Hyderabad: Olectra Greentech Limited (OGL), a subsidiary of the MEIL Group and a key player in India’s electric vehicle sector, reported a 29% year-on-year OGL revenue growth for the third quarter of FY 2025–26, ending December 31, 2025.
The company delivered a record 385 electric vehicles in the quarter, marking a 37% rise in volume compared to the same period last year. Quarterly revenue reached ₹663.60 crore, its highest to date, signalling increased demand and strong execution in clean mobility.
Q3 performance driven by scale and operational gains
OGL’s EBITDA for the quarter stood at ₹97.10 crore, a 19% increase year-on-year. Profit before tax was ₹64.07 crore, while profit after tax reached ₹46.68 crore. Earnings per share stood at ₹5.65. The company attributed this performance to operational efficiency and disciplined cost management.
For the first nine months of FY 2025–26, the company reported total revenue of ₹1,667.45 crore, a 23% rise over the previous year. EBITDA during this period was ₹246.08 crore, up 13% year-on-year. Profit before tax was ₹166.33 crore, and profit after tax came in at ₹122.14 crore.
The company’s cumulative electric vehicle deliveries now stand at 3,639, with an order book of 9,439 units. This includes 24 electric tippers delivered in Q3, marking diversification beyond buses and strengthening long-term revenue visibility.
Managing Director Mahesh Babu said the firm’s highest-ever quarterly deliveries reflected OGL’s sustained operational focus. He added that the Blade Battery Pack, now certified and scheduled for rollout in the next quarter, would position the company at the forefront of electric bus innovation in India.