EV maker Olectra Greentech posts 39% jump in Q4FY24 PAT
EV maker Olectra Greentech posts 39% jump in Q4FY24 PAT
HYDERABAD:
Electric vehicles
(EV) manufacturer Olectra Greentech Limited (OGL), which is a part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax (PAT) for the fourth quarter ended March 31, 2025, at Rs 20.69 crore compared to Rs 14.89 crore in the corresponding quarter of the previous fiscal year.
This was on a 55% rise in revenue for Q4FY25 at Rs 448.92 crore. The company attributed the surge in revenue to a 67% jump in deliveries during the quarter at 219 EVs as against 131 EVs delivered during Q4FY24. The company has delivered 2,718 EVs to date and has orders of 10,022 buses on hand.
For the year ended March 31, 2025, the company clocked a 77% jump in PAT at Rs 139 crore from Rs 78.65 crore in FY24. This was on a 56% rise in revenues at Rs 1802 crore in FY25.
Olectra Greentech Limited Chairman & Managing Director KV Pradeep said the company continues to focus on increasing its manufacturing capacities and enhancing technology capabilities, as part of which the company unveiled the Blade Battery technology at the Bharat Mobility Global Expo 2025. "With its cutting-edge design and exceptional energy density, the Blade Battery promises not only longer ranges but also faster charging time, enhancing performance, safety, and reliability," he said.
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