{"id":85794,"date":"2023-01-25T18:02:00","date_gmt":"2023-01-25T12:32:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=85794"},"modified":"2023-01-25T17:58:01","modified_gmt":"2023-01-25T12:28:01","slug":"biz-results-olectra-greentech-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-olectra-greentech-2\/","title":{"rendered":"Olectra Greentech Q3 Results: Net profit rises 4% to Rs 13 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3975801090\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Electric mobility company Olectra Greentech on Wednesday reported a 4 per cent increase in its net profit to Rs 13 crore for the December quarter, mainly on the back of higher revenues.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3143489520\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Olectra had reported a net profit of Rs 12.5 crore in the quarter ended December 31, 2021, the company said in a statement.<\/p>\n<p>Its total recorded revenue from operations in the quarter rose to Rs 248.6 crore from Rs 207.1 crore a year ago.<\/p>\n<p>According to the statement, this significant revenue growth of 20 per cent in the third quarter of FY22-23 is mainly due to the supply of 142 electric buses against 103 buses delivered in the corresponding quarter ended December 2021.<\/p><div class=\"trade-content_5\" id=\"trade-3400777153\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>KV Pradeep, Chairman and Managing Director of the company, said, &#8220;Over the last few quarters, despite the supply chain disruptions witnessed across the globe, we have continued to demonstrate strong business performance, which has resulted in sustainable revenue and margin growth&#8221;.<\/p>\n<p>Olectra Greentech is a group company of Megha Engineering &amp; Infrastructures Limited (MEIL).<\/p>\n<p>Established in 2000, Olectra manufactures electric buses in India. PTI BKS BKS BAL BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3904577885\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Electric mobility company Olectra Greentech on Wednesday reported a 4 per cent increase in its net profit to Rs 13 crore for the December quarter, mainly on the back of higher revenues. Olectra had reported a net profit of Rs 12.5 crore in the quarter ended December 31, 2021, the company said in a statement. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-85794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Olectra Greentech Q3 Results: Net profit rises 4% to Rs 13 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-olectra-greentech-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olectra Greentech Q3 Results: Net profit rises 4% to Rs 13 cr\" \/>\n<meta property=\"og:description\" content=\"Electric mobility company Olectra Greentech on Wednesday reported a 4 per cent increase in its net profit to Rs 13 crore for the December quarter, mainly on the back of higher revenues. 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