Vikas Ecotech Limited, a New Delhi-based specialty polymers and chemicals manufacturer, has announced a significant business development. The company has secured a substantial order worth INR 34.22 crore from Olectra Greentech Limited, a leading innovator in electric mobility and green energy solutions in India.

Order Details

The order, as disclosed in a media release by Vikas Ecotech, is for the supply of fire retardant materials, specifically Aluminium Trihydrate (ATH). This bulk order is expected to be executed in the upcoming quarter, with an estimated completion time of approximately three months.

Strategic Importance

This new order from Olectra Greentech underscores the growing confidence in Vikas Ecotech's product performance and technical consistency in the fire-retardant materials segment. It also highlights the company's increasing role as a trusted partner in providing sustainable, safety-driven specialty materials.

Market Trends

The demand for Aluminium Trihydrate (ATH) continues to rise, driven by strengthening safety regulations and its increasing applications across various sectors. These include:

• Electric mobility
• Construction
• Automotive
• EHV composite insulators
• Wire & cable industries

With India's rapid infrastructure and green mobility expansion, the market for fire-retardant chemicals is poised for steady growth. This order further positions Vikas Ecotech to capitalize on this momentum.

About Olectra Greentech

Olectra Greentech Limited, the company placing the order, is India's leading pure electric bus manufacturer and a pioneer in green mobility solutions. Headquartered in Hyderabad and part of the Megha Engineering & Infrastructures Limited (MEIL) Group, Olectra has deployed over 2,200 electric buses nationwide, offsetting more than 270,000 tons of CO₂ emissions.

Vikas Ecotech's Market Position

Vikas Ecotech Ltd. is engaged in the business of Specialty Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries. The company caters to a wide range of applications across various sectors, including agriculture, infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices, and consumer goods.

Notably, Vikas Ecotech is the only manufacturer of Organotin (heat stabilizers for vinyl applications) in India with in-house R&D facilities. It is also one of the few manufacturers globally with the technology and expertise to produce this material from Tin Metal to the final product.

This latest order reinforces Vikas Ecotech's position in the specialty chemicals market and its ability to meet the growing demand for fire-retardant materials in India's evolving industrial landscape.

Disclaimer: This article is based on a media release from Vikas Ecotech Limited and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

Vikas Ecotech Limited, a leading player in the specialty chemicals and polymers sector, has announced its unaudited financial results for the first quarter ended June 30, 2025. The company reported a mixed performance with revenue growth but a decline in profitability compared to the same period last year.

Standalone Performance

On a standalone basis, Vikas Ecotech recorded:

Consolidated Results

The consolidated financial results show:

• Revenue from operations: ₹10,355.56 lakh
• Profit for the quarter: ₹237.00 lakh

Segment-wise Performance

The company operates in two main segments:

1. Infra & Energy: Generated revenue of ₹4,649.82 lakh
2. Chemical, Polymers & Special Additives: Contributed ₹3,710.76 lakh to the standalone revenue

Key Financial Metrics

• Basic earnings per share: ₹0.02 for both standalone and consolidated results
• Paid-up equity share capital: ₹13,883.56 lakh (face value of ₹1 per share)

Management Commentary

Rajeev Kumar, Executive Director of Vikas Ecotech Limited, stated, "The Board of Directors has approved and taken on record the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2025. While we've seen growth in our top line, we acknowledge the challenges reflected in our bottom line. We remain committed to improving our operational efficiency and capitalizing on market opportunities in the coming quarters."

Auditor's Review

KSMC & Associates, the statutory auditors, have conducted a limited review of the financial results and issued an unmodified opinion. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices.

Outlook

While Vikas Ecotech has shown resilience in revenue growth, the significant year-on-year decline in profit warrants attention. The company's performance in the coming quarters will be crucial in determining whether this is a temporary setback or if it signals a need for strategic adjustments in its operations and market approach.

Investors and stakeholders will be keenly watching how Vikas Ecotech navigates the challenges ahead and leverages its strengths in the specialty chemicals and polymers market to restore profitability to previous levels.

Note: All figures are in ₹ lakh unless otherwise stated.