Hyderabad: Olectra Greentech Limited, a prominent electric vehicle (EV) manufacturer and part of the Megha Engineering & Infrastructures group, announced a substantial increase in its financial performance for the quarter ended March 31, 2025. The company's profit after tax (PAT) surged by 39% to Rs 20.69 crore, compared to Rs 14.89 crore in the same period last year.
This growth was backed by a 55% rise in revenue, which reached Rs 448.92 crore in Q4FY25. The revenue boost was driven by a significant 67% increase in EV deliveries during the quarter, with 219 units delivered, up from 131 in Q4FY24. Since inception, Olectra has delivered a total of 2,718 EVs and currently holds orders for 10,022 buses.
For the full fiscal year 2024-25, the company recorded a 77% increase in PAT to Rs 139 crore, up from Rs 78.65 crore in FY24. Revenues also climbed 56% to Rs 1,802 crore.
KV Pradeep, Chairman and Managing Director of Olectra Greentech, emphasized the ongoing efforts to scale up manufacturing capacities and improve technological prowess. Notably, the company showcased its new Blade Battery technology at the Bharat Mobility Global Expo 2025. Pradeep highlighted, "This innovative battery features advanced design and superior energy density, delivering longer range and faster charging capabilities, thereby enhancing performance, safety, and reliability of our electric vehicles."
Olectra Greentech’s strong growth reflects its commitment to expanding India’s electric mobility infrastructure, positioning the company as a key player in the evolving EV market.
