Olectra Greentech zooms on reporting 72% jump in Q3 consolidated net profit
Olectra Greentech is currently trading at Rs. 1471.35, up by 146.20 points or 11.03% from its previous closing of Rs. 1325.15 on the BSE.
The scrip opened at Rs. 1373.95 and has touched a high and low of Rs. 1507.05 and Rs. 1355.00 respectively. So far 93567 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 2222.00 on 22-Feb-2024 and a 52 week low of Rs. 1240.00 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1507.05 and Rs. 1245.00 respectively. The current market cap of the company is Rs. 12255.47 crore.
The promoters holding in the company stood at 50.02%, while Institutions and Non-Institutions held 5.99 % and 44.00 % respectively.
Olectra Greentech has reported two-fold jump in its net profit at Rs 46.31 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 22.28 crore for the same quarter in the previous year. Total income of the company increased by 51.97% at Rs 508.57 crore for Q3FY25 as compared to Rs 334.66 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 71.95% rise in its net profit at Rs 46.62 crore for the quarter ended December 31, 2024, as compared to Rs 27.11 crore for the same quarter in the previous year. Total income of the company increased by 50.18% at Rs 517.59 crore for Q3FY25 as compared to Rs 344.66 crore for the corresponding quarter previous year.
