin novel merchandise into the market,” Good adequate V Pradeep, Chairman and Managing Director, said.

The 22-year-ragged company launched electrical buses in 2015. It moreover manufactures silicone rubber/composite insulators for energy transmission and distribution networks.

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