Hyderabad: Leading electric vehicle manufacturer Olectra Greentech Limited (OGL), today announced its Q3 and Nine Months consolidated financial results ending December 31, 2023. The Board of Directors, in its meeting held today, officially approved these remarkable achievements.
During the quarter under report, Olectra delivered 178 electric vehicles, against the 142 delivered in 2022-23, an increase of 25 per cent.
The revenue for Q3 FY 23–24 was Rs 342.14 crore, up by 33%. This significant revenue growth was recorded due to the deliveries. The company has delivered 1615 electric vehicles till date. Congratulations to the team for achieving these impressive results. Strong demand continues with the total number of bus orders on hand at 8,088 units.
The company’s EBITDA in Q3FY23-24 reached an impressive Rs 56.10 crores, marking a substantial 52% increase compared to the previous year. The PBT has surged to…
