Olectra Greentech stock surges 6% after net profit jumps 156% YoY in Q2

The company posted a 153% increase in consolidated net profit to ₹48 crore, compared to ₹19 crore in the same period last year. In the June quarter, net profit was ₹24 crore. The e-vehicle division, which contributes 80% of the company’s revenue, jumped 75.21% YoY to ₹482 crore.