Hyderabad-based electric vehicle manufacturer Olectra Greentech Ltd announced a remarkable 177% increase in its consolidated profit after tax (PAT) for the quarter ending March 31, 2026, reaching Rs 57 crore compared to Rs 21 crore in the same period of the previous fiscal year. The company's revenue from operations for the fourth quarter of fiscal year 2025-26 rose by 44% to Rs 645 crore, up from Rs 449 crore in Q4 FY2024-25.
Annual Performance Highlights
For the full financial year 2025-26, Olectra Greentech, a part of the Megha Engineering & Infrastructures group, recorded a 29% jump in consolidated PAT to nearly Rs 180 crore, compared to Rs 139 crore in FY2024-25. This growth was fueled by the company's highest-ever annual electric vehicle deliveries. Annual revenues for FY26 increased by 28% to Rs 2,312 crore, up from Rs 1,802 crore in the previous fiscal year.
Electric Vehicle Deliveries and Order Book
The company delivered 1,280 electric vehicles during the year, representing a 32% increase from 972 units delivered in FY2024-25. Cumulative electric vehicle deliveries stood at 3,998 units as of March 31, 2026. The company's order book remained robust at 10,161 vehicles, indicating strong future demand.
Management Commentary
Olectra Greentech Managing Director Mahesh Babu attributed the strong performance to the company's sustained and profitable growth across its mobility and energy businesses, supported by operational discipline and effective execution. He stated, "With our energy division recording near-double growth over the previous year, we are strengthening our diversified growth platform. As we move ahead, we remain committed to transforming everyday mobility and building future-ready energy solutions."
