Shares of Olectra Greentech rose 12.8% to a high of Rs 1,740 in intra-day trading on Tuesday, a day after the company reported strong Q1 profits.
Olectra Greentech was trading nearly 9% higher at Rs 1,677 at 2:00 PM. Compared to the two-week average volume of about 0.53 lakh shares on the BSE, the counter had seen trades of about 4.58 lakh shares on the BSE. In comparison, the BSE Sensex dropped 440 points, or 0.5%, to close at 79,205.
In comparison to the RS 18.07 crore recorded in the June quarter of the previous year, Olectra reported a 34.2% increase in consolidated net profit of Rs 24.25 crore for the quarter ending June 2025.
From Rs 217.22 crore in Q1FY23 to Rs 317 crore in Q1FY25, the total income increased by 45.9% YoY.
Additionally, the board of the company decided on August 12, 2024, to re-appoint Venkateswara Pradeep Karumuru as managing director of the company. This appointment will take effect on July 29, 2024, and will last for three years.
As of 2:05 pm, Olectra Greentech shares were trading 8.23% higher at Rs 1,670.00 on the NSE.
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