Olectra Greentech has announced its Q3 financial results, showcasing robust revenue growth and improved EBITDA performance while maintaining steady profitability. The company's performance reflects strong operational execution and market demand for its products and services.

Financial Performance Overview

The company's consolidated financial results for Q3 demonstrate significant top-line expansion with strong EBITDA growth, though margin compression was observed.

Revenue and EBITDA Growth Analysis

The company achieved substantial revenue growth of 28% year-on-year, with consolidated revenue reaching ₹6.6 billion in Q3 compared to ₹5.15 billion in the corresponding quarter of the previous year. This significant increase of ₹1.45 billion demonstrates the company's ability to expand its business operations and capture market opportunities effectively.

EBITDA performance showed solid improvement, rising 18% year-on-year to ₹932 million from ₹789 million in the previous year, reflecting an absolute increase of ₹143 million. This growth indicates strong operational performance and effective cost management despite business expansion activities.

Profitability and Margin Trends

While revenue and EBITDA showed strong growth, consolidated net profit remained relatively stable at ₹464 million compared to ₹466 million in Q3 of the previous year. The marginal decline of ₹2 million represents a minimal 0.4% decrease year-on-year.

The EBITDA margin compressed to 14.05% in the current quarter from 15.32% in the previous year, representing a decline of 127 basis points. This margin compression suggests that while the company maintained strong absolute profitability growth, revenue expansion came with proportionally higher operational costs.

Key Financial Highlights

The Q3 results present a robust operational performance for the company:

• Strong revenue momentum with 28% year-on-year growth
• EBITDA growth of 18% reaching ₹932 million
• Stable profit generation with minimal variance from previous year
• Consolidated revenue crossing the ₹6.6 billion milestone
• Maintained profitability above ₹460 million mark

The financial performance indicates the company's focus on growth while preserving its profit-generating capabilities, positioning it for continued business development in the coming quarters.

MEIL Holdings Limited has released its Non-Disposal Undertaking on shares of Olectra Greentech Limited following the closure of a loan arrangement with REC Limited. The company submitted a revised disclosure to BSE on January 22, 2026, providing clarification on the encumbrance release after receiving feedback from the stock exchange.

Encumbrance Release Details

The release of encumbrance became effective on January 8, 2026, covering 6,38,083 shares representing 0.78% of Olectra Greentech's total share capital. The encumbrance was in the form of a Non-Disposal Undertaking that was created in favor of REC Limited as part of a loan arrangement.

Current Shareholding Position

MEIL Holdings Limited continues to maintain its position as the largest shareholder in Olectra Greentech Limited. Following the encumbrance release, the company's post-event holding of encumbered shares has been reduced to zero.

Regulatory Compliance and Disclosure

The company initially submitted its disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 13, 2026. However, BSE requested clarification regarding the reason for encumbrance release in an email dated January 20, 2026.

In response, MEIL Holdings submitted a revised disclosure on January 22, 2026, signed by Managing Director P.V. Krishna Reddy. The company clarified that while the reason for release was mentioned in the original covering letter, they provided the revised disclosure to avoid any ambiguity.

Non-Disposal Undertaking Structure

The Non-Disposal Undertaking was structured based on MEIL Holdings' commitment to remain the largest equity shareholder of Olectra Greentech Limited. The restriction was tied to the shareholding of the second-largest shareholder during the loan tenure with REC Limited. As of the NDU release date, the second-largest shareholder held 6,38,083 shares, which determined the extent of MEIL Holdings' non-disposal restriction.

The release of this encumbrance provides MEIL Holdings with greater flexibility in managing its shareholding in Olectra Greentech while maintaining its controlling stake in the electric vehicle and green technology company.