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Olectra Greentech Posts Rs. 5,086.70 lakh Net Profit in Q2 FY2026 and Approves Rs. 34,000 Sale of 34% Stake in Associate

The company reported un-audited financials for September 30, 2026 and plans disinvestment in Evey Trans (UJJ) Private Limited to Evey Trans Private Limited under related party terms

Olectra Greentech Limited announced its un-audited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026, reporting a standalone net profit of Rs. 5,086.70 lakh for Q2 and Rs. 7,406.13 lakh for H1. The company also approved the sale of its entire 34% equity stake in associate company Evey Trans (UJJ) Private Limited to Evey Trans Private Limited for Rs. 34,000, a related party transaction expected to complete within three months.

11 hours ago|OLECTRA+0.00%
Olectra Greentech Limited532439OLECTRAFinancial Results

Olectra Greentech Limited

Financial Results

Olectra Greentech Limited reported un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026, including a Q2 net profit after tax of Rs. 5,086.70 lakh. The company also approved the sale of its entire 34% equity stake in its associate, Evey Trans (UJJ) Private Limited, to the 66% shareholder Evey Trans Private Limited for Rs. 34,000, with the transaction expected to complete within three months.

For the quarter ended September 30, 2026, Olectra Greentech reported revenue from operations of Rs. 67,737.31 lakh and a net profit after tax of Rs. 5,086.70 lakh on a standalone basis. For the half year ended September 30, 2026, revenue totaled Rs. 1,24,401.71 lakh, with a net profit after tax of Rs. 7,406.13 lakh.

The Board approved selling the company’s entire 34% stake in associate company Evey Trans (UJJ) Private Limited to Evey Trans Private Limited, which currently holds the remaining 66% stake. This related party transaction will be executed at arm’s length for Rs. 34,000 and is expected to conclude within three months.

Evey Trans Private Limited and Olectra Greentech Limited are both under common control of MEIL Holdings Limited, the promoter of Olectra Greentech.

The un-audited financial results were reviewed and approved by the Board on November 9, 2026, accompanied by Limited Review Reports from statutory auditors providing unqualified opinions.

Highlights

  • Standalone net profit after tax for Q2 FY2026 stood at Rs. 5,086.70 lakh.
  • Half year FY2026 net profit after tax amounted to Rs. 7,406.13 lakh on standalone basis.
  • Revenue from operations was Rs. 67,737.31 lakh in Q2 and Rs. 1,24,401.71 lakh in H1 FY2026.
  • Board approved sale of entire 34% stake in associate company Evey Trans (UJJ) Private Limited for Rs. 34,000.
  • The buyer, Evey Trans Private Limited, holds 66% stake and both companies share promoter control under MEIL Holdings Limited.
  • Transaction is related party, executed at arm’s length, and expected to complete within three months.

Key Data Snapshot

Standalone net profit after tax for Q2 ended September 30, 2026Rs. 5,086.70 lakh
Standalone net profit after tax for half year ended September 30, 2026Rs. 7,406.13 lakh
Standalone revenue from operations for Q2 ended September 30, 2026Rs. 67,737.31 lakh
Standalone revenue from operations for half year ended September 30, 2026Rs. 1,24,401.71 lakh
Equity stake approved for sale in Evey Trans (UJJ) Private Limited34%
Sale consideration for 34% stake in Evey Trans (UJJ) Private LimitedRs. 34,000
Expected completion timeline for stake saleWithin three months

What happened

  • Olectra Greentech approved un-audited standalone and consolidated financial results for Q2 and half year ended September 30, 2026.
  • The Board approved sale of company's entire 34% stake in associate Evey Trans (UJJ) Private Limited to Evey Trans Private Limited for Rs. 34,000.
  • The sale is a related party transaction carried out at arm’s length.
  • Transaction is expected to complete within three months from November 9, 2026.

Key details

  • Q2 standalone revenue from operations totaled Rs. 67,737.31 lakh, with net profit of Rs. 5,086.70 lakh after tax.
  • Half year standalone revenue was Rs. 1,24,401.71 lakh, with net profit after tax of Rs. 7,406.13 lakh.
  • Both Evey Trans (UJJ) Private Limited and Evey Trans Private Limited are under common promoter control via MEIL Holdings Limited.
  • Limited Review Reports from statutory auditors for the financial results were unqualified.

Regulatory and governance context

  • The transaction complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
  • Disclosure made as per Regulation 30 and 33 regarding board meeting outcome and financial results.
  • Related party nature of transaction disclosed per SEBI Circulars dated July 13, 2023 and January 30, 2026.

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Olectra Greentech Posts Rs. 5,086.70 lakh Net Profit in | Stockk News