Good results, though topline slightly lower compared to Q2
Result link:
Insulator division contributed higher profit and topline compared to previous quarter and it is a silent revenue earner too.
As of now valuation cooled down to 85.4 PE, PB of 11.5 and market cap of 11,243 Cr. crores (down 15-17 % from previous quarter.
Delivery numbers: Number of buses delivered in Q3 is 282 (high value orders) and they are targetting to deliver 400+ buses in Q4 to achieve 1200+ numbers. Total delivered so far - 2440+ buses, highest in India. Thats 1/3rd of total of this year should come by this quarter. Current capacity is 200 buses per month, but optimisation is going to reach this optimum capacity.
Kms driven crossed 30 crore KMs from 28 crore KM. approx 5% of topline is AMC revenue and that will keep on growing based on KMs driven.
Other details - you can listen to conference call recording at https://olectra.com/wp-content/uploads/10029719.mp3
Disc: Invested about 2% of PF in Olectra and 1.8% in JBM. Both 6-7% higher than today’s closing price. Though EV plays less role, about 1.1% invested in Tata Motors at 10% higher than today’s close.