Stock Analysis

Olectra Greentech Full Year 2024 Earnings: Misses Expectations

Simply Wall St

April 27, 2024

Olectra Greentech (NSE:OLECTRA) Full Year 2024 Results

Key Financial Results

Revenue: ₹11.7b (up 6.9% from FY 2023).
Net income: ₹768.3m (up 17% from FY 2023).
Profit margin: 6.6% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₹9.36 (up from ₹7.99 in FY 2023).

earnings-and-revenue-growth — NSEI:OLECTRA Earnings and Revenue Growth April 27th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Olectra Greentech Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in India.

Performance of the Indian Electrical industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Olectra Greentech's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.