Latest news with #OlectraGreentechLimited
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
26-05-2025
- Automotive
- Hans India
Olectra Greentech Reports Impressive Growth in Q4 and Full Year 2024-25 Results
Hyderabad: Olectra Greentech Limited (OGL), a prominent electric vehicle manufacturer, has revealed its consolidated financial results for the fourth quarter and full year ending 31 March 2025, showcasing remarkable growth. In the final quarter, Olectra delivered 219 electric vehicles, a notable 67% increase compared to the 131 units delivered in the same period last year. This surge in deliveries contributed to a revenue of ₹448.92 crores for Q4 FY 24-25, representing a 55% increase year-on-year. To date, the company has successfully delivered 2,718 electric vehicles, driven by robust demand, as evidenced by an impressive order backlog of 10,022 bus units. Olectra's EBITDA for Q4 FY 24-25 reached ₹58.35 crores, reflecting a significant 36% increase from the previous fiscal year. Pre-tax profits (PBT) soared to ₹29.25 crores, marking a remarkable 45% growth from last year's ₹20.11 crores. The company's profit after tax (PAT) stood at ₹20.69 crores, up by 39% from ₹14.89 crores a year prior. The earnings per share (EPS) for the year ending 31 March 2025 were reported at ₹16.92, compared to ₹9.36 for the previous year. For the full financial year, Olectra recorded a total revenue of ₹1,801.9 crores, a 56% increase. The EBITDA for the year hit ₹276.32 crores, up by 49%, while PBT surged to ₹187.88 crores, an impressive 78% increase compared to ₹105.78 crores in the prior fiscal year. The PAT for the year was ₹139.21 crores, reflecting a 77% increase from ₹78.65 crores. Commenting on the results, Olectra Greentech Limited's Chairman and Managing Director, Mr K. V. Pradeep, expressed satisfaction with the strong growth in revenue and profitability for both Q4 and the full year. He emphasised the company's commitment to enhancing manufacturing capabilities and technology. Notably, Olectra unveiled its innovative Blade Battery Technology at the Bharat Mobility Global Expo 2025, which promises advanced energy density, quicker charging times, and improved overall performance, safety, and reliability in electric mobility. Mr Pradeep concluded by reaffirming Olectra's dedication to innovation and excellence within the electric mobility sector, setting ambitious benchmarks for the future.
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.
