OGL records 29% YoY revenue growth
EBITDA for the quarter increased by 19 per cent year-on-year to`97.10 cr, driven by improved operational efficiency and scale benefits
image for illustrative purpose
Hyderabad: Olectra Greentech Limited (OGL), a subsidiary of the MEIL Group and a leading electric vehicle manufacturer, has announced its consolidated financial results for the third quarter and nine months ended December 31, 2025 (Q3 & 9M FY 2025–26).
The results were approved by the Board of Directors at its meeting held on Monday.
During the third quarter of FY 2025–26, the company achieved its highest-ever quarterly delivery, underscoring strong execution and rising demand for clean mobility solutions.
Olectra Greentech delivered 385 electric vehicles during the quarter, a growth of 37 per cent year-on-year. Revenue for the quarter stood at Rs663.60 crore, registering a robust growth of 29 per cent compared to the corresponding quarter of the previous year. EBITDA for the quarter increased by 19 per cent year-on-year to Rs97.10 crore, driven by improved operational efficiency and scale benefits. Profit before tax stood at Rs64.07 crore, while profit after tax was Rs46.68 crore. Earnings per share for the quarter was reported at Rs5.65, reflecting stable profitability and disciplined cost management.
The record quarterly deliveries included 24 electric tippers, highlighting Olectra’s expanding footprint beyond electric buses. With cumulative deliveries of 3,639 electric vehicles till date and a strong order book of 9,439 electric vehicles, the company enjoys healthy revenue visibility and growth momentum for the coming quarters.
For the nine-month period ended December 31, 2025, Olectra Greentech reported revenue of Rs1,667.45 crore, reflecting a year-on-year growth of 23 per cent. EBITDA for the period rose 13 per cent to Rs246.08 crore. Profit before tax stood at Rs166.33 crore, while profit after tax amounted to Rs122.14 crore, registering steady growth over the corresponding period last year.
Commenting on the performance, Mahesh Babu, Managing Director, Olectra Greentech Limited, said the company was pleased to report its highest-ever quarterly deliveries, supported by a sustained focus on operational efficiency and disciplined execution.
He said the certification of the company’s Blade Battery Pack, an industry first in the Indian electric bus segment, marks a significant milestone. Production of buses equipped with Blade Battery technology is scheduled to commence from the next quarter, strengthening Olectra’s technology-led growth strategy and its commitment to India’s electric mobility transition.
