Bus stocks Olectra Greentech vs JBM Auto: Check order book and Q1 FY26 financials
Olectra Greentech and JBM Auto are two major electric bus companies. Predictably the two companies are racing against one another. Both companies have published the financial results pertaining to Q1FY26.
Kolkata: Electric mobility is the flavor of the season. The government is pulling out all stops to encourage the spread of green mobility with programmes such as PM e-Bus service driving the needs of urban public transportation. Olectra Greentech and JBM Auto are two companies that are active in this growing market. Let's have a look at these two stocks, the financial results pertaining to Q1FY26 and the stock performance.
Olectra Greentech
Olectra Greentech is a 25 year old company. It makes electric buses and was one of the first companies in India to launch electric buses. The market value of the company is Rs 13,180.11 crore. On October 6, the stock closed at Rs 1,561.90, up Rs 16.80 (or 1.09%). The stock has generated about 55.85% return in the past six months.
Olectra Greentech order book
It has made more than 2,800 electric buses and has orders in hand to make more than 10,000 of these vehicle. Its busses run on public transport networks of Mumbai (BEST), Pune (PMPML), and Karnataka (KSRTC). The company's Hyderabad plant can assemble 5,000 buses a year and the capacity can be doubled. Olectra Greentech has a bouquet of 135 bus models, which features vehicles of sizes 7 meter, 9 meter and 12 meter. These can run 150 km to 350 km on a single charge. Olectra Greentech has struck a technology agreement with BYD of China which is the largest electric bus manufacturer in the world.
Olectra Greentech Q1FY26 performance
On a quarterly basis, the company had a lackluster result on different parameters. The company's income decline from Rs 449 crore to Rs 347 crore by 22.7%. Operating profit went down by 11.1% -- Rs 54 crore to Rs 48 crore, while PBT rose 17.2% -- Rs 29 crore to Rs 34 crore. Net profit too rose from Rs 21 crore to Rs 26 crore -- jump of 23.8%.
JBM Auto
JBM Auto is a manufacturer of automotive parts, tools, dies, molds, and buses. The company has a market value of about Rs 14,649.64 crore. On October 6, the stock was trading at Rs 678.00, down Rs 4.80 (or 0.70%) at close of the session. The company's shares have generated 33.90% return in the past six months.
JBM Auto order book
More than 2,500 busses made by this company are plying on the roads. It has orders of 11,000 electric buses in hand. The factory can make as many as 20,000 busses in a year. JBM Auto can boast of 10 platforms, 18 models, and 23 variants of electric busses, which are fit for differnet kind of usage. JBM launched its electric bus, ECOLIFE, in Europe in June this year. The company's new headquarters are in Frankfurt, and it will be easy for it to service the requirements in Europe from there. It has got orders to supply 2,411 buses under the PM e-Bus service. It also has for funding of $100 million from ADB and AIIB for 575 buses. JBM has a huge manufacturing base -- as many as 19 manufacturing units, 3,000 robots, and 6 GWh of battery production capacity. The company is also spreading in West Asia, Africa, Singapore, and Asia-Pacific.
JBM Auto Q1FY26 performance
The income of JBM Auto dipped 23.8% from Rs 1646 crore to Rs 1254 crore (on a q-o-q basis). Operating profit went down even more steeply by 35.1% -- from Rs 185 crore to Rs 120 crore. PBT and PAt went down too. PBT dipped 43.3% (from Rs 90 crore to Rs 51 crore) and PAT by 45.8% (from Rs 72 crore to Rs 39 crore).
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