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The company stated that the effective date of his resignation will be communicated in due course.
Olectra Greentech is engaged in the manufacturing of composite polymer insulators, electric buses, and electric trucks.
The company’s consolidated net profit slipped 55.62% to Rs 20.69 crore in Q4 FY25, compared with Rs 46.62 crore in Q3 FY25. Revenue from operations declined 12.89% QoQ to Rs 448.92 crore in Q4 FY25.
Shares of Olectra Greentech rose 0.43% to Rs 1,227.30 on the BSE.
For the full year,net profit rose 80.78% to Rs 138.89 crore in the year ended March 2025 as against Rs 76.83 crore during the previous year ended March 2024. Sales rose 56.12% to Rs 1801.90 crore in the year ended March 2025 as against Rs 1154.14 crore during the previous year ended March 2024.