Olectra Greentech has released its financial results for the second quarter of FY25, showing impressive growth.

The company's net profit for the quarter ending September 30, 2024, increased by 156.4% year-on-year to Rs 47.7 crore.

Revenue from operations also experienced significant growth, rising 70.5% year-on-year to Rs 523.7 crore, compared to Rs 307.2 crore in the same period last year.

This quarter marked the highest net sales, profit after tax (PAT), and profit before tax (PBT) levels for Olectra in the past five quarters.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) reached Rs 81.2 crore, resulting in an EBITDA margin of 15.5%, up from 13.2% in the corresponding quarter of the previous fiscal year.

Following the announcement, Olectra Greentech's shares experienced a 4% increase on October 23.