Hyderabad, May 27 -- A leading electric commercial vehicle maker, Olectra Greentech , a group company of Megha Engineering & Infrastructures Limited (MEIL) , reported a 39 per cent increase in its consolidated net profit to Rs 20.69 crore for the quarter ended March 31, 2025 as compared to Rs 14.89 crore in the corresponding quarter in the previous fiscal year.
The consolidated revenue during the quarter was Rs 448.92 crore, up by 55 per cent
Y-o-Y, and this significant revenue growth was recorded as a result of high deliveries during the Quarter, the Hyderabad-based EV manufacturer company said in a release here on Monday evening.
During the quarter, Olectra delivered 219 electric vehicles, against 131 delivered in FY 23-24, an increase...