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Time of India
3 days ago
- Automotive
- Time of India
EV maker Olectra Greentech Q4 PAT up 39%
Electric vehicles (EV) manufacturer Olectra Greentech Limited (OGL), part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax ( PAT ) for the fourth quarter, at ₹20.69 crore compared to ₹14.89 crore in the corresponding quarter of the previous fiscal year. This was on a 55% rise in revenue for Q4FY25 at ₹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. Till March 31, the company clocked a 77% jump in PAT at ₹139 crore from ₹78.65 crore in FY24. This was on a 56% rise in revenues at ₹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.
Time of India
3 days ago
- Automotive
- Time of India
EV maker Olectra Greentech Q4 PAT up 39%
Hyderabad: Electric vehicles (EV) manufacturer Olectra Greentech Limited (OGL), part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax (PAT) for the fourth quarter, 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. Till March 31, 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.
Time of India
26-05-2025
- Automotive
- Time of India
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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
26-04-2025
- Business
- Hans India
Olectra Greentech unveils high-strength GFRP Rebar
Hyderabad: In a major technological breakthrough for the infrastructure sector, Olectra Greentech Limited, a pioneer in electric mobility solutions in India, has launched its cutting-edge GFRP Rebar (Glass Fiber Reinforced Polymer Rebar) during the prestigious MEIL Budget Meet. This innovation marks a paradigm shift in concrete reinforcement, offering unmatched strength, durability, and sustainability. The revolutionary GFRP Rebar was officially launched by MEIL Managing Director P V Krishna Reddy, in the presence of Olectra CMD KV Pradeep, MEIL Group Directors CH Subbiah and B Srinivas Reddy. 'We are very happy to launch this revolutionary product, marking Olectra's official entry into the construction industry. With its superior advantages, GFRP Rebar not only ensures cost savings and low maintenance but also significantly improves the lifespan of structures. Its applications range from industrial flooring to pavements and bridge decks. Its eco-friendly and non-corrosive properties make it an ideal alternative to steel rebar, especially for marine projects', said KV Pradeep.
Time of India
25-04-2025
- Business
- Time of India
Olectra enters glass fiber reinforced polymer rebar manufacturing for construction sector
1 2 Hyderabad: Megha Engineering & Infrastructures Ltd (MEIL) group's listed entity, Olectra Greentech , diversified into the manufacturing of glass fibre reinforced polymer rebar ( GFRP Rebar ) as an alternative to steel reinforcement bar (rebar) for the construction sector . Olectra Greentech, which makes electric buses and insulators, developed the rebar using ECR (e-glass corrosion resistant) glass and epoxy resin. According to the company, the GFRP rebar is four times lighter than conventional steel rebar but is twice as strong, with a tensile strength of 950–1100 MPa. It has applications in harsh and demanding environments. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "It is also non-corrosive, non-magnetic, non-conductive, and water-resistant. It is also easier to handle and transport," said the Hyderabad-based company, adding that India consumed nearly 50 million tonnes of TMT steel rebar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Underground Oddities: Weird Characters Spotted in the Subway Subway Quirks and Curiosities Undo "The steel rebar substitute marks Olectra's official entry into the construction materials industry, with applications from industrial flooring to pavements, bridge decks, precast elements, substation civil structures, and drainage facilities. Its eco-friendly and non-corrosive properties make it an ideal alternative to steel rebar, especially for marine products," Olectra chairman & managing director KV Pradeep said.
